Business
IMO Hails Nigeria’s War Against Piracy
A global maritime body, the International Maritime Organisation (IMO), has extolled Nigeria’s leadership role in the quest for security in the Gulf of Guinea.
IMO is a specialised agency of the United Nations responsible for regulating shipping.
The body, in a letter addressed to the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, highlighted NIMASA’s contributions to the war against piracy and maritime crimes in the region.
IMO also commended NIMASA for enacting the Suppression of Piracy and Other Maritime Offences (SPOMO) Act, 2019, and for initiating the Deep Blue Project.
These, it said, were proofs of the country’s abiding determination to lead the charge against maritime crimes in the region.
In the letter signed by the Director, Maritime Safety Division, Heike Deggim, on behalf of the IMO Secretary General, Kitack Lim, the United Nations maritime organ praised “the efforts of the Nigerian Maritime Administration and Safety Agency (NIMASA) for its contribution to the fight against piracy and armed robbery in the Gulf of Guinea”.
IMO said, “From the successful enactment of new legislation in the form of the Suppression of Piracy and other Maritime Offences Act, 2019, complete with the forthcoming Guidelines, to the initiation and implementation of the C4i Deep Blue Project, Nigeria continues to demonstrate its leadership in the region with regard to maritime domain awareness and the enhancement of maritime security amongst littoral States.
“IMO remains committed to supporting the good work being done by Gulf of Guinea States, such as Nigeria, to improve maritime governance and to enhance maritime security in terms of both current and emerging threats and challenges. It is, therefore, imperative that States adopt a strategic approach, in order to ensure effective implementation and compliance”.
Lim had, in June, this year, written a similar letter to NIMASA following the arrest and prosecution of some suspected pirates by Nigeria, saying the moves sent a “strong and valuable message” to the international community about Nigeria’s commitment to safety and security in its waters and the Gulf of Guinea.
“Those actions, together with all the other initiatives you highlighted in our meeting, including progress with the Deep Blue Project, send a strong and valuable message to the international community with respect to the considerable efforts your government is making to curb piracy and armed robbery against ships in the Gulf of Guinea”, Lim said.
Jamoh had earlier, in a virtual address to a meeting of the G7++Group of Friends of the Gulf of Guinea (G7++FOGG), expressed Nigeria’s resolve to lead efforts to achieve security in the region.
He said Nigeria’s strategy against insecurity in the region would be based on home-grown solutions.
The NIMASA boss stressed the country’s efforts to rid the Gulf of Guinea of maritime crime, using local initiatives anchored on the Integrated National Security and Waterways Protection Infrastructure.
Jamoh acknowledged the challenge of piracy and armed robbery in the region, but said, “Our solution to the insecurity in the GoG must be home-grown, with GoG countries cooperating amongst themselves. Commitment to this cause must become an imperative.
“I have often maintained that Nigeria is the Gulf of Guinea and the Gulf of Guinea is Nigeria. We recognise our strategic leadership position and role in the GoG, which has informed the extent of an integrated system of investment to curb criminality in our waters, ranging from enactment of designated legislation to development of human capacity and acquirement of critical hardware and platforms”.
Jamoh said, “Nigeria is working with the IMO to develop a National Maritime Security Strategy and in support of this, has started work to form a National Maritime Security Committee consisting of the National Security Adviser, Nigerian Navy, Nigerian Air Force, INTERPOL, Marine Police, and other relevant security agencies. This committee will give focus and strategic direction to our maritime security effort”.
By: Chinedu Wosu
Business
MoneyPoint Empowers Pharmacists With Payment Solutions
MoniePoint Inc. a digital financial firm in Nigeria, has said it is empowering community pharmacists across the country with innovative payment solutions to improve access to drugs.
The financial firm said it had also provided loans for pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) to drive healthcare delivery in the country.
MoniePoint in a release titled, “Inside Nigeria’s community pharmacies: How Moniepoint drives healthcare access with payments and funding”, has reaffirmed its commitment to providing digital payment solutions to improve health outcomes in Nigeria.
The release examined how community pharmacies play a crucial role as vital access points for medical care in Nigeria, especially in areas with limited hospital or clinic access.
According to the release, the ACPN National Chairman, Ambrose Igwekwam, highlighted the critical role played by community pharmacies in Nigeria’s healthcare system over the years.
Igwekwam, however, expressed concerns over the challenges confronting the nation’s pharmaceutical industry which he said was hindering access to affordable medicines.
The pharmacist listed poor infrastructural systems, power, transportation, regulatory bottlenecks, importation dependency, and limited research opportunities as major challenges facing the pharmaceutical sector.
He also stressed the need for robust collaborative efforts with institutions like Moniepoint to strengthen the sector.
“As Nigeria continues to grow, improving local pharma manufacturing to meet the demands of this growth presents a key opportunity for us all.
“There is also the African Continental Free Trade Area Agreement, which is expected to boost our industry, especially when we start producing our drugs locally, which will provide the much needed foreign exchange from exports.
“We are also seeing advancements in digital health and technology which would hopefully deepen the practice of e-prescription in Nigeria”, the ACPN boss said.
Corlins Walter
Business
Embrace AI, CIIN Urges Insurance Operators
In order to enhance customer service and streamline operations, the Chartered Insurance Institute of Nigeria (CIIN) has called on stakeholders in the insurance industry to embrace Artificial Intelligence (AI).
The President of the institute, Yetunde Ilori, made this call at the 2024 Office Representatives Committee (ORC) Workshop, organised by the institute, with the theme “AI and the Future of the Insurance Industry”, in Lagos.
Ilori at the event, emphasised the importance of AI adoption, noting that it was not a threat to jobs but rather a tool to improve efficiency across the insurance sector.
“It is not about AI taking over our jobs, but about us using AI to simplify processes and give maximum satisfaction to all the customers we serve whether as underwriters, brokers, loss adjusters, or in educating our members”, she said.
The workshop, which brought players in the insurance sector together, aimed to address how AI could be leveraged to transform business processes and improve customer interactions.
The Chairman of the ORC, Monica Nwachukwu, underscored the role of AI in modernising the industry, adding, “AI can automate customer and claims processes, allowing insurers to provide faster and more efficient services to their customers”.
She explained how AI could help extract data from legacy systems, enhancing decision-making processes.
“By integrating AI with APIs, insurers can feed valuable data into AI solutions to improve operations and customer service”, she added.
In his address, the Managing Partner of A4S and Training Heights, Orlando Odejide, stressed the need for companies to align their strategies with future technologies like AI, especially as they prepare for 2025.
“Any organisation that wants to grow into the future must have its strategic plan in place. If your strategy for 2025 is not ready, it should be done by October”, he advised.
He encouraged participants to think critically about how AI could be integrated into their business models to ensure they remain competitive.
“The idea is for you to use this workshop as a platform to think about your organization and how AI can help streamline your processes and improve growth”, Odejide noted.
Business
NASRDA Reassures On Strengthening Nigeria’s Space Capability
In order to gain global respect and recognition, the National Space Research and Development Agency (NASRDA) has reaffirmed its determination to pursue its goal in ensuring that Nigeria’s space capabilities are recognised on the world stage.
The agency also reaffirmed its commitment to positioning Nigeria as a key player in the global space economy.
In a statement by the Director of Media and Corporate Communications, Dr. Felix Ale, NASRDA revealed that the Director-General of the agency, Matthew Adepoju, emphasised this during recent engagements at the 79th United Nations General Assembly and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Global Alliance Business Association international conference in Michigan, United States.
The statement noted that Adepoju outlined a forward-thinking agenda, stressing the importance of Nigeria’s space programme as a leader in research, exploration, and technological innovation.
“Our goal is to ensure that Nigeria’s space capabilities are recognised on the world stage.
“We must foster collaborations with global space agencies to enhance our satellite capabilities and technological infrastructure”, he stated.
The NASRDA boss said the agency is focusing on enhancing satellite capabilities, expanding international collaborations, and leveraging space science for national development.
He said NASRDA will have no stone unturned in pursuit of excellence, ensuring the agency secures the necessary resources and recognition to propel it forward.
“The relationships we build today will pave the way for tomorrow’s advancements in space science.
“Innovation and progress thrive in an environment built on collaboration and inclusivity”, he stated.
He emphasised that with the support of the government, international partners, and a dedicated team, NASRDA is poised to make significant strides in the evolving global space landscape.
“We are on the brink of a new era for Nigeria’s space agency. Together, we will ensure our nation stands out in the global space economy”, he said.
Corlins Walter