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Nigeria loses $25.5bn annually to illegal maritime activities, says NIMASA boss

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AT the backdrop of poor coordination of activities among Federal Government’s agencies in the manning of Nigeria’s maritime domain, Director General, Nigerian Maritime Administration and Safety Commission, NIMASA, Dr Bashir Jamoh, has said that the country loses about $25.5 billion annually to illegal maritime activities and another $1.3 billion to illegal bunkering.

Meanwhile, President Muhammadu Buhari has said it was a worthwhile investment to encourage the Nigerian Navy to guarantee economic well-being within the context of the government’s effort to revamp and reposition the economy.

Speaking at the Chief of Naval Staff Annual Conference, CONSAC, he stated: “The untiring efforts of the Nigerian Navy which have seen to the reduction of crude oil theft, violent crimes and other illegalities in the nation’s maritime domain is noteworthy. It is gratifying to also note Nigerian Navy’s zeal and patriotic commitment to internal security duties in the hinterland and the nation’s adjoining waterways as exemplified in the robust deliberations of this conference”.

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Buhari added, “The reality of our current security situation has thus further affirmed the multivalent utility of the Navy. The doggedness of naval officers and ratings, in synergy with other Services and agencies, has significantly contributed to instilling peace and tranquillity in most riverine and coastal communities. I, therefore, applaud the initiative in inviting stakeholders to be part of the Nigerian Navy annual deliberations to synergise towards consolidating our common maritime security. We are proud to acknowledge your gallantry and service in this constitutional responsibility.

At the 2021 CONSAC held in Kano with the theme, ‘Enhancing Nigeria’s Maritime Security for Improved National Prosperity’, the Chief of the Naval Staff, CNS, Vice Admiral Awwal Gambo, however, noted the dearth or lack of effective collaboration in maritime policing as one of the major impediments to tackling the emerging security situation in the nation’s maritime domain and exclusive economic zone.

According to Gambo, the present situation calls for constant reappraisals, greater collaboration as well as inter-agency cooperation among stakeholders. His words, “In recent times, some federal and local initiatives were initiated towards ensuring greater productivity of security efforts. The Nigeria Navy is saddled with the mandate to secure our maritime environment which possesses strategic importance to the nation’s economy. 

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“As such, the current security threats in the environment are of serious concern to all us as Nigerians. What is perhaps more disturbing is that much of the criminal activities in our maritime environment are directed at the economic lifeline of Nigeria. In other words, the scourge of illegalities, such as sea robbery, piracy, crude oil theft, poaching, human and illicit trafficking of weapons and drugs among others constitute serious challenges to the development of the country and the region at large. 

“Characteristically, the maritime threats have become of major concern and are evolving and challenging the combat capability of the Nigerian Navy and other stakeholders. In the recent past, a huge capability gap has emerged among the stakeholders in the efficient discharge of their constitutional mandates.” 

Against this backdrop, there were revelations from stakeholders regarding the extent of losses and shortcomings resulting from the dearth of collaborative efforts among agencies of government in the maritime space.

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Speaking at the conference, the NIMASA boss said, “From available statistics, Nigeria loses about $25.5billion annually to illegal maritime activities in her waters while NNPC loses about $1.35billion on illegal bunkering. The cost of piracy in the Gulf of Guinea due to stolen goods, insecurity, and insurance has been estimated to be about $2 billion with a significant decline in Sea Route Attractiveness”.

Also speaking, a maritime industry expert, Mr Chukwuma Okolo, said that “Nigeria is a maritime country with over 850km stretch along the coast of the Atlantic Ocean and further major inland waterways (Rivers Niger and Benue) covering more than 3,400km, has significant oil and gas industrial complexes within the Atlantic coast and adjoining creeks and national assets worth over US$2trillion capital value. It is, therefore, obvious that enhancing Nigeria’s Maritime security for improved national prosperity is an imperative for national economic development and asset protection”.

Speaking on the topic, “Improving National Maritime Domain Awareness, MDA, through Inter-Agency Cooperation: Models, Policy Options and Strategies” Rear Admiral Akpan (retd) said the initiative of the Nigerian Navy demonstrates its concern for the maintenance of Sea Lanes of Commerce within the nation’s maritime domain for the economy to thrive without any hindrance or malfeasance at sea.

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He stated further: “Maritime security is concerned with the prevention of intentional damage through sabotage, subversion, or terrorism and the prompt mitigation of incidences within the maritime domain. Maritime security, therefore, involves the continuous surveillance and reconnaissance of a nation’s maritime domain to prompt interdiction when infringements occur to the nation’s regulations.”

 

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Adamawa Business School Hosts Workshop on New Tax Reform Law

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Adamawa Business School Hosts Workshop on New Tax Reform Law

Adamawa Business School Hosts Workshop on New Tax Reform Law

By Ibrahim Abubakar Jimeta

The Adamawa Business School (ABS) has organised a high-level training and sensitisation workshop on the New Tax Reform Law in Nigeria, aimed at enhancing understanding of recent fiscal reforms and strengthening public sector administration in Adamawa State.

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The workshop, held in collaboration with the Office of the Head of the Civil Service of Adamawa State and supported by the Federal Inland Revenue Service (FIRS), brought together Permanent Secretaries, senior public servants, tax officials, and policy experts to examine the implications of the new tax framework for governance and fiscal sustainability.

Speaking during the opening session, the Co-Founder of Adamawa Business School, Mallam Jamilu Yusuf, described the workshop as a strategic intervention designed to bridge knowledge gaps and improve policy implementation within Ministries, Departments, and Agencies (MDAs).

Yusuf explained that the engagement was organised under the school’s Public Policy Support Initiative, a non-profit platform that provides research, training, and capacity development support to government institutions. He noted that Nigeria’s evolving tax landscape, driven by Finance Acts, administrative reforms, and digital innovations, requires senior public officials to be well-informed in order to translate policy into effective practice.

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According to him, Permanent Secretaries and top civil servants play a crucial role in ensuring compliance and successful implementation of tax reforms at the sub-national level, stressing that inadequate understanding of tax laws often creates implementation challenges that negatively affect citizens and institutions.
He reaffirmed Adamawa Business School’s commitment to supporting the state government through policy-focused learning, dialogue, and partnerships that promote transparency, fiscal sustainability, and improved service delivery.

In his remarks, the Head of the Adamawa State Civil Service, Isa Shehu Ardo, mni, emphasised the importance of equipping senior public servants with a clear understanding of the new tax laws. He noted that Permanent Secretaries, as the most senior career officers in the public service, must fully comprehend the reforms in order to guide implementation and avoid difficulties that often arise from poor information and limited awareness.

Delivering the welcome address on behalf of the Office of the Head of Civil Service, the Permanent Secretary, Establishment and Training, Fabian S. Wambai, commended Adamawa Business School for organising the workshop as part of its corporate social responsibility.
Wambai described the new national tax law as a major reform with far-reaching implications for public finance, compliance, and economic stability. He said the workshop provided a valuable opportunity for Permanent Secretaries, as accounting officers and senior administrators, to deepen their understanding of the law and its impact on government operations and engagements with the private sector.

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He urged participants to actively engage in discussions, interact with resource persons, and leverage the knowledge gained to strengthen institutional compliance, improve advisory roles to political leadership, and promote transparent and accountable governance.

The workshop featured sessions led by experienced tax professionals, focusing on the provisions of the new tax reform law, its implications for public financial management, and strategies for effective collaboration between federal and state institutions.

Participants expressed optimism that the training would enhance policy implementation, reduce administrative challenges, and contribute to a more efficient and fiscally informed public service in Adamawa State.

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Noble Ladies Champion Women’s Financial Independence at Grand Inauguration in Abuja

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Women from diverse backgrounds across Nigeria and beyond gathered at the Art and Culture Auditorium, Abuja, for the inauguration and convention of the Noble Ladies Association. The event, led by the association’s Founder and “visionary and polished Queen Mother,” Mrs. Margaret Chigozie Mkpuma, was a colourful display of feminine elegance, empowerment, and ambition.

The highly anticipated gathering, attended by over 700 members and counting, reflected the association’s mission to help women realise their potential while shifting mindsets away from dependency and over-glamorization of the ‘white collar job.’ According to the group, progress can be better achieved through innovation and creativity. “When a woman is able to earn and blossom on her own she has no reason to look at herself as a second fiddle,” the association stated.

One of the association’s standout initiatives is its women-only investment platform, which currently offers a minimum entry of ₦100,000 with a return of ₦130,000 over 30 days—an interest rate of 30 percent. Some members invest as much as ₦1 million, enjoying the same return rate. Mrs. Mkpuma explained that the scheme focuses on women because “women bear the greater brunt of poverty” and the platform seeks “to offer equity in the absence of economic equality.”

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Education is also central to the Noble Ladies’ mission, regardless of age. Their mantra, “start again from where you stopped,” encourages women to return to school or upgrade their skills at any stage in life. The association believes that financial stability is vital in protecting women from cultural practices that dispossess widows of their late husbands’ assets, while also enabling them to raise morally and socially grounded families.

Founded on the vision of enhancing women’s skills and achieving financial stability, the association rests on a value system that discourages pity and promotes purpose. “You have a purpose and you build on that purpose to achieve great potentials and emancipation,” Mrs. Mkpuma said.

A criminologist by training and entrepreneur by practice, she cautions against idleness while waiting for formal employment. “There are billions in the informal and non-formal sectors waiting to be made,” she said, rejecting the “new normal of begging” and urging people to “be more introspective to find their purpose in life and hold on to it.”

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Mrs. Mkpuma’s management style keeps members actively engaged, focusing on vocational skills and training to prepare them for competitive markets. She is exploring “innovative integration of uncommon technologies” and is already in talks with international franchises to invest in Nigeria, with Noble Ladies as first beneficiaries.

The association’s core values include mutual respect, innovation, forward-thinking, equal opportunity, and financial emancipation. With plans underway to establish a secretariat in the heart of Abuja, the group aims to expand its impact.

The event drew high-profile guests, including former Inspector General of Police, Mike Okiro, and a host of VIPs, marking a significant milestone in the association’s drive for women’s empowerment.

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NEPZA, FCT agree to create world-class FTZ environment

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NEPZA, FCT agree to create world-class FTZ environment

The Nigeria Export Processing Zones Authority (NEPZA) has stepped in to resolve the dispute between the Federal Capital Territory Administration and the Abuja Technology Village (ATV), a licensed Free Trade Zone, over the potential revocation of the zone’s land title.
Dr. Olufemi Ogunyemi, the Managing Director of NEPZA, urged ATV operators and investors to withdraw the lawsuit filed against the FCT administration immediately to facilitate a roundtable negotiation.
Dr. Ogunyemi delivered the charge during a courtesy visit to the Minister of the Federal Capital Territory, Barrister Nyesom Wike, on Thursday in Abuja.
You will recall that the ATV operators responded to the revocation notice issued by the FCT administration with a lawsuit.
Dr. Ogunyemi stated that the continued support for the growth of the Free Trade Zones Scheme would benefit the nation’s economy and the FCT’s development, emphasizing that the FCT administration recognized the scheme’s potential to accelerate industrialisation.
Dr. Ogunyemi, also the Chief Executive Officer of NEPZA, expressed his delight at the steps taken by the FCT minister to expand the economic frontier of the FCT through the proposed Abuja City Walk (ACW) project.
Dr. Ogunyemi further explained that the Authority was preparing to assess all the 63 licensed Free Trade Zones across the country with the view to vetting their functionality and contributions to the nation’s Foreign Direct Investment and export drives.
“I have come to discuss with His Excellency, the Minister of the Federal Capital Territory on the importance of supporting the ATV to succeed while also promoting the development of the Abuja City Walk project. We must work together to achieve this for the good of our nation,” he said.
On his part, the FCT Minister reiterated his unflinching determination to work towards President Bola Ahmed Tinubu’s Renewed Hope Agenda by bringing FDI to the FCT.
“We must fulfil Mr. President’s promises regarding industrialization, trade, and investment. In this context, the FCT will collaborate with NEPZA to review the future of ATV, a zone that was sponsored and supported by the FCT administration,” Wike said.
Barrister Wike also said that efforts were underway to fast-track the industrialisation process of the territory with the construction of the Abuja City Walk.
The minister further said the Abuja City Walk project was planned to cover over 200 hectares in the Abuja Technology Village corridor along Airport Road.
According to him, the business ecosystem aimed to create a lively, mixed-use urban center with residential, commercial, retail, hospitality, medical, and institutional facilities.
He added that the ACW would turn out to be a high-definition and world-class project that would give this administration’s Renewed Hope Agenda true meaning in the North-Central Region of the country.
Barrister Wike also indicated his continued pursuit of land and property owners who failed to fulfil their obligations to the FCT in his determination to develop the territory.

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