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

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Pastor Okereke (left) receiving a special award on behalf of Prof Alex Favour Okwuashi.

 

 

 

 

 

 

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.

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Maritime Agencies

MARAN Makes History June 23 as it Inaugurates New Leadership.

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‎By Izuchukwu Ozoemena





‎Come Tuesday, June 23, the newly elected Executive Council of the Maritime Reporters Association of Nigeria (MARAN) will be inaugurated at the Rockview Hotel, Apapa, Lagos with the theme
‎’Upholding Ethical Journalism for Maritime Development.’

‎The  event scheduled for 10 am is expected to, among others, attract top players in the maritime, shipping, logistics, security and media sectors. Heads of key regulatory agencies and leaders of various maritime associations have also indicated interest to grace the occasion.

‎Chairman of the occasion is the President of the Maritime Security Providers Association of Nigeria (MASPAN), Emmanuel Maiguwa Gankino, while renowned public relations and event management expert, Bolaji Abimbola, will deliver the keynote address.

‎Among dignitaries expected are the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola; the Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho and the Executive Secretary/Chief Executive Officer of the Nigerian Shippers’ Council (NSC), Barrister Pius Akutah Ukeyima.
‎The Comptroller-General of the Nigeria Customs Service, Bashir Adewale Adeniyi, alongside chief executives of maritime agencies, captains of industry, terminal operators, shipping companies, freight forwarders and other stakeholders across the maritime value chain will also attend.

‎Speaking ahead of the inauguration, MARAN President, Comrade Oluyinka Onigbinde, described the event as a defining moment in the association’s quest to deepen professionalism, credibility and responsible maritime reporting.

‎He said the new executive would focus on strengthening the association through capacity building, constructive engagement and adherence to ethical standards, stressing that responsible journalism remains critical to transparency, accountability and sustainable growth in Nigeria’s maritime industry and the nation’s blue economy aspirations.

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Maritime Agencies

MARAN President, Oluyinka Onigbinde, Bags ‘Maritime Reporter of the Year’ Award.

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‎By Izuchukwu Ozoemena





‎In recognition of his outstanding contributions to maritime journalism,  consistency in reporting and commitment to promoting informed discourse on Nigeria’s maritime and transport sectors, Oluyinka Onigbinde, President, Maritime Reporters’ Association of Nigeria (MARAN) has been honoured as Maritime Reporter of the Year, 2026.

‎The investiture took place during the 12th Nigerian Transport Lecture and Awards event organized by Transport Day Media.

‎The annual Nigerian Transport Lecture, is one of the country’s foremost gatherings of policymakers, regulators, transport operators, academics and journalists, where critical issues affecting the transport industry are examined and excellence within the sector is celebrated.

‎This year’s lecture on the theme “Intermodal Transportation Safety in Nigeria: Prospects, Challenges and Contributions to National Growth,” featured a keynote address by former Corps Marshal of the Federal Road Safety Corps (FRSC), Dr. Boboye Oyeyemi, who called for stronger measures to improve safety across Nigeria’s transportation system.

‎Onigbinde’s emergence as Maritime Reporter of the Year was widely applauded by industry stakeholders, who described the award as a fitting recognition of his years of dedication to objective, investigative and impactful maritime journalism.

‎Over the years, Onigbinde has built a reputation for in-depth reports, policy analyses, exclusive interviews and balanced coverage of Nigeria’s ports, shipping, customs administration, freight forwarding, logistics and the blue economy.

‎Aside his role as Assistant Editor of Shipping Position Daily, Onigbinde recently assumed office as President of MARAN where he has pledged to promote professionalism, strengthen collaboration between the media and maritime stakeholders, and advance credible, ethical maritime journalism in Nigeria.

‎Speaking shortly after receiving the award, Onigbinde expressed appreciation to the organisers for the recognition, describing it as both humbling and motivating.

‎He dedicated the award to members of MARAN, his colleagues at Shipping Position Daily, his mentors, industry stakeholders and everyone who has supported his journalism career over the years.

‎The recognition, he stated, serves as a renewed challenge to continue pursuing factual, balanced and impactful journalism that contributes to the growth and development of Nigeria’s maritime and transport sectors.

‎He also reaffirmed his commitment to upholding the highest ethical standards and supporting initiatives aimed at improving efficiency, transparency safety and sustainable development within the nation’s maritime industry.

‎The latest recognition adds to the growing list of honours received by Onigbinde for his contributions to maritime journalism and comes at a time when he is leading MARAN with a vision centred on professionalism, capacity building and constructive engagement with stakeholders across the maritime industry.

‎The Transport Day Media Awards are regarded as one of the transport sector’s notable platforms for recognising individuals and organisations whose work have significantly advanced Nigeria’s transport ecosystem through policy, innovation, advocacy, operational excellence and media coverage.

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Maritime Agencies

APAPA CUSTOMS’ Intelligence-led Operations Yield Massive Seizure of Cannabis Sativa, other Contrabands.

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‎By Izuchukwu Ozoemena





‎In a significant demonstration of the ability to detect and dismantle sophisticated smuggling networks striving to exploit Nigeria’s maritime entry points for illicit activities, the Apapa Command of the Nigeria Customs Service, in collaboration with the National Drug Law Enforcement Agency (NDLEA), Monday, intercepted a large consignment of cannabis sativa otherwise called ‘Canadian Loud’.

‎Recovered were 3,639 sachets of the illicit
‎substance, with each sachet weighing 500 grams. This brings the total weight to approximately 1,819 kilograms (1.81 as confirmed by preliminary field tests which yielded positive results for Cannabis Sativa.

‎The Command’s image maker, Chief Superintendent of Customs Isah Sulaiman stated this in a release on behalf of the Customs Area Controller, Comptroller Emmanuel Oshoba .


‎Through her intelligence-driven monitoring, CSC Sulaiman explained, officers of the Command, working in liaison with sister agencies, successfully nabbed the drugs cleverly concealed inside a black Toyota Nissan vehicle, a Toyota Sienna, along with several bags and drums loaded inside a container with number CAAU7569127.

‎”In a related development, the Command intercepted 2 x 40FT containers loaded with expired pharmaceutical products illegally imported into the country. Physical examination revealed that the pharmaceutical products have varied expiry dates of 2021, 2022 and 2023 which the importers planned to relabel  and reintroduce into the Nigerian market, posing serious health risks to unsuspecting consumers.”

‎”The 1 x 40FT with number PCIU8771576 contained expired pharmaceuticals including Cidoxilin Capsules, Cynamine Vitamin B12 Injection and Becoline B-Complex Injection while 1 x 40FT container with number MRKU4961275 contained various expired medical products such as Oxytocin Injection, Mexclor Eye Drops, Avomex Tablets, Carbamazepine Tablets, Silymarin Tablets, Nystatin Tablets, Hyoscine Butylbromide Tablets.”

‎The seized items have a combined Duty Paid Value (DPV) of ₦12,784,479,341.72k only.

‎The  substantial seizure, the Command explained, highlights the scale of the attempted economic sabotage and underscores the unwavering commitment of the Nigeria Customs Service to protect national security, public health and the Nigerian economy through intelligence-driven enforcement operations.

‎Commenting on the seizures, the Customs Area Controller (CAC), Apapa Area Command, Comptroller Emmanuel Oshoba warned unpatriotic importers and their collaborators who deliberately engage in smuggling, drug trafficking and the importation of expired pharmaceuticals, declaring them as enemies of Nigeria’s progress.

‎”We have the intelligence, the technology and the resolve to identify and apprehend them. Anyone still contemplating these criminal acts should immediately desist because the consequences will be swift, decisive and uncompromising. Apapa Port will not be used as a conduit for economic sabotage and public health endangerment,” the CAC warned.

‎Assuring that Apapa Port and all Customs-controlled areas remain under constant surveillance, he further warned that the entire officers of the Command remain resolute in protecting the Nigerian economy, safeguarding public health and preventing criminal exploitation of the nation’s borders.

‎The CAC restated the Command’s commitment to intensify intelligence-driven operations in order to protect lives, secure legitimate trade and uphold national security.


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