Akwa Ibom Oil and Gas Professionals have been assured of the commitment of the state government to harnessing the potentials of the blue economy and the extensive maritime development. The Commissioner for Special Duties and Ibom Deep Sea Port, Comrade Ini Ememobong, reiterated the commitment of the state government to harnessing the potentials when he hosted members of the Akwa Ibom Oil and Gas Professionals to a courtesy call in his office. He said the recent commissioning of the Shore Protections project and development of Shore lines in Oron, was a demonstration of Governor Umo Eno’s dedication to maritime development, emphasising that the action would bring greater focus on maritime transport and recreation in the area.
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The Leadership of the Shipping Association of Nigeria, SAN, has raised concerns over the high cost of doing business in Nigerian ports, warning that it is driving cargo traffic to smaller neighboring countries. Speaking to Newsmen at the weekend at the Lagos Yacht Club, Alabi stated that excessive port charges and high vessel berthing costs are making Nigerian ports unattractive compared to ports in Cotonou and Lomé, where fees are significantly lower. Citing a 2024 report by NPS Meridian Port Services Limited, she highlighted that Ghana’s Tema Port, with its dedicated container terminal, handles 1.9 million TEUs annually, compared to Nigeria’s 1.2 million TEUs.
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The Minister of Marine and Blue Economy, Adegboyega Oyetola, has expressed concern over Nigeria’s minimal contribution to the global fleet, which stands at less than two percent. He emphasized that this heavy reliance on imports from other regions complicates the transition to near-zero emissions for the shipping sector, a challenge Nigeria must confront. Speaking at the opening of the Africa Strategic Summit on Shipping Decarbonisation in Abuja, Oyetola highlighted that the global shipping industry is at a crucial turning point. The International Maritime Organisation (IMO) is set to finalize and adopt the policy framework on the Revised Greenhouse Gas (GHG) Emissions Reduction Strategy and the Basket of Midterm Measures by this autumn.
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Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola has called on maritime industry stakeholders across Africa to leverage the continent’s renewable energy potential to become a global leader in green shipping. The Minister made the remark at the maiden Africa Strategic Summit on Shipping Decarbonization, held in Abuja. He stated that, with the International Maritime Organization (IMO) advancing efforts to adopt the Greenhouse Gas (GHG) Emissions Reduction Strategy, Africa must assert its presence and safeguard its interests. Similarly, Dr. Dayo Mobereola, Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), emphasized that Africa must prioritise sustainable and responsible maritime practices in line with international frameworks as the continent develops.
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Dangote Refinery has announced the suspension of the sale of petroleum products to domestic market in Naira. This follows the failure of the Federal Government to renew the crude-for-Naira deal the company had with Nigerian National Petroleum Company Limited (NNPCL). The refinery, in a statement said: “Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in Naira. This decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in U.S. dollars. “To date, our sales of petroleum products in Naira have exceeded the value of Naira-denominated crude we have received. As a result, we must temporarily adjust our sales currency to align with our crude procurement currency.
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APM Terminals Apapa has engaged the agricultural commodities importers and exporters to better understand their logistics challenges and needs and share the benefits of the Apapa-Moniya rail connection. Announcing this in a statement, the terminal operator added that it also engaged the Oyo State Government through one of the special advisers to the governor, Tilewa Folami. The terminal explained that the journey began with a rail trip from Ebute-Metta to Moniya, followed by an assessment of the Moniya rail terminal. Speaking during the event, the terminal manager of APMT, Apapa, Steen Knudsen, stated that the vision behind the Apapa-Moniya rail product launch is to open Nigeria’s hinterland, making it easily accessible to international trade.
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