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FEC approves N221.9 bn for construction of lekki deep sea port in Lagos

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ABUJA – The Federal Executive Council (FEC) on Wednesday in Abuja approved the signing of an agreement for the development of the Lekki deep sea port in Lagos State.

The Minister of Transport, Alhaji Idris Umar, stated this while briefing State House correspondents on the outcome of the weekly FEC meeting presided over by Vice-President Namadi Sambo.

He said the seaport project would be executed at the cost of 1.345 billion dollars (about N221.9 billion).

Umar said it would be executed through the Private-Public-Partnership arrangement, and has been concessioned to Messrs Lekki Ports LFTZ Enterprise for 45 years.

FEC approves N221.9 bn for construction of lekki deep sea port in LagosHe said 20 per cent is for the Federal Government in terms of the project’s equity shares, with 18.5 for the Lagos State Government and 61.5 for the private investors.

The minister said 800 million dollars out of the project cost would be funded through debt financing, while the balance would be contributed by equity.

He said the seaport when completed would give Nigeria its first deep sea port since independence and end congestion at the Apapa port.

“The economic benefits of this port to this country and to the economy of the country in particular need not to be over-emphasised.

“Not less than 9.3 billion dollars will be accrued to the (Nigeria Ports Authority) NPA, made up of 2.6 billion dollars from marine services and royalties and then 6.7 billion dollars’ share of profits from the investments.

“Other benefits that will accrue will be the ripple effects of operation of the port from Customs charges and other economic benefits which will not be less than 379 billion dollars over the period of 45 years.

“The ports will create jobs of not less than 162,000. It is therefore of immense benefit to the economy of this country. Therefore, that underscores the need for us to have this deep sea port.’’

The minister further stated that the port would automatically revert to the Federal Government at the end of the concession period.

Also speaking, the Minister of State for Works, Alhaji Bashir Yuguda, said FEC further approved about N30 billion for the construction/rehabilitation of some roads across the country.

He said the road projects were meant to fast track the development of infrastructure and boost socio-economic and agricultural activities.

“The projects include the construction of Kankara-Gurbi road in Katsina State at the cost of N1.4 billion and the construction/rehabilitation of Yashi-Duguri-Yalo Road in Bauchi State at the cost of N1.75 billion.

“Also, there is the construction of Isoko Ring Road in Delta at the cost of N2.1 billion and the Jarmai-Bashar Road in Plateau State at the cost of N1.38 billion.

“Others include the rehabilitation of Wukari/Akwana Road in Taraba at the cost of N3.97 billion, and the construction of Ajase/Offa/Erin-Ike/Osun State Boundary Road in Kwara at the cost of N1.24 billion.

“There is also the Takum-Dongawa Road and Katsina-Ala at the cost of N1 billion, and the rehabilitation of Amanwaozuzu-Uzoagba-Eziama-Orie-Amaohia road in Imo which will gulp N1.275 billion.

“The rest will see N1.48 billion being spent on the construction of River Ebba Bridge at Cheche, Katcha Local Government Area in Niger, and the construction of Bida-Sacci-Nupeko Road in Niger which will gulp N8.673 billion,’’ Yuguda said.

In his contribution, the Minister of Information, Mr Labaran Maku, told State House correspondents that the National Good Governance Tour would resume with a visit to Kaduna state on Saturday.

He also stated that the Minister of Sports, Malam Bolaji Abdullahi briefed the council on the forthcoming National Youth Games (NYG) billed to start this weekend in Abuja

– NAN

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Maritime

Maritime Stakeholders Back Bill For Nigeria Coast Guard At Public Hearing

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Read Farewell Address By Osun Governor, Mr. Gboyega Oyetola

 

Stakeholders and experts in Nigeria’s maritime sector have expressed support for the Coast Guard Bill before the National Assembly, with many describing the proposed legislation as a boost to the federal government’s efforts in securing the maritime space.

At a public hearing convened by the Senate Committee on Marine Transport to discuss the bill for the establishment of the Nigeria Coast Guard (NCG), stakeholders presented varying views, with the majority supporting the creation of the NCG.

The majority of presentations voiced strong support for the establishment of the Coast Guard, with notable endorsements from prominent figures including Dr. Olisa Agbakoba, SAN; Dr. Ade Dosunmu, MON, former Director General of NIMASA; Mrs. Jean Anishere, SAN, representing the Nigeria Bar Association; and Rear Admiral Ekwerre U. Ekwerre (Rtd), former Flag Officer Commanding the Training Command of the Nigerian Navy.

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Dr. Olisa Agbakoba described the bill as timely but emphasized the need for professional input to address certain concerns within the draft. He expressed his willingness to assist in this process. Dr. Ade Dosunmu offered full support for the bill, suggesting that the Nigerian Navy should focus on blue-water operations and national defense against external threats, while the Coast Guard should address maritime crimes and incidents along Nigeria’s extensive 855-kilometer coastline using more adaptable resources. He referenced successful maritime nations such as India, Singapore, China, the United States, Japan, Egypt, Morocco, and the United Arab Emirates, all of which have well-defined roles for both the Navy and Coast Guard.

However, Dr. Dosunmu cautioned against assigning functions such as hydrography and oceanographic research to the Coast Guard, as these responsibilities are already managed by other agencies, and incorporating them could divert focus from the Coast Guard’s primary mission.

Jean Anishere, SAN, articulated her support for the bill while highlighting certain ambiguities that must be resolved before it can be enacted. She pointed out specific provisions in the bill that require clarification and further refinement.

Retired Rear Admiral Ekwerre U. Ekwerre addressed concerns raised by the Nigerian Navy and advocated that the Navy should concentrate on defense, showcasing military strength, and conducting diplomatic operations within territorial waters and the Exclusive Economic Zone (EEZ). He asserted that the Coast Guard should be responsible for enforcing maritime laws in the nation’s inland waters.

In summary, while the majority of stakeholders endorsed the establishment of the Nigeria Coast Guard, they also called for careful consideration of the bill’s provisions to ensure clarity and effectiveness in its implementation.

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Maritime

How Innovative Financing Would Aid Africa’s Maritime Sector – NIMASA DG

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Innovative financing models have been identified as the vital catalyst for achieving sustainable development in the African Maritime industry.

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, made the declaration at the 7th Association of African Maritime Administrations (AAMA) conference in Dar es Salaam, Tanzania.

He assured attendees of Nigeria’s commitment to advancing a future where Africa’s maritime sector thrives sustainably.

In his words, “Nigeria is committed to collaborating on technology and innovation to enhance safety, security, decarbonization, and the marine environment for a sustainable future.”

According to him, the conference presents a pivotal opportunity to address our shared challenges, particularly those related to sustainable energy, regional security, and economic growth.

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“We are here to advocate for innovative financing models and international support that will facilitate sustainable growth. As Nigeria pursues infrastructure development and digital transformation within our maritime sector, we call on our regional and international partners to support these efforts through technical and financial backing.

“Our priorities at the AAMA conference include exploring collaborative avenues to enhance maritime safety and security. By reinforcing our adherence to frameworks like the Djibouti and Yaoundé Codes of Conduct, we aim to solidify Nigeria’s role in combating piracy and maritime crime across West Africa,” he stated.

The AAMA was established to lay a firm foundation for regular consultations, enabling African maritime administrations to build joint positions on issues of common concern in the maritime sector.

When Nigeria hosted the 3rd AAMA conference in 2017, a master plan was developed outlining the measures necessary to advance the maritime agenda as envisioned in the African Maritime Transport Charter. The Association has also created a platform to strengthen cooperation at the regional, continental, and international levels, harmonizing policies and goals essential for the growth of the African maritime sector.

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Oyetola Counts On Nat’l Marine and Blue Economy Policy To Chart New Course For Dev’t

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The Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola is of the view that a National Policy on Marine and Blue Economy is essential for the development of the Nigerian maritime sector.

Biztellers reports that Oyetola shared the view, on Tuesday, while declaring open a stakeholders’ validation session aimed at developing the National Policy on Marine and Blue Economy in Nigeria, in Lagos.

The former Osun State Governor emphasized that the National Policy will create a sustainable pathway for economic growth in fisheries, aquaculture, renewable energy, tourism, and seabed mining, while also ensuring environmental sustainability.

He further noted the need for a robust National Policy to address challenges in the sector, including environmental degradation and illegal activities such as Illegal, Unreported, and Unregulated (IUU) fishing.

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In his words, “A robust National Policy will ensure that we address these issues through a comprehensive framework that aligns with international best practices while safeguarding our marine resources for future generations.

“It is worth noting that Nigeria has achieved notable progress in maritime governance, including the ratification and domestication of international protocols and conventions. These measures have strengthened our safety and security framework, resulting in a remarkable three-year period with zero incidents of piracy in our waters. Nonetheless, the recurring boat mishaps underscore the pressing need for immediate action.

“This policy seeks to implement comprehensive strategies to ensure the safety of all waterways. However, challenges such as the recent spate of boat mishaps demand urgent attention. Consequently, this policy aims to establish comprehensive measures that will enhance safety across our waterways.

“As we develop this policy, the Ministry remains committed to repositioning Nigeria as a dominant player in the marine and blue economy, both regionally and globally. We are also pursuing Nigeria’s candidacy for election to Category C of the International Maritime Organization (IMO), which underscores our determination to strengthen our voice in global maritime governance”.

In his welcome address, the Permanent Secretary of the Ministry, Olufemi Oloruntola, noted that the validation workshop is a key step in shaping the National Policy on Marine and Blue Economy — a framework designed to address Nigeria’s specific needs and aspirations while embracing sustainable development principles. “It provides an opportunity for stakeholders to review, refine, and enrich the draft policy through a participatory and inclusive approach,” he said.

The draft policy, which consists of nine parts, offers an elaborate overview of our country’s marine and blue economic endowments and their current state. It affirms our mandate, vision, and mission, setting the stage for the policy’s objectives and aspirations. It further dissects these aspirations into five broad parts of legal and institutional framework; maritime transport, trade and shipping; fisheries and aquaculture; marine abiotic resources; and marine innovation and technology. It also identifies a range of cross-cutting issues and concludes with an assessment of stakeholders to support the implementation structure. Overall, it is a comprehensive document.

Also present at the event were the Chief Executive Officers of all the agencies under the Ministry, including Dr. Dayo Mobereola, Director General, Nigerian Maritime Administration and Safety Agency; Abubakar Dantsoho, Managing Director, Nigerian Ports Authority; Barrister Akutah Pius, Executive Secretary, Nigerian Shippers Council; and Bola Oyebamiji, Managing Director, National Inland Waterways Authority.

Other attendees included Funmi Folorunsho, President, African Shipowners Association; Engr. Greg Ogbeifun, Managing Director, Starz Marine; and the President, National Association of Stevedoring Companies, among other stakeholders.

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