Maritime
‘Blue Economy Potentials Enough To Pay Nigeria’s Debt’
Director General of Nigeria Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has said the potentials of the blue economy are enough to pay off the country’s debt and improve its finances if properly harnessed .
This was the highlight of a lecture delivered by Dr. Jamoh at the 7th Annual Bullion Lecture held in Lagos on Thursday.
In his lecture, titled; “Banking on Blue Economy for Nigeria’s Economic Development,” he noted that the greatest obstacle to Nigeria’s Blue Economy is “sea blindness”, a situation whereby people are unaware of the impact of shipping in their daily lives.
He disclosed that people now see shipping as an old-fashioned industry, which is not the case, as it is still depended on and brings in almost 90 per cent of what Nigerians consume, adding that the country is faced with the need for diversification and a move away from the dwindling revenue hitherto generated from the oil sector.
According to him,”There are many aspects to maritime domain awareness, ranging from security to safety, to the health of the marine environment.
“But when it comes to the Blue Economy, all eyes must be on the money. We need to know what we as Nigerians have domiciled in our Economic Maritime Domain.
“Most discussions about Maritime Domain Awareness have centred largely on security. Little wonder that when I assumed office three years ago as the Director-General of NIMASA, we introduced our strategy around the tripod of Maritime Security, Maritime Safety and Shipping Development, known popularly as the TRIPLE ‘S’, but with the recent gains in calming our waters, it is now time for Nigeria to pivot to the Economics of Maritime Domain Awareness, hence the Blue Economy.
“We need to take stock of what is out there in our waters, we need to know what we have in terms of what will create jobs, build coastal communities, grow careers, enhance transportation of humans and cargo, renew and sustain the environment, reduce littoral areas poverty and make our nation competitive by maximizing our comparative oceanic advantages.
“The country had focused on a hybrid economic structure that blends oil with agriculture, but the former remained consistent as growing economic mainstay ahead of the latter over the years.
“Today, the waters provide low hanging fruits to diversify the economy. It is increasingly being accepted that the country’s future lies in the Blue Economy’’.
“Dr. Agbakoba made mention of the debt that the incoming government will inherit. If you look at the blue economy, you will think that it’s child’s play, but it is not. Once we are serious, we can use the blue economy to knock out the debts”.
Jamoh noted that the Federal Government’s policy direction towards economic diversification from oil dependence to blue economy is deliberate because studies have proven the oil industry to be subject to limitations in the face of global demand for environmentally sustainable sources of energy.
He said the country stands to benefit more from her waters, if sustainable steps are taken to harness the many untapped marine potentials for investment and job creation while preventing marine pollution.
The NIMASA boss explained that while many confine their thinking to a blue economy concept that revolves around littoral states where large bodies of waters are found with ports and jetties, the benefits are cascading to none littoral areas like Kaduna and Kano which now have Dry Ports; and Northern based businesses and importers can depend on trans-shipment of cargoes from the seaports to these dry ports.
While listing the five key pillars of the blue economy as sustainability; promoting ocean resources; preservation of the ecosystem; economic growth, as well as improved livelihoods and jobs, he stated that the industry is valued at USD2.5 trillion per annum while 350 million jobs is linked to marine fisheries worldwide.
Similarly, while 34 per cent world’s crude oil production is offshore, aquaculture is the fastest growing food sector providing 50 per cent of fish for humanity.
According to him, in 2012, sea tourism increased by four per cent despite the global economic crisis and constituted nine per cent of Global GDP: nine per cent of global jobs; and generated USD1.3 trillion of the world’s export.
He further listed maritime transportation, fisheries, aquaculture, renewable energy, tourism, climate change, waste management, port development and logistics, shipping, dockyards, marine tourism, dredging, offshore oil & gas exploration and production, renewable energy & biotechnology, and maritime fabrication and construction as key segments of the blue economy.
Speaking further on the inherent opportunities of the blue economy, he urged investors to look in the area of tourism, cargo operations, stevedoring services, warehousing/bonded terminal, haulage, ship building & repairs, ship/cargo surveying, ship management, and tank farms.
Other areas include; packaging, logistics, bunkering services, ship/cargo surveying, ship chandelling, short-sea services, ship brokerage, ship agency, ship finance services, training for shore and ship board personnel, marine insurance services, legal/admiralty services and IT services.
Jamoh stated that NIMASA is driving Nigeria’s blue economy agenda through the following: “Disbursement of Cabotage Vessel Financing Fund (CVFF) USD360 million. Deployment of the Modular Floating Dock. Capacity Building (Seafarers Development Programme) – NSDP. Capacity Building (Maritime Skills) – Maritime Training Institutions (MTIs). Midwifing of Strategic Synergy to further enable ship-owners easily acquire vessels to expand the national fleet through financial investment and cargo support by the Nigerian National Petroleum Company Limited (NNPCL).
“The NNPCL has offered to provide 9 per cent of the 15 per cent CVFF ship-owners’ contribution, thereby lessening the financial outlay on the ship- owners to just 6 per cent contribution.
“Additionally, the NNPCL has committed to providing the much-needed cargo for the vessels to engender the business of coastal shipping, thus creating a win-win partnership that will boost the economy and create employment”.
The Federal Executive approved nationwide wreck removal exercise to clear all underwater encumbrances to make the nation’s water channels safer for vessel navigation.
By: Nkpemenyie Mcdominic, Lagos
Maritime
Twenty-Four-Hour Port Operations Achievable, If -Nweke

The former President of the Nigeria Association of Government Approved Freight Forwarders (NAGAFF), Dr. Eugene Nweke, has said that only a political will would make the 24-hour port operations achievable.
Nweke made the disclosure during the Fifth Town Hall meeting organised by JournalNG held in Lagos on Thursday.
“24 hour port operations is achievable if government would give a clear order to the effect.
“Government should get a regulatory agency to supervise port operations accurately for monitoring and evaluation.
“Once everyone knows what to do, operators will be guided. It will not be a situation where government issues port order without monitoring and no enforcement.
“So, we need a political will to drive our ports for 24-hour port operations in Nigeria”, Nweke said.
He said government agencies should see the transformation as a necessity, same as port stakeholders.
Nweke continued that collaboration and partnership among stakeholders would enable both government and port users achieve 24-hour port operations.
He said any identified bottlenecks delaying the achievement of 24 hours ports operations should be removed and sanctioned accordingly.
He noted that port communities are meant for commercial activities, adding that necessary infrastructure should be considered in the ports to avoid unnecessary human element.
Nweke urged government to improve on infrastructure to make the ports more attractive and friendly for customers.
Also in his presentation, the Chairman, Nigeria Ports Consultative Council (NPCC), Mr. Bolaji Sunmola, said quest to actualise 24-hour port operations in Nigerian seaports was no longer aspirational but necessary.
He said with a carefully sequenced strategy anchored on technology, sustainability, and stakeholder alignment, Nigerian ports could be positioned as efficient, secure, and economically transformative assets.
As Chairman of NPCC, he reaffirmed commitment to this vision by inviting all stakeholders-MDAS, port terminal operators, energy providers, transport unions, and investors to join in executing this transformation.
The Assistant Comptroller, Nigeria Customs Service (NSC), Abass Oladepo, said Customs had been operating 24 hours port operations.
He said at Ports and Terminal Multi Services Ltd. (PTML) command the Customs had commenced 2-hour cargo clearance, adding that averagely in one-year the Command had achieved less than 6-hour ports clearance.
The town hall meeting was to sensitise stakeholders on Customs transformation known as B’Odogwu and urge importers to engage in honest declaration to enable them achieve few minutes cargo clearance.
In his contribution, the Managing Director, ENL Consortium, one of the terminal operators, Mr. Mark Walsh, urged Nigeria banks attached to ports cargo clearance operations to improve their operation to avoid delays in payments.
He commended the Federal Government and the Nigerian Ports Authority for modernising the ports, adding that there was need for 24-hour lighting at the ports, to stop them from running generators 24/7.
He noted that ports operation needs more lighting, especially for security during the night operations.
The General Manager, Trade Modernisation Project (TMP), Mr. Ahmed Ogunsola, urged stakeholders to collaborate and point out challenges hampering 24 hour port operations to provide solutions.
Ogunsola said TMP worked with the NCS to enhance cargo clearance by providing technology backbone, building capacity and to enhance sustainability.
He said 24 hour port operations was achievable with the collaboration of port users.
“The TMP had agreement with the Federal Government to provide 67 scanners and presently we have successfully brought five scanners into the country to modernise Nigeria Customs Service and facilitate trade”, Ogunsola said.
In his opening remarks, the Publisher, JournalNG magazine, Mr. Ismail Aniemu, said the forum gave the stakeholders opportunity to interact and come with recommendations to guide government in policy making.
Aniemu said many ports in Nigeria need to turn to smart ports, adding that Nigeria had competent expertise that would assist government to actualise the dream.
He said some of the port users were operating 24 hours and there was need fornit to be sustained collectively.
Maritime
Rice Smuggling Still Increasing In Creeks – RMIDN

Local rice merchants, under the aegis of Rice Millers, Importers and Distributors of Nigeria (RMIDN) have expressed displeasure over the upsurge in the smuggling of rice into the country through neighbouring Cotonou, Benin Republic.
According to RMIDN, Nigeria has lost an estimated N60 billion as a result of rice smuggling.
“Mostly Indian and Thailand rice that are imported into Cotonou find their way into Nigeria illegally with Western Creeks serving as gateway to the highest degree of these illicit imports”, RMIDN said.
Speaking exclusively with The Tide in Lagos, the Chief Executive Officer, Bayuf Farm limited, Chief Kabiru Idowu, noted the large scale concealment in trucks purportedly laden with dutiable goods to the fleet of vehicles under the cover of darkness, saying “Western Marine Creeks, is indeed a place to watch, if the economy of the nation must be protected”.
According to him, “the volume of imports for which revenue is lost on the part of the government may far outweigh the generated revenue and create an adverse affect on government policy to encourage local production of some products.
“It would also be recalled that in December, 2024, the Customs Area Controller, Federal Operations Unit, Compt. Kola Oladeji, disclosed to journalists at a briefing in the Command that smuggling of rice through the Western Creeks is on the increase, thereby placing a question mark on the proficiency of the Marine Command of the Customs.
According to him, the areas of water which flows into the land accounts for a higher degree of rice smuggling, adding that there is inlet through water behind Alaba market where smugglers are coming, with various items but with rice topping the lists.
Also, Mr. Tapenu Michael noted that importers of Nigeria bound goods through the Cotonou Port see the western waterways as most viable entry point either for evasion or concealment of prohibited items.
He emphasized that most items that fall under Federal Government import prohibition list or statutory barred from entering the country through land borders find their ways through the creeks.
Maritime
Truckers Raise Alarm Over NPA’s Call-Up System

The Nigerian Association of Road Transport Owners (NARTO) has issued an urgent call to the Nigerian Ports Authority (NPA) management and handlers of the eto electronic call-up system, urging immediate action to address what they describe as unfriendly policies hampering the direct delivery of cargo from the Lagos Port.
According to the Chairman of NARTO Metropolitan Unit, Abdullahi Moh’d Inuwa, the new policies under the eto call-up system have led to significant delays in truck approvals and discouraged truck operators from servicing the port.
“Direct delivery of cargo requires between 48 to 54 trucks daily per vessel, and with multiple vessels, at least 120 to 150 trucks are needed.
“However, the current approval process is slow, and many truckers now prefer loading outside the port due to the multiple levies and restrictions imposed”, Inuwa stated.
He warned that these developments threaten the business interests of consignees and importers, with many considering diverting cargo to other ports.
“Trucks are being forced to offload inside sheds, incurring extra charges and demurrage, which are eventually passed on to end users. Despite government efforts to reduce duties on agricultural products, the call-up process remains a major bottleneck”, he added.
The trucker said prompt intervention is crucial to restore confidence and ensure the smooth evacuation of cargo, which is vital for Nigeria’s import-dependent economy.
Truckers and port users have repeatedly complained about extortion by security agencies, racketeering in the call-up system, and policy inconsistencies that have resulted in gridlock, delays, and financial losses.
Industry sources confirm that the current system often favors certain operators, leaving others stranded and forcing importers to pay exorbitant fees to favours revalidate delivery orders.
NARTO is calling for a review of the eto call-up system to ensure fairness and efficiency, warning that continued inefficiencies could lead to further congestion, trade disruptions, and a shift of cargo traffic away from Apapa Port.
The association also appealed to security agencies to stop the harassment and extortion of truck drivers, and urged the NPA to harmonize safety requirements to avoid multiple taxation.
By: Stories by Nkpemenyie Mcdominic, Lagos
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