NEWS
Maritime Regulation: Stakeholders, Others Give Nod To Amendment Of NIMASA Act
Amendment Bill Aimed To Improve Agency Efficiency- Gbajabiamila.
…as FMOT Moves Against 12% NIMASA Revenue to Maritime University
Speaker of the House of Representatives, Honorable Femi Gbajabiamila Tuesday announced that the 9thAssembly embarked on the Amendment of the NIMASA Act 2007 and the Cabotage Act 2003 due to the need to improve the regulatory instruments in the Nigerian maritime sector to meet the need of current realities.
Honourable Gbajabiamila stated this while declaring open the two days public hearing by the House Committee on Maritime Safety Education and Administration on the Merchant Shipping Act, Repeal and Enactment Bill 2021, Nigerian Maritime Administration and Safety Agency Act Repeal & Enactment Bill 2021, Coastal & Inland Cabotage Amendment Bill 2020.
The Speaker noted the need for appropriate regulation of the Nigerian maritime industry in tune with the realities of the times to ensure maximum utilization of the nation’s maritime sector.
On her part, Chairman House Committee on Maritime Safety Education and Administration Honorable Linda Ikpeazu said the public hearing was to ensure that the decision of the Legislature regarding the Bills are taken from a well-informed position premised on submissions from maritime stakeholders from all aspects of the industry.
She said: “It is common knowledge that the maritime sector is a foundation and catalyst to the growth of nations that possess marine endowments. Nigeria, by any standard, is well endowed by ocean coastline, rivers, and rich marine biodiversity.
“Not only are we focused on making the maritime sector a key alternative source of revenue and economic growth to our dwindling oil resources, we are also poised to develop a prosperous blue economy for our nation, akin to similar success in the maritime nation around the world.
In his submission, the Honorable Minister of Transportation, Hon. Rotimi Amaechi, commended the National Assembly for embarking on the review of the Laws governing the maritime sector noting that the new NIMASA Bill under consideration, will enhance the capacity of the Agency to effectively regulate the Nigerian maritime industry in line with international best practices.
The Minister who was represented by the Director, Legal Service of the Ministry, Paul Oteh, however, expressed reservations about the Agency funding the Nigerian Maritime University Okerenkoko. “The ministry does not support 12% of NIMASA revenue going to the University. The proposal, in our view, also does not recognize the fact that the university, like other public institutions under the supervision of the NUC and the Federal Ministry of Education, is ordinarily entitled to public funds as may be appropriated by the National Assembly on an annual basis.” The Director-General of NIMASA, Dr Bashir Jamoh, was represented by the Agency’s Executive Director Maritime Labour and Cabotage Services, Eng. Victor Ochei adopted the position of the Honorable Minister as NIMASA’s position.
The Nigerian Navy, on its own, supported the amendment of the NIMASA act, urging the National Assembly, to look critically at the security component of the bill to ensure that the relationship between the two agencies is enhanced.
The Chief of Naval Staff, Awwal Gambo, who applauded the initiative, said it will improve NIMASA’s institutional capacity and enhance maritime Administration in Nigeria.
Gambo who was represented by Rear Admiral Solomon Agada, said, “the provision of a separate section on marine casualty and the proposed establishment of a Maritime Accident Investigation Unit, will improve compliance with extant regulations, such as the international regulations for preventing collision at sea, 1972 and thus enhanced Maritime safety.”
The Shipowners Association of Nigeria (SOAN), Nigerian Chamber of Shipping, WISTA, CIOTA Nigerian Welfare Board, National Association of Master Mariners amongst others were stakeholders who made presentations supporting the proposed amendments to the two Acts of the National Assembly under consideration.
NEWS
N1.7trn Loan: Atiku Blames NASS For Worsening Nigeria’s Debt Burden
Former Vice President, Atiku Abubakar has criticized the federal government’s plan to secure an additional N1.7 trillion loan through Eurobonds to cover a shortfall in the 2024 budget, describing the borrowing as unsustainable and harmful to Nigeria’s economy.
In a statement shared on Thursday via his X (formerly Twitter) handle, Atiku accused the Bola Tinubu-led administration of burdening Nigerians with debt while failing to provide clear answers about the country’s fiscal challenges.
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He also faulted the National Assembly for enabling what he called a “voracious appetite” for loans.
The former Peoples Democratic Party (PDP) presidential candidate expressed alarm over a recent World Bank report ranking Nigeria as the third most indebted country to the International Development Association (IDA), calling the development troubling.
“The recent report released by the World Bank, showing Nigeria as the third most indebted country to the International Development Association (IDA), is very concerning,” Atiku stated.
He raised further concerns about the government’s decision to benchmark the proposed loan at an exchange rate of 1 USD to N800, despite the Central Bank of Nigeria’s official rate being over N1,600.
“What makes this particular loan proposal even more concerning is that it is benchmarked at the exchange rate of 1 USD to N800, whereas the current exchange rate from the Central Bank of Nigeria stands at over N1,600 to 1 USD,” he said.
Atiku questioned the need for additional borrowing, given the government’s earlier claims of record-high revenue collection.
“In July this year, Tinubu boasted that the FIRS and Customs under his watch had collected all-time high revenues to finance the budget. Why are they still borrowing?” he said
He accused the government of a lack of transparency, describing the borrowing spree as detrimental to Nigerians already struggling under economic hardship.
“There is something that they are not telling Nigerians, even as they are being crushed by a combination of their failed trial-and-error policies and loan rackets.”
Atiku also referenced a report by BudgIT, a budget monitoring group, which criticized the 2024 budget for its inefficiencies.
He alleged that corruption, rather than infrastructure or development needs, was driving the government’s borrowing decisions.
“These loans are powered by corruption and not for infrastructure and development needs. This voracious appetite for humongous loans is deeply concerning,” he said.
Reflecting on Nigeria’s financial history, Atiku lamented the return to significant foreign indebtedness just years after former President Olusegun Obasanjo’s administration cleared the country’s debt.
“It is agonizing to see that just a few years after the Obasanjo administration took us out of foreign indebtedness, we are today back at the top spot in the same conundrum,” he stated.
He called for a more cautious approach to borrowing, urging the government to prioritize fiscal responsibility and transparency to avoid worsening Nigeria’s economic challenges.
International News
ICC Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Others
The International Criminal Court (ICC) has taken a historic step, issuing arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.
The charges include crimes against humanity and war crimes allegedly committed during Israel’s recent assault on Gaza.
In a detailed statement, the ICC accused the Israeli leaders of “intentionally and knowingly depriving the civilian population in Gaza of objects indispensable to their survival, including food, water, and medicine and medical supplies, as well as fuel and electricity.”
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The ICC’s move marks a significant escalation in international scrutiny of the Israeli-Palestinian conflict. Netanyahu and Gallant are alleged to have orchestrated policies that caused severe harm to the civilian population in Gaza, leading to widespread condemnation from human rights organizations.
Alongside the charges against Israeli officials, the ICC also issued an arrest warrant for Hamas military commander Mohammed Deif. Deif has long been a central figure in Hamas’s military operations. Israel’s military claims to have killed him in a July airstrike, although this has not been independently verified.
The warrants highlight growing calls for accountability amid the ongoing conflict in the region. The ICC’s actions are likely to provoke heated debate and may complicate diplomatic efforts aimed at resolving the crisis.
With the warrants issued, global attention now turns to how the international community will respond and whether any practical steps will be taken to enforce them.
NEWS
Edo State Governor Sets Up Committee To Recover Missing Gov’t Vehicles
Governor Monday Okpebholo of Edo State has inaugurated a 12-member committee tasked with recovering government vehicles reportedly in private hands.
The committee, led by Kelly Okungbowa, has been given a two-week mandate to retrieve the vehicles and ensure their return to the state government.
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Speaking during the inauguration ceremony in Benin City, Governor Okpebholo emphasized the importance of accountability in the management of public resources.
He urged the committee to carry out its assignment thoroughly and within the bounds of the law.
In his response, Okungbowa expressed gratitude to the governor for entrusting the team with the assignment, vowing to deliver results within the stipulated timeframe.
“A lot of vehicles used by the past administration are missing, as those in custody of the vehicles have refused to return them,” Okungbowa said.
“The governor deemed it fit to inaugurate us today with a mandate to recover all government vehicles in private hands.”
The committee, which includes representatives from Edo’s three senatorial districts, is set to investigate and recover the vehicles based on credible intelligence already at their disposal.
“We already have vital information regarding some persons still holding government vehicles,” Okungbowa stated. “We will do the job according to the law, and both the government and the people will be satisfied with the outcome.”
He also called on members of the public to assist the committee by providing information about any government vehicles that may still be in private possession.
“We want to appeal to members of the public who might be aware of anyone still keeping government vehicles in their houses to please inform us to enable the committee to recover such for the Edo State Government,” Okungbowa said.
The committee’s vice chairman, Rt. Hon. Victor Edoror, a former Speaker of the Edo State House of Assembly, will work alongside other members to ensure the success of the initiative. The public can reach the committee at 08110165121.