Maritime Agencies
GLOOMY BUSINESS ENVIRONMENT: Okwuashi Urges FG To Re-introduce Marketing Boards, Among Other Measures.

By Izuchukwu Ozoemena
For Nigeria to make any reasonable impact in reversing the prevailing gloomy business environment, the Federal Government should urgently consider re-introducing the defunct Marketing Boards to implement an enduring price control policy for all goods and services. This is in addition to other pragmatic measures whose target is to regig the economy for the benefit of all.
The Board will monitor and ensure that prices of commodities are not arbitrarily increased in the market especially with this belief that once prices increase in Nigeria, they do not go down.
“Government should sell a functional policy through the Central Bank of Nigeria to ensure that foreign exchange is readily available to importers in the country to sustain effective importation of goods at minimal cost of foreign exchange.”
Professor Alex Favour Okwuashi, Proprietor and Founder, Certified Institute of Shipping of Nigeria (CISN), Badagry, Lagos,
was speaking on the theme “Business Transactions And Rising Costs: The Way Forward” at the 20th anniversary and award event organized by the People’s Forum Magazine & Online publication.
Government, he advised, should also roll out an effective monetary policy that will boost the value of the Naira such that too much Naira will not pursue few goods in the market.
“When the value of Naira improves, it will definitely improve the purchasing power of an average citizen. Government should do all it can to stop the inflationary trend in the country by introducing policies that will create wealth and active productivity among citizens.”
“There must be a revolutionary change in our mode of transportation within the country. I recommend a review of the removal of the subsidy by government to stop the ripple effect it has on the cost of goods and services due to the high cost of transportation.”
However, he suggested that due to the current shortfall in government revenue to carry out development of infrastructure, government must not cave in to current pressures to reverse the removal of oil subsidy but on the condition that genuine palliatives which are implementable are available to drastically reduce the effect on the common citizens.
“There is need to encourage local content through floating policies that will help local industries to survive through provision of steady and cheap energy supply.”
He equally canvassed for the opening up of all feeder or rural roads and the availability of raw materials for production in local industries.
Stimulating conversation and inculcating entrepreneurship skills and innovation among youths, he emphasized, will boost job creation and employment, thereby availing wealth to sustain financial empowerment and a perfect and competitive market structure.
He called for a mechanism to periodically evaluate market forces operating in the country. As the watchdog of society, the media, he said, should critically expose all anti-economic saboteurs of government policies so as to put a check on rising costs.
Also the media should steadily inform the public of price dynamics and how to get goods at cheaper prices without any sharp practices. He added that as entrepreneurs, business owners must learn to adapt to the current industry trends and practices in order not to be left behind when relevant trends are evolving.
“While we urge the government to do its part in creating a more favourable environment for businesses to thrive, we must also be proactive to pursue the trends as we cannot get new results by practising old systems”.
Okwuashi who also doubles as the founder, Coastal Polytechnic, Magbon, Badagry, Lagos, commended the People’s Forum Magazine for bringing up for deliberation such a topic he described as very relevant to contemporary national issues especially at a time when the rising cost of goods in the market is overwhelming.
The CISN Founder who was represented by Pastor Okereke, the institution’s registrar, called for the re-introduction of a modified cabotage law which emphasizes employment and ship building so as to encourage a capacity building process for the marine and blue economy.
Maritime Agencies
MARITIME SECURITY: 1723 Vessels Conducted ‘Dark Activities’ On Nigerian Waters, January To April, 2025, NIMASA’s C4i Reveals.

By Izuchukwu Ozoemena
Between January 2024 and January 2025, 1,723 vessels conducted ‘dark activities’, including turning off their Automatic Identification System (AIS) while on Nigerian waters.

Dr Dayo Mobereola
The Command, Control, Communications, Computers and Intelligence (C4i) centre of the Nigerian Maritime Administration and Safety Agency ( NIMASA) says this alarming number of vessels probably decided to tamper with their AIS system to enable them carry out illicit activities within Nigeria’s Exclusive Economic Zone ( EEZ).
The C4i centre, a critical component of the Deep Blue project domiciled within NIMASA operates with contributions from various security agencies including the Nigerian Navy, Nigerian Air Force, Nigerian Army, the Nigerian Police and the Department of State Services.
It monitors vessels entering Nigerian waters using an intelligence system designed to detect any suspicious activity.
The supervisor of the C4i operation centre, Abdulrasak Lawal disclosed these findings recently during an oversight visit by the House Committee on Maritime Safety, Education and Administration to the Nigerian Maritime Resource Development Centre (NMRDC) in Lagos.
He explained that the system tracks the history of vessels, including their voyages and flags to determine any questionable activities for further investigation. The questionable activities include different types of sharp practices and the deliberate switching off of the AIS, among others.
Lawal said some of the vessels uncovered are suspected to have been engaged in illegal fishing, illegal bunkering, oil theft and dumping of harmful waste in the nation’s waters.
“These vessels, when they sail into our waters, turn off their transmission, and once they do that, you’re not able to track them. Once you are unable to track vessels operating on your waters, there are so many reasons associated with it. We have so many vessels coming for illegal bunkering, illegal fishing, dumping of harmful waste- they are part of the 1723 vessels conducting dark activities.
He added, “Immediately a vessel goes dark, we dispatch one of our aerial assets above that particular vessel to ascertain it’s activities at that moment. Because once a vessel goes dark, it is a crime on its own, and we even have the power to detain any vessel that is conducting dark activities.”
Lawal also highlighted the significant volume of maritime traffic within Nigeria’s waters, which he said accounts for 47 percent of vessel traffic in the Gulf of Guinea with 33,530 port calls recorded between January and April 2025.
This, he said, is against figures from countries within the Gulf of The Guinea (GoG) like Ghana with 4,969 port calls, Gabon- 2,753, Equatorial Guinea- 2,196, Benin- 996, Liberia- 711, and Gambia with 328 port calls within the review period.
The high volume of traffic, Lawal noted, increases the potential for illegal activities and attack on vessels adding that as a member of the GoG, Nigeria is accountable to the International Maritime Organization (IMO) for ensuring security of vessels in its maritime domain.
Lawal disclosed further that a total of 4,016 different vessels entered Nigeria’s EEZ between January and April 2025,
with 166 of them entering for the first time.
Despite the challenges posed by these dark activities, Lawal said the C4i centre of the deep blue project has been instrumental not only in identifying suspicious vessels but also in maintaining a record of zero piracy incidents in Nigeria waters for over one year.
Maritime Agencies
Nigeria – China Currency Swap Deal: Farinto, Olanrewaju Urge Maritime Stakeholders To Take Advantage of Opportunities.

By Izuchukwu Ozoemena
Chairman, Customs Consultative Council (CCC), Aare Hakeem Olanrewaju is optimistic that the currency swap agreement between Nigeria and China has the potential to address the challenges of inflation and other issues working against trade facilitation in the country.
Determined to relieve external funding pressures and ensure trade facilitation between Nigeria and China, both countries engaged in a series of negotiations for a bilateral currency swap framework.
Olanrewaju who chaired the recent breakfast meeting held in Lagos by the Maritime Reporters Association of Nigeria ( MARAN) recalled
a research of over ten years ago showing that prices of goods keep going up in Nigeria compared to other countries of the world.
” I believe the decision of MARAN to organise this breakfast meeting and bring stakeholders together will give us an insight into the benefits and challenges of the currency swap between Nigeria and China”, he said.
Statistics show that China is a strategic tool for trade efficiency and external sector diversification . It has the potentials to offer Nigeria’s maritime industry new trade opportunities with China, the country’s trading partner .
In his intervention, former Acting President, Association of Nigeria Licensed Customs Agents (ANLCA), Dr. Kayode Collins Farinto commended the Tinubu administration for courageous decisions being taken to move the country’s economy forward.
However , he wants Government to tackle the challenge of infrastructure which has been an impediment to trade facilitation so as to efficiently implement the currency swap deal.
Farinto also called for the construction of a functional rail system to make the Lekki Deep Sea port viable and disbursement of the Cabotage Vessel Financing Fund ( CVFF).
He urged the Federal Government to provide the financial support to MARAN to enable the pioneer maritime media association to lead in efforts to carry out needed sensitization on the implementation of the currency swap deal between the two countries.
Maritime Agencies
MAN, Oron, Pledges Partnership With CILT To Foster Professionalism In Marine and Blue Economy.

By Izuchukwu Ozoemena
The Management of the Maritime Academy of Nigeria (MAN), Oron, Akwa Ibom State, has received special recognition and applause for emphasizing robust professional maritime, logistics and transportation education, supply chain management and other professional pursuits aimed at deepening maritime development in Nigeria.
The Chartered Institute of Logistics and Transport (CILT) Uyo Branch made the commendation recently during a courtesy visit to the Management of the foremost nautical school.
Addressing the Academy’s Management Team, the Chairman of the Uyo Branch of the CILT, Mr. Itoro Okon Effiong, said the courtesy visit was to strengthen the professional relationship CILT established with the Academy and to congratulate the newly- appointed Acting Rector of the Academy, Dr. Kevin Okonna.
Okon Effiong who was accompanied by some key officers from the Uyo, Oron, Calabar, and Next Generation branches of the oldest Transport and Logistics Institute in the world said:
“We wish to reaffirm the CILT’s commitment to deepening collaboration with the Academy. We Congratulate you, (the Acting Rector).”
“The track record of your achievements in maritime leadership and educational development will always be remembered.”
The chairman added that the Rector’s appointment was timely considering the need to add value to the maritime and logistics sectors, which are undergoing global and local transformation.
Effiong stressed the pivotal role the Maritime Academy is playing in shaping seafarers and maritime professionals across the country and Africa, an effort he recalled is equally the professional passion of CILT Nigeria.
The Uyo CILT boss further maintained that by building and strengthening a robust professional partnership with institutions like the Maritime Academy, the Institute can tackle critical industry challenges such as capacity building, technological advancement, and policy alignment in line with international standards.
In his welcome address, the Ag. Rector of the Maritime Academy of Nigeria, Dr. Kevin Okonna,
warmly welcomed the delegation and commended the CILT for its continued dedication to maritime and logistics education. He pledged robust institutional support for the CILT.
In a symbolic gesture, the CILT delegation presented a commemorative souvenir in form of a portrait to the Rector, honouring him as a distinguished member of the Institute.
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