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
Suspend Charges Review, Engage Stakeholders, Shippers’ Council Tasks Shipping Companies
By Izuchukwu Ozoemena
All shipping companies, shipping agents, and terminals operating within Nigerian ports have been given marching orders to suspend and discontinue the implementation of any review or upward adjustment of their charges until they have fully engaged their stakeholders.
This is contained in a release by Rebecca Adamu, Head of Public Relations of the Nigerian Shippers’ Council, Nigeria’s Ports Economic Regulator.
The Nigerian Shippers’ Council clarifies that the recent adjustment was approved strictly in accordance with her statutory mandate as the Port Economic Regulator in which case all tariff reviews were conducted in a transparent, structured, and well-defined regulatory process.
”These processes included detailed technical and consultative engagement with affected service providers aimed at examining the cost drivers, operational realities, investment obligations and regulatory compliance.”
”The engagements did not constitute automatic approvals; rather, they informed a broader evaluative process. Final determinations were reached only after rigorous internal, technical, and financial assessments guided by empirical evidence, regulatory benchmarks, and prevailing economic conditions.”
”Notwithstanding, shipping companies, agents, and terminal operators are hereby directed to suspend any intended review of charges until they have duly consulted and engaged their stakeholders. As the Port Economic Regulator, the Nigerian Shippers’ Council will wield the big stick against any port service providers disrupting port operations”, the statement warned.
The Council emphasised that transparency, fairness, and stakeholder participation are fundamental principles underpinning port economic regulation in Nigeria.
The Executive Secretary/Chief Executive Officer of the Council, Dr. Pius Akutah (MON), further warned that the Council is empowered under its regulatory mandate to apply appropriate sanctions against defaulting operators, including enforcement measures provided for under relevant regulatory frameworks. He encourages constructive engagement, dialogue, and compliance.
Any service provider that proceeds with charge reviews without stakeholders’ engagement should be prepared to face decisive regulatory action.
He assured that the Nigerian Shippers’ Council remains committed to protecting the interests of port users, promoting fair competition and ensuring a balanced and predictable business environment within the Nigerian maritime industry.
Customs
FG Inaugurates Nigerian Shippers’ Council Board, Highlights Need for Reduced Port Costs, Fair Pricing.
By Izuchukwu Ozoemena
The inauguration of a new Board for the Nigerian Shippers’ Council, Monday, sets a clear reform agenda for Nigerian seaports as reduced port costs and fair pricing now take centre stage.
Dr Bolaji Akinola, Special Assistant (Media and Publicity) to the Minister of Marine and Blue Economy, stated this in a statement.
At the event, Minister of Marine and Blue Economy, Alhaji Adegboyega Oyetola charged the Board to focus on improving accountability in operations, reduced cost of doing business and strengthened regulation processes across the shipping sector.
The reconstitution of the Council’s governing structure, he stated, follows the resolve of President Bola Ahmed Tinubu to ensure that good governance and repositioning of the Marine and Blue Economy should serve as a key engine of national economic growth under the Renewed Hope Agenda.
Oyetola reminded the Board that as Nigeria’s Port Economic Regulator, the Shippers’ Council is central in efforts to achieve efficiency, transparency and fairness in port charges and service delivery.
Robust economic regulation, the Minister maintained, is critical to lowering trade costs, protecting shippers and improving Nigeria’s competitiveness within the sub-region and beyond.
The Minister urged Board members to provide firm strategic leadership and effective oversight, insisting that regulatory decisions must translate into measurable outcomes, including improved port efficiency, fair pricing, and enhanced trade facilitation.
He called for seamless collaboration between the Board and the Council’s management, while assuring members of the Ministry’s full support in delivering their mandate.
Dr Ibrahim Shema, former Governor of Katsina State, is the Chair of the newly -inaugurated Board. Other members are Dr. Pius Akutah, MON, Executive Secretary/ Chief Executive Officer of the Council; Dr. Emi Membere-Otaji (NACCIMA); Mr. John Aluya (MAN); Rt. Hon. Chiji Collins and Mrs Olufunmilayo Olaseinde.
Others are Dr. Funmilola Rashidat Adeoti; Alhaji Mele Kofo Gladem; Mrs Hafsatu Mohammed (NNPCL); Hon. Maharazu Adamu Dayi; and Mrs. Uzoamaka Okereke from the Ministry of Marine and Blue Economy.
Speaking on behalf of the Board, Dr. Shema thanked President Tinubu for the opportunity to serve and commended the Minister for his leadership of the sector. He pledged that the Board would uphold professionalism and integrity while supporting reforms aimed at improving port performance, strengthening regulatory effectiveness, and delivering tangible benefits to shippers and the national economy.
NSC serves as Nigeria’s Port Economic Regulator, mandated to promote efficiency, transparency, competitiveness, and fairness in port operations, while safeguarding the interests of shippers and enhancing the country’s maritime trade environment.
Maritime Agencies
OIL FACILITIES PROTECTION: Tompolo’s Tantita Acquires High-Tech Drones From US Firm.
By Izuchukwu Ozoemena
Tantita Security Services Ltd (TSSL), the company in charge of security surveillance over oil and gas installations in Nigeria’s Niger Delta region, is in collaboration with Textron Systems Corporation, a United States–based defence and aerospace company, to supply her three advanced Aerosonde Mk. 4.7 Vertical Takeoff and Landing (VTOL) uncrewed aircraft systems (UAS).
TSSNL owned by Chief Government Ekpemupolo (popularly known as Tompolo) disclosed the business deal in her website publication of December 29, 2025. The drones will be delivered in a fully ITAR-Free configuration.
The Aerosonde Mk. 4.7 is designed to operate without runways, utilising hybrid quadrotor technology that enables vertical takeoff and landing, as well as fixed-wing flight.
The Aerosonde Mk. 4.7 VTOL UAS, Textron Systems says, is a mature, industry-proven autonomous platform known for its high reliability and operational flexibility. Its dual-mode capability allows it to operate seamlessly in complex and high-risk environments, making it well-suited for security operations within Nigeria’s oil and gas sector.
Giving further insight into the contract, Senior Vice President, Air, Land and Sea Systems at Textron Systems, David Phillips, said the deployment would significantly enhance Tantita’s operational capability.
”The Aerosonde Mk. 4.7 VTOL UAS is a proven solution that will enable Tantita Security Services to expand its capabilities to protect the oil and gas infrastructure essential to Nigerian security and prosperity,” he stated.
The Aerosonde platform has accumulated over 700,000 flight hours across some of the world’s most challenging operating environments, underscoring its reliability and performance.
Tantita Security Services is expected to deploy the systems to strengthen surveillance and protection of critical oil and gas assets across Nigeria.
The contract also includes options for operator training and the supply of additional aircraft to support future capability expansion. Textron Systems noted that the agreement builds on a previous Foreign Military Sale (FMS) contract to Nigeria, further highlighting its ongoing commitment to supporting Nigerian security operations.
Textron Systems is a global leader in uncrewed air, land and sea systems, with the Aerosonde family of UAS currently supporting international customers and operations aboard more than 10 U.S. Navy ships. The company is a subsidiary of Textron Inc. (NYSE: TXT), a diversified multinational with interests spanning aviation, defence, industrial manufacturing and finance.
With multiple payload configurations and comprehensive training and support services, the Aerosonde Mk. 4.7 VTOL UAS offers a versatile and efficient solution for security operations in demanding environments, reinforcing Tantita Security Services’ role in safeguarding Nigeria’s critical energy infrastructure.
Suspend Charges Review, Engage Stakeholders, Shippers’ Council Tasks Shipping Companies
FG Inaugurates Nigerian Shippers’ Council Board, Highlights Need for Reduced Port Costs, Fair Pricing.
OIL FACILITIES PROTECTION: Tompolo’s Tantita Acquires High-Tech Drones From US Firm.
NEW YEAR CELEBRATION: MARAN Appreciates Stakeholders, Requests Greater Support and Collaboration in 2026.
NIGER DELTA SECURITY : Tantita Arrests 4 Oil Thieves, Nabs Vessel .
Tincan Customs Achieves N51.8Bn Surplus Above 2025 Revenue Target
NSC Boss, Akutah, Speaks At Maritime Journalists’ Seminar, Harps on Developing Trends the Press Cannot Overlook.
NIGERIA’S IMO FEAT: NIMASA Hails Media Contributions, Seeks Support For Sustained Momentum.
OGUN 1 CUSTOMS: No Hiding Place for Smugglers, D.C.Afeni Pledges, Confiscates Exotic Cars, 2bn Worth of Contrabands in 11 Days.
Lekki Deepsea Port Set to Achieve Full Capacity Before Expectations, Deepens Barge Operations, among others.
FIGHT AGAINST FINANCIAL CRIMES: MMIA CAC Makes Huge Haul of Foreign Currencies, Hands Over To EFCC
WIKE AT 62: TSSL Celebrates Courage, Conviction and Unwavering Sense of Duty.
MARITIME SEMINAR FOR JUDGES: Group Urges Probe of Shippers’ Council Funds.
Industry Gurus Head To Badagry As BACCIMA, Portbizness Discuss Trans-Border International Trade.
OGUN 1 CUSTOMS: DC Oladapo Afeni Pledges Stronger Trade Facilitation, Border Security As He Becomes Acting CAC.
Shippers’ Council Boss, Akutah, Advocates Stronger Alternative Disputes Resolution, Bags Special Honours from NBA
1. EXECUTIVE PLATFORM. AMES 2024: TIME TO CHANGE GOVERNMENT ATTITUDE TOWARDS SHIPPING DEVELOPMENT IS NOW, AMES President Charges FG.
APFFLON Seeks Immediate Reform of CRFFN, Replacement of Registrar.
2023 ELECTIONS：CILT Hosts Seminar on Logistics & Electoral Process
OMIS AWARDS, 2022: Greg Ogbeifun, Industry Gurus For Special Recognition.
B’ODOGWU TRADE PORTAL: Customs Consolidates, Pilots Form ‘M’ Processing.
FG Set To Re-establish National Shipping Line, To Take Advantage of $10 bn Annual Ship Charter Market.
INLAND WATERWAYS OFFERS NIGERIA ALTERNATIVE REVENUE SOURCE, Says Sambo
WAR AGAINST OIL THEFT: Tompolo’s Company Nabs VLCC Laden With Crude Oil
MAN, ORON: It’s Encomiums Galore From International Seabed Authority (ISA).
Photo News: Salah Celebration
Sylvanus Ekpo, ex-Editor, Shipping World Magazine, loses Mum
PHOTO NEWS: Maritime Capacity Development
Lilypond Export Command Is Meeting Expectations, Handles 70% of Nigeria’s Total Tonnage of Export Cargo, says CAC Odusanya.
BENIN SEAPORT UPDATE: Edo State Government, Host Communities, Conduct Bidders To Inspect Project Site.
MAN, Oron, Kick-starts Simulator-based Training, Commends FG, NIMASA.
SIFAX GROUP: Ojeniyi Becomes Sky Capital GMD, Omajuwa Strategy Director.
-
Maritime Agencies2 weeks agoOIL FACILITIES PROTECTION: Tompolo’s Tantita Acquires High-Tech Drones From US Firm.
-
Maritime Agencies3 weeks agoNEW YEAR CELEBRATION: MARAN Appreciates Stakeholders, Requests Greater Support and Collaboration in 2026.
-
Maritime Agencies2 days agoSuspend Charges Review, Engage Stakeholders, Shippers’ Council Tasks Shipping Companies
-
Customs2 days agoFG Inaugurates Nigerian Shippers’ Council Board, Highlights Need for Reduced Port Costs, Fair Pricing.