Connect with us

Headlines

FG to disburse $350m cabotage funds, says DG NIMASA

Published

on

Baring any last minute change of decision, the Federal Government will this week disburse $350m cabotage funds with the inauguration of the special committee by the Minister of Finance, Budget and National Planning, as 11 banks have already been shortlisted for the purpose.

Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh gave the indication during a Presidential Media chat anchored by the Presidential Communications team at the State House, Abuja.

The Cabotage Vessel Financing Fund (CVFF) is an intervention fund specifically created to help develop indigenous shipping capacity in Nigeria.

Jamoh disclosed that 11 banks have so far been listed to disburse the fund, sourced from 2 per cent contribution by indigenous ship owners from every contract executed in the nation’s waters.

According to him, the disbursement of the CVFF is backed by the provisions of Section 42(1)-(2) of the Cabotage Act 2003, enacted to promote the development of indigenous ship acquisition capacity by providing financial assistance to Nigerian operators in domestic coastal shipping.

Jamoh lamented the absence of indigenous fleets, just as he said the disbursement of the funds will not only enhance local shipping business, but also assist in creating jobs for the over 2041 Nigerian Seafarers trained by the Agency.

He disclosed that NIMASA has trained about 2041 Seafarers in various institutions overseas, and of these number, over 800 have secured various jobs with other shipping companies abroad.

“We are unable to retain them here, due to the absence of fleets to provide jobs for them in Nigeria, after their training overseas. One vessel can employ up to 40 of them. Shipping business is capital intensive, thus government need to give helping hand to potential ship owners. We need them to feed into our own system if the fleets are available.

Shedding light on the payment of ‘War Risk Insurance’ imposed on shipments of goods into Nigeria, the DG stated that NIMASA was working to exit Nigeria from such charges, following safety recorded at the Gulf of Guinea, adding that efforts had begun to ensure that shipments of goods and services to Nigeria from Europe no longer attract ‘War risks insurance.’

He revealed that payment of war risks insurance had been going on for 25 years following insecurity in the Gulf of Guinea, but noted that with the recent safety recorded in the region, ships coming into Nigeria waters don’t need to pay such risks.

Specifically, War Risk Insurance is a type of insurance, which covers damage due to acts of war including invasion, insurrection, rebellion and hijacking, which is commonly used in the shipping industry.

He explained that there are three basic insurance charges, including war risk insurance, insurance on the valuables in the ship and personnel insurance for workers in the ship.

According to him, these were the three key elements, which we ought not to be paying, as they are responsible for 90 per cent increase in prices of goods and services imported into Nigeria.

“They have commended NIMASA for the security recorded in the Gulf of Guinea and we are waiting for the report from the Lloyds of London and very soon, we hope to exit these insurance.”

Speaking on NIMASA’s achievements, he disclosed that the agency remitted N30b into federation account in the first half of 2022.

He said security in the Gulf of Guinea had been largely aided by the deep blue project, adding that, “the Gulf of Guinea has recorded zero attacks since the last quarter of 2021 to date. We have not experienced any attacks in Nigeria since the last quarter of 2021 to date which was why they have removed us from the piracy list.”

He further disclosed that the agency has five vessels and ordered 7 new ones with wrecks removal contractors on site removing wrecks.

“Under the deep blue project, the agency acquired 2 special mission vessels, 3 special mission helicopters, 16 armored vehicles that can enter the creeks, 2 special mission aircrafts, 17 special interceptors, 4 unmanned air surveillance for data transmission for possible intervention, 600 specially trained forces to respond to threats on the high sea.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

Commission, journalists partner to revamp water sector in Kaduna

Published

on

The Kaduna State Water Services Regulatory Commission (KADWREC) says it is partnering media practitioners towards revamping water services in the state.

Mr Dogara Bashir, the Executive Chairman of KADWREC, disclosed this on Monday at a one-day workshop organised for media practitioners on regulation of ‘Water, Sanitation and Hygiene’ (WASH) activities held in Kaduna.

Bashir said the commission was aware of the importance of the role media practitioners played in the society.

He stated that the workshop was to provide an avenue to liaise with them as important stakeholders on water supply and sanitation services in the state.

Bashir said: “As media practitioners, we believe you are a gateway to the citizens so, the workshop would acquaint you with some of the regulations already in place so that you can in turn transmit it to the public

“The state of water services in Kaduna State is in dire need of attention and the State Water Corporation and KADWREC were established towards addressing the seeming challenges.

“The commission is mandated to ensure better service delivery and regulation of water and sanitation services in the State.

“The idea is that once the regulations are developed, we send them to the State Ministry of Justice to gazette and then we get the state government to endorse and give the go ahead to commence the implementation of the regulations

“We intend to implement them fully come January, 2025 God willing, as we have embarked on advocacy activities having gone to zones 1 and 2 where we talked to traditional rulers, security agencies and the Judiciary.”

He disclosed that a special Court has already been attached to the commission by the Chief Judge of the State for service providers who may likely violate regulations.

The chairman further said that amongst the commission’s objectives include ensuring security, reliability and quality of service in the production and delivery of water to the consumers as well making regulations to control the sinking of boreholes.

Others included; maximising access to water services by promoting and facilitating consumer connections to distribution systems in urban and rural areas.

According to Bashir, they also include ensuring that regulatory decision-making has regards to all the relevant health, safety, environmental and social legislation applying to the water sector.

Bashir further said that the commission collaborate with the relevant state and federal agencies on water policies.

Continue Reading

Crime

2 ladies docked for allegedly obtaining money by fraud

Published

on

The police in Lagos have dragged two women, Mmesuma Ofunna, and Blessing Adimekwe, before an Ojo Magistrates’ Court in Lagos, over alleged obtaining money by false pretence.

Ofunna, 22, and Adimekwe, 25, were arraigned before the Magistrate, Mr L K J Layeni, on a four-count charge bordering on conspiracy, obtaining by false pretence, stealing and conduct likely to breach peace.

They each, however, pleaded not guilty to the charge.

The prosecutor, ASP Simon Uche, told the court that the defendants conspired with others now at large, to commit the offence on Oct. 26 at the Okokomaiko area of Ojo.

He alleged that they had obtained the sum of N70, 000 from one Faith Ahamefule, with a promise not to post her nude photo on social media.

The prosecutor alleged that the defendants later posted the nude photo of the nominal complainant on social media, knowing that their promise was false.

He alleged that they stole the N70, 0000, thereby conducting themselves in a manner likely to breach public peace.

The offence contravenes the provisions of sections 168(d), 287, 314, and 411 of the Criminal Law of Lagos State 2015.

The court granted the defendants bails in the sum of N500, 000 each, with two sureties each in like sum.

He adjourned the case until Jan. 8, 2025 for mention.

Continue Reading

Headlines

Driver jailed 6 months for attempting to steal a car

Published

on

A Jos Magistrates’ Court on Monday, sentenced a 37-year-old driver, Ahmad Umar to six months in imprisonment for attempting to steal a car.

The Magistrate, Shawomi Bokkos, summarily tried and sentenced the convict after he pleaded guilty to the charge.

Bokkos in his judgment, ordered the convict to pay an option of N30, 000 fine or spend six months in prison.

Earlier, the Prosecutor, Insp Ibrahim Gokwat, told the court that the case was reported on Oct. 10, at the Area Command Police station through a distress call by one Sydney Peacemorie the complainant.

Gokwat said the complainant parked his Toyota RAV4 in front of Access Bank and went inside to carry out some transactions, only to return to find the convict inside his car.

“The convict unlawfully opened the car and was in the driver’s seat when the complainant raised alarm and he was apprehended, but his accomplice escaped.

“The convict was severely beaten by a mob but was rescued by the police,” said Gokwat.

“The prosecutor said that the offence contravened the Plateau Penal Code Law.

Continue Reading

You May Like

Copyright © 2024 Acces News Magazine All Right Reserved.

Verified by MonsterInsights