Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, will on Friday lead the foundation-laying ceremony for Inland Dry Port in Ogun State. The port, located at the site of the proposed Dry Port City at Soderu Village, Itori, in Papalanto-Ewekoro axis of the state, is part of ongoing efforts to boost economic growth and industrialisation in the state. This …

The Infrastructure Concession Regulatory Commission (ICRC) has confirmed that the construction of the $3.5 billion Bakassi Deep Seaport is going to begin soon, signaling an advancement for Nigeria’s maritime and economic infrastructure. ICRC’s Director-General (DG), Dr Jobson Ewalefoh, announced this at a high-level stakeholders’ meeting, according to a statement on Monday by the acting Head of Media and Publicity, Ifeanyi …

The Federal Government has endorsed the Bakassi Deep Seaport Integrated Project. The project is an infrastructural initiative foe transforming Nigeria’s maritime sector and boosting the economy. The Minister of Marine and Blue Economy, Adegboyega Oyetola, announced the endorsement at a stakeholders’ engagement organised by the Cross River State government in Calabar, the state capital. In a statement by his spokesman, …

Nigeria has lost a staggering $9 billion annually due to the absence of functional ocean-going vessels for affreightment, particularly for crude oil. According to information gathered by LEADERSHIP, Nigeria loses out to foreign shipowners who transport crude oil and engage in Ship-to-Ship (STS) transfers, disadvantaging indigenous ship operators in the nation’s coastal waters. Maritime experts argue that for decades, Nigeria …

There was serious disagreement between the Navy and the Nigerian Maritime Administration and Safety Agency. (NIMASA), over the proposed law on maritime security by the Senate. In its bid to strengthen maritime security, the Senate drafted a bill to repeal and amend the Nigerian Maritime Administration and Safety Agency (NIMASA), Act of 2007, which when passed into law, would empower …

President Bola Tinubu has approved the appointment of Dr. Abubakar Dantsoho as the Managing Director of the Nigerian Ports Authority (NPA). The President has also approved the appointment of Senator Adedayo Adeyeye as Chairman of the Board of the Nigerian Ports Authority (NPA). This was disclosed in a statement by the Special Adviser to the President on Media and Publicity, …

President Bola Tinubu has emphasized the importance of international cooperation on maritime security to unlock the vast potential of Africa’s blue economy. The President spoke at the 2024 International Maritime Conference in Lagos, held to commemorate the Nigerian Navy’s 68th anniversary, at the Naval Dockyard Limited, Victoria Island, Lagos. Represented by the Vice President, Kashim Shettima, the President, acknowledged the transnational …

Projects that will enhance the operational capabilities and safety standards of the National Inland Waterways Authority (NIWA) were inaugurated yesterday by Minister of Marine and Blue Economy Adegboyega Oyetola. It was during his one-day trip to the NIWA headquarters in Lokoja, the Kogi State capital. Oyetola was received by a NIWA team led by its Managing Director Alhaji Bola Oyebamiji. …

The Minister of State for Defence, Dr. Bello Matawalle has declared the Federal Government’s commitment to integrating the operations of the Command Control Computer Communication Information System (C4i) of the Nigerian Maritime Administration and Safety Agency (NIMASA) and the surveillance facility of the Nigerian Navy, known as the Falcon Eye system for the security of the Nigerian Maritime space to …

Two key agencies with the Marine and Blue Economy ministry raised their revenue profile by 92 per cent, Minister Adegboyega Oyetola said yesterday. According to him, the earnings by the Nigerian Ports Authority (NPA) and Nigerian Maritime Administration and Safety Agency (NIMASA) grew from N126,359,074,742 in the first quarter of last year to N242.811 billion in the first quarter of …