Maritime Agencies
Information Minister Highlights President Tinubu’s Achievements, says 2025 Is A Year of Consolidation.
By Izuchukwu Ozoemena
For President Bola Ahmed Tinubu’s administration, 2025 is a pivotal year to consolidate and build upon the significant achievements recorded in the first 19 months of governance.
Information and National Orientation Minister, Muhammed Idris, made the declaration in Abuja during a ministerial briefing to highlight the President’s achievements so far.
According to a release by Henshaw Ogubike, Director, Public Communication and National Orientation, Federal Ministry of Information and National Orientation, the Minister emphasized the importance of reflecting on the accomplishments as the administration approaches its mid-term.
“This inaugural briefing for 2025 serves as a reminder of our progress and the context in which these gains are being realized,” the Minister stated.
Key areas of achievement under President Bola Ahmed Tinubu’s leadership, Minister Idris outlined include fiscal, macroeconomic, and legislative reforms. Others are fuel subsidy removal which he termed a strategic move which has plugged financial leakages amounting to hundreds of billions of Naira annually.
Others achievements are in the area of foreign exchange transparency and stability which has led to the introduction of the Electronic Foreign Exchange Matching System (EFEMS). This has resulted to unprecedented stability in the FX market, clearing billions of dollars in backlogs and boosting foreign investment. The Naira recently reached an eight-month high in the official market, the Minister recalled.
In oil and gas reforms, the Minister said that in 2024, Nigeria became the most attractive destination for oil and gas investments in Africa, securing over $5 billion in Final Investment Decisions (FIDs) even as the Electricity Act of 2024 provides a framework for state governments to establish regulated electricity markets, following a constitutional amendment.
On Local Government Autonomy, a landmark Supreme Court ruling in July 2024 empowered local governments with unprecedented financial autonomy, with an Inter-Ministerial Committee established to ensure compliance.
Speaking on Targeted Interventions, especially concerning Students’ Loan Fund, Minister Idris said over 169,000 students have benefited from NELFUND, receiving N32.8 billion for school fees and upkeep while new Development Commissions have been established for the North-Central, South-East, and North-West regions alongside the creation of a Federal University of Environmental Technology.
The Federal Executive Council, he disclosed, recently approved $1.07 billion from the World Bank for health programs including targeted subsidies for cancer patients.
While a backlog of over 200,000 international passports were cleared within three weeks in 2024,
an investment of over $450 million has been made to develop Nigeria’s CNG value chain.
He announced that in the area of infrastructure development, under President Tinubu’s leadership, Nigeria has become a hub of construction activity. Recent approvals from the Federal Executive Council include over 2.5 trillion Naira for various road projects. These include N1.334 trillion for the Lagos-Calabar Coastal Highway, N470.9 billion for access roads to the Second Niger Bridge and N195 billion for the Lagos-Ibadan Expressway reconstruction.
On Defence and Security, he announced that in 2024, security forces neutralized over 8,000 terrorists and bandits, rescued 8,000 kidnap victims, and established a Multi-Agency Anti-Kidnap Fusion Cell in collaboration with the UK’s National Crime Agency.
A Ministry of Livestock Development was established in 2024 to tap into a multi-billion-dollar agricultural opportunity, contributing to significant drops in grain prices.
On December 18, 2024, President Tinubu presented a proposed budget of N49.7 trillion, later increased to N54.2 trillion due to additional revenue projections. The budget, termed the “Budget of Restoration,” prioritizes Security (N4.91 trillion), Infrastructure (N4.06 trillion), Education (N3.52 trillion) and Health (N2.48 trillion).
Minister Idris reaffirmed that President Tinubu’s bold initiatives are fostering greater fiscal capacity, a reformed tax regime, and improved living standards for Nigerians through various support programmes.
“We are witnessing a transformative era where hope is being renewed for all Nigerians regardless of age or gender, across the nation,” he concluded.
Maritime Agencies
NEW YEAR CELEBRATION: MARAN Appreciates Stakeholders, Requests Greater Support and Collaboration in 2026.
By Izuchukwu Ozoemena
As Nigeria joins the rest of the world to celebrate a brand new year, the pioneer maritime journalists’ group, the Maritime Reporters Association of Nigeria (MARAN), has implored the entire business community, especially maritime industry stakeholders, to join the association afresh in advancing the cause of the industry to ensure more impact and relevance in the national economy in the new year and beyond.
In a New Year message, MARAN Chairman, Mr. Tunde Ayodele described 2026 as a “year of greater impact,” stressing the need for improved service delivery and more robust maritime reportage to support national development.
According to him, the collective efforts of stakeholders in the outgoing year contributed positively to the growth of the maritime sector, urging all parties to sustain the spirit of unity and collaboration in the new year.
“United, we can make Nigeria proud by contributing our quota to national development, each from our own little corner,” the MARAN chairman said.
Ayodele reaffirmed MARAN’s readiness to collaborate with organisations and institutions across the maritime value chain, noting that such partnerships are crucial to making Nigeria’s maritime space one that is admired and celebrated.
He expressed appreciation for the cooperation and support extended to the association throughout 2025 and called for renewed commitment in the year ahead.
“Thank you for your cooperation and support in 2025. Let us do it again in 2026,” he added.
Maritime Agencies
NIGER DELTA SECURITY : Tantita Arrests 4 Oil Thieves, Nabs Vessel .
By Izuchukwu Ozoemena
In the ongoing efforts to thwart economic sabotage in the Niger Delta, Tantita Security Services Ltd, the firm engaged in pipeline surveillance operations in the oil -rich region, has nabbed four suspected oil thieves, intercepting their vessel named MT Thor. Suspects are to undergo trial for economic sabotage .
Speaking at the handover of the suspects at Koko Port, Tantita’s Executive Director of Operations, Capt Warredi Enisouh, said the suspects were apprehended with an unspecified quantity of suspected illegally-sourced petroleum products aboard the vessel.
The interception occurred on 15 December 2025, around the Koko–Excravos axis of Delta State, says a situation report made available by the Special Prosecution Team (SPT) of the Inter-Agency Task Force on Petroleum Product Theft.
The report stated that Tantita alerted the Head of Investigation of the SPT after intercepting MT Thor, allegedly laden with crude oil obtained through illicit means.
It was further alleged that the vessel was being escorted by personnel of the Police Marine Unit, Delta State, who reportedly claimed they were acting on directives from the Force Intelligence Department (FID), Abuja.
Preliminary investigations by law enforcement agencies revealed that the vessel, now classified as an exhibit in an ongoing criminal investigation, is linked to a jetty operated by Ebenco Global Services Limited. Investigation officers disclosed that documents and correspondence connected to the jetty were obtained and are currently under review.
“The owner of the jetty, Mr. Ebenezer, was contacted by investigators and reportedly provided additional documents, including court orders, which are also being analysed as part of the investigation.
“On December 16, a joint investigation team led by the Head of Investigation of the SPT conducted a Joint Inspection Visit in Koko. The team first met at Tantita’s corporate headquarters in Warri for a briefing, which was also attended by the jetty owner.
“During the inspection, investigators attempted to obtain samples from MT Thor but were unable to do so immediately as the vessel had not yet arrived at the jetty, having been towed from an earlier location by security operatives.
“While awaiting the vessel’s arrival, the team inspected other containers suspected to be carrying crude oil within the premises of Ebenco Global Links Limited, where samples were taken from a storage barge.
“MT Thor eventually berthed at about 8:30 p.m. on 16 December, prompting the joint team to adjourn sampling and other procedures until the following day. As of 17 December 2025, investigators were reported to be en route to Koko to continue sample collection and complete investigation formalities,” the report read.
Receiving the suspects, the Head of the Special Prosecution Team of the Inter-Agency Task Force, Omar Sini, reaffirmed the Federal Government’s resolve to dismantle crude oil theft networks in the Niger Delta, assuring that all findings would be thoroughly examined and prosecuted in line with the law.
Customs
Tincan Customs Achieves N51.8Bn Surplus Above 2025 Revenue Target
By Izuchukwu Ozoemena
Seven days to the end of 2025, the Tincan Port Command of the Nigeria Customs Service has comfortably met her revenue target for the year, exceeding same by over N51.8 billion.
The Customs Area Controller, Comptroller Frank Onyeka who stated this in Lagos, Wednesday, announced that the Command generated a total of ₦1.576 trillion in revenue, surpassing its assigned target of ₦1.524 trillion by about ₦51.84 billion.
The performance which he described as remarkable came about following the decision of his officers and men to be on the path of discipline, professionalism and unwavering commitment to trade rules and regulations.
Other enhancers of the achievement, he explained, included the strict implementation of deliberate reforms, improved operational efficiency and a strong sense of collective responsibility.
He said that major contributors to the increased revenue in the year included bulk cargo, general merchandise and imported ‘tokunboh’ vehicles. Strict cargo examination procedures and full compliance with customs regulations ensured accurate assessment and collection of expected revenue.
The Command employed conscious efforts to eliminate revenue leakages and operational inefficiency even as multiple and unnecessary alerts were substantially curtailed by adopting a streamlined alert management and enhanced internal coordination.
“This strategy improved operational efficiency without compromising effective customs control”, the CAC disclosed.
Commending the role of stakeholders engagement in the realization of the annual revenue, Onyeka recalled regular interaction with importers, licensed customs agents, terminal operators and shipping companies.
Diligent enforcement coupled with intelligence-driven operations also resulted in massive seizure of prohibited and undeclared goods.
“These seizures reflect our determination to facilitate trade while safeguarding national security, public safety, and economic integrity”, he remarked.
He assured that the Command is ever ready to sustain and improve on the 2025 revenue performance and compliance enforcement. All revenue due to the federal government will be properly assessed, collected and remitted at all times.
The Tin Can Island Port Customs boss expressed appreciation to the Comptroller General of Customs, Dr. Adewale Adeniyi for his strategic leadership and institutional support, noting that the Command’s success aligns with the Service’s ongoing reform and modernisation agenda.
He also commended stakeholders for their cooperation and commitment to improved compliance and adherence to extant rules.
“As we progress, the Command remains focused on consolidating these gains, deepening transparency, and contributing meaningfully to the federal government’s fiscal objectives”, Onyeka stated.
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