Maritime
Customs lose N603bn revenue due to unfavourable govt. policies
LAGOS – Abdullahi Dikko, the Comptroller-General of the Nigerian Customs Service (NCS), said on Monday in Abuja that the agency lost about N603 billion in 2013 due to unfavourable government policies.
He said that the losses were incurred following waivers on petroleum products, revenue lost to manufacturers and assemblers, revenue concessioned to the Niger Delta Development Commission, import substitution and industrialisation.
Dikko made the disclosure when he appeared before the Senate Joint Committees on Finance and Appropriation monitoring the implementation of the 2013 budget, the News Agency of Nigeria (NAN) reports.
He explained that the sharp decline in the revenue collected by the agency during the year was caused by government policies which granted waivers and concessions on some imported and excisable goods.
He said that out of estimated revenue of N718 billion for the months of January to August, only N530 billion was collected by the agency, reflecting a shortfall of about N188 billion within the period.
He said that the Customs also lost N105 billion revenue from import duty as a result of the Federal Government’s ban on rice importation.
“If not for the government policies on waivers, import duty exemption, some imported goods and free trade zones that are being abused by traders, the Nigeria Customs Service would have collected about N600 billion more than the N530 billion it remitted as at the end of September this year.
“Under waivers and import duty exemption on NDDC’s imported equipment alone, the customs service lost N86 billion.
“About N264 billion was lost to waivers on petroleum products, N76 billion was lost to manufacturers and assemblers, among others,” he said.
Defending the government policies, Ngozi Okonjo-Iweala, the Minister of Finance and Coordinating Minister for the Economy, said the policies were introduced to help certain sectors to grow and generate jobs.
“We are aware of the sharp decline in revenue generation of the Customs Service in the current fiscal year; this is partly due to the government policies mentioned.
“But we are studying the whole situation to decide what other actions should be taken because we need to be sure that jobs intended to be created are commensurate to the revenues being lost,” she said.
The minister said that the 2014 budget would plug loopholes that caused shortfalls in the generation of oil and non-oil revenues.
Okonjo-Iweala proposed 74 dollars per barrel at 2.3 million barrels per day as the benchmark for the 2014 budget.
She said that the Federal Ministry of Finance had worked out strategies to plug wastages in non-oil revenue.
The minister told members of the committee that a total of N1.01 trillion had so far been released to the Ministries, Departments and Agencies (MDAs), out of the N1.05 trillion budgeted for capital expenditure in 2013.
She said that the balance of N400 billion would be disbursed to the MDAs before the year ran out.
– BUSINESS DAY
Maritime
Maritime Security: NIMASA, Nigerian Navy Renew Collaboration MoU
The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Navy have renewed their strategic partnership with the endorsement of a Memorandum of Understanding (MoU) to strengthen maritime security, enhance safety and deepen coordinated enforcement across Nigeria’s maritime domain.
The MoU was signed at the Nigerian Navy Headquarters, Abuja, by the Director General of NIMASA, Dr Dayo Mobereola, and the Chief of the Naval Staff, Vice Admiral Idi Abbas.
The renewed agreement marks a significant milestone in the longstanding relationship between both institutions and represents the first formal renewal of their partnership since the original MoU was signed in 2007.
The agreement provides a framework for enhanced collaboration in the promotion and maintenance of maritime security and the effective implementation of the Suppression of Piracy and Other Maritime Offences (SPOMO) Act, the International Ship and Port Facility Security (ISPS) Code and other relevant maritime laws and regulations within NIMASA’s mandate.
READ ALSO: NNPC/Shell Vision First Initiative Impact over 10,000
Speaking at the signing ceremony, the NIMASA Director General, Dr Dayo Mobereola, commended the commitment of the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, to strengthening inter-agency collaboration as a key driver of maritime security and the development of Nigeria’s Blue Economy.
He said the renewed MoU would provide a stronger institutional framework for both organisations to discharge their respective statutory mandates while consolidating the gains already recorded in securing Nigeria’s maritime domain. This he said will enhance achieving the goals of President Bola Tinubu GCFR for the Blue Economy.
According to him, the agreement is also designed to address emerging maritime security challenges through improved coordination, information sharing and operational cooperation.
“As we renew this partnership today, I urge our respective teams to ensure that the spirit of this agreement translates into practical and measurable outcomes,” Dr Mobereola said.
Dr Mobereola also expressed appreciation to the Chief of the Naval Staff and the Nigerian Navy for their continued support and commitment to the renewal of the partnership.
In his remarks, the Chief of the Naval Staff, Vice Admiral Idi Abbas, described the signing as a milestone in the enduring relationship between the Nigerian Navy and NIMASA.
He noted that the renewed MoU contained important additions aimed at strengthening the response to the evolving nature of maritime security challenges.
One of the key provisions, he said, is the integration of the Deep Blue Project into the collaborative framework, providing a stronger basis for cooperation between the Nigerian Navy’s Maritime Guard Command and the project.
He also highlighted the introduction of a joint reporting protocol for communication and information sharing during operations, which he said would facilitate timely decision-making and a more coordinated response to maritime incidents.
Vice Admiral Abbas further welcomed provisions for greater institutional engagement, including an annual conference to enhance collaboration, review progress and address emerging challenges.
“Whether we like it or not, the water is where we get whatever we are getting—our revenue, everything and even the trade we engage in, in large percentages, is done through the water. So this institution has to be very strong,” he said.
The renewed MoU is expected to deepen operational cooperation between NIMASA and the Nigerian Navy, particularly in maritime security, information sharing, coordinated responses to maritime incidents, enforcement of applicable maritime laws amongst others.
Maritime
Nigeria, Liberia Strengthen Regional Maritime Cooperation
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, has reaffirmed the Agency’s commitment to advancing regional maritime integration, cooperation and capacity development across Africa.
Mobereola made this known when he received the Honorary Consul of the Republic of Liberia in Lagos, Dapo Akinosun, at the Agency’s headquarters in Lagos.
The NIMASA DG described the meeting as a reflection of the longstanding and mutually beneficial relationship between Nigeria and Liberia, particularly within the maritime sector.
According to him, stronger collaboration among African nations remains critical to unlocking the continent’s maritime potential, strengthening the Blue Economy, and promoting sustainable regional growth of the continent.
On the significance of maritime cooperation, Mobereola said: “The time has come for African nations to upscale maritime collaboration. The partnership between Nigeria and Liberia will help us build capacity, strengthen regional cooperation, and create opportunities for African youths within the global maritime industry.
“We must collectively build maritime capacity beyond borders. Sea-time training and practical exposure will position Nigerian and African youths to compete effectively in the international maritime space.”
ALSO READ: Workers Suspend Strike at NUPRC
He also appreciated the Liberian Government for supporting Nigeria’s successful bid for the Category C seat of the International Maritime Organization (IMO), noting that both countries have sustained productive maritime relations over the years.
In his address, Akinosun stated that the visit was aimed at reinforcing the enduring relationship between Nigeria and Liberia while promoting stronger maritime cooperation between both countries.
The Envoy described the maritime sector as a key driver of economic growth, regional integration, and Blue Economy development, while commending the management of NIMASA for efforts towards repositioning Nigeria’s maritime industry for sustainable growth and investment.
“Nigeria has demonstrated genuine commitment to maritime partnership and regional growth. Liberia looks forward to deeper collaboration with NIMASA in maritime administration, safety, capacity development, and trade promotion for the advancement of Africa’s Blue Economy,” Akinosun said.
Business
Sahara Group expands fleet with new 40,000 cbm LPG Carrier
Modupe Asudo
Sahara Group, a leading global energy and infrastructure conglomerate, has commissioned MT Asharami Ghana, a 40,000‑cubic‑metre Liquefied Petroleum Gas (LPG) carrier, expanding its fleet capacity, while strengthening Ghana’s clean energy supply chain and LPG distribution network.
The dual‑fuel vessel improves operational efficiency, enhances supply reliability, and supports lower‑emission LPG logistics as consumption grows across Ghana and the wider sub‑region.
Speaking at the commissioning in Ulsan, South Korea, President John Dramani Mahama described the vessel as “a significant milestone in strengthening the infrastructure that underpins the global LPG supply chain,” noting that expanded shipping capacity is critical to improving supply security, reliability and efficiency for countries that rely partly on LPG imports.
He commended Sahara Group, WAGL Energy and all partners involved for their “leadership, technical expertise and strategic foresight,” adding that the project reflects “the power of partnership” in advancing safe, efficient, and responsible energy distribution.
President Mahama wished the MT Asharami Ghana safe sails, expressing confidence that the vessel would inspire further investment and collaboration across Africa’s energy value chain.
According to Wale Ajibade, Executive Director, Sahara Group, the vessel supports Ghana’s clean energy ambitions through integrated infrastructure.
“MT Asharami Ghana is more than a vessel; it is part of a deliberate strategy to strengthen LPG supply security and support Ghana’s clean energy ambitions. It secures an additional 25,000-Metric-tonne stock security for the Ghana economy, alongside the soon to be commissioned 6000-metric-tonee of 12.000-metric-tonne land storage in Tema,” he said.
With the addition of Asharami Ghana, Sahara Group’s LPG carrier fleet now comprises six delivered vessels with a combined capacity of 202,000 cubic metres. Supported by partnerships with WAGL Energy, NNPC Limited and other stakeholders, an additional 270,000 cubic metres of capacity is under construction and due for delivery by September 2028.
Temitope Shonubi, Executive Director, Sahara Group, said Asharami Ghana is part of Sahara’s integrated LPG infrastructure strategy spanning shipping, storage, and downstream distribution globally, including the development of a 12,000‑metric‑tonne land‑based LPG storage terminal in Tema, with a 6,000‑metric‑tonne first phase scheduled for completion in May 2026.
He thanked Yaa Serwaa Alifo, MD of Asharami Ghana, for her resilience and insistence to dedicate a ship of “this magnitude solely to the Ghana Market and its landlocked neighbours.”
Ghana is targeting LPG adoption of 50 per cent of households by 2030, up from about 30 per cent today. Sahara’s investments will support clean energy access for more than 35 million people, while strengthening Ghana’s role in regional LPG trade to neighbouring and landlocked West African markets.
The commissioning comes in Sahara Group’s 30th anniversary year, guided by the Sahara Beyond XXX milestone, underscoring Sahara’s focus on building an enduring enterprise that delivers responsible growth, shared prosperity and long‑term impact across its markets.






