Connect with us

Headlines

NIMASA jerks up Manning Bond by 400% to N5m

Published

on

NIMASA jerks up Manning Bond by 400% to N5m

THE Nigerian Maritime Administration and Safety Agency (NIMASA) has jerked up the financial bond for manning agencies in Nigeria to N5 million from N1 million with a view to keeping quarks away from the industry.

Disclosing this to Vanguard, Emmanuel Maiguwa, Chief Executive of a manning agency and President of Maritime Security Providers Association of Nigeria, MASPAN, said the reason for the increase in the financial bond requirement was because some manning agencies were not operating up to the standard.

He explained that the increase in the financial bond requirement will not solve the problem of quackery in the manning sub-sector of the maritime industry, adding that anybody can meet up with bond requirements and still decide not to play by the rules and regulations guiding the operation of the manning agency.

He said: “The fee for the manning licence is not the issue but there is a bond requirement and we understand why NIMASA raised the bond because some companies are actually cutting corners.

READ ALSO: NOA signs agreement with ILO to end child labour in Nigeria

“There are lots of what we nickname mushroom companies and in NIMASA’s wisdom; they feel raising the financial requirements will eliminate them. We are of the opinion that it will not solve the problem. If I do not want to play by the rules, all I need to do is to get the money.

“So, the more money I have to acquire the licence and the more opportunities to have more companies under my portfolio but without improving my standards.

“Compliance with regulations, developing industry standards and enforcement and monitoring is what will actually improve the standard of manning agencies in Nigeria.

“And in the Maritime Safety Convention (MSC) the requirements are there, NIMASA is supposed to be carrying out a monthly audit and generating reports of what the manning agencies are doing. It is only when they do that that they can get feedback from the manning agencies as to what issues they are having with ship owners that is not enabling them to comply and these issues can be fixed.

“So, develop a standard for the industry that is higher than MSC. If you have a proper standard, do not bring the MSC and dump it on us. When you raise the standard, for example, certification, training and control, it will wither off the unserious players.”

Continue Reading
Click to comment

Leave a Reply

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

Headlines

China Introduces Instant Tax Refunds for Foreign Tourists to Boost Shopping Experience

Published

on

China Introduces Instant Tax Refunds for Foreign Tourists to Boost Shopping Experience

China has revamped its tax refund policy for foreign tourists, shifting from a refund-upon-departure model to a more convenient refund-upon-purchase system, according to the State Taxation Administration (STA).

The STA announced on Tuesday that under the new system, foreign visitors can now claim Value Added Tax (VAT) rebates instantly at designated tax-free stores. This change allows tourists to use their refunded amount immediately for additional shopping, enhancing their overall experience in China.

Previously, VAT rebates could only be withdrawn upon departure, but with the new policy, tourists will be able to access their refunds in real-time during their stay. The policy, which was initially tested in cities like Shanghai, Beijing, and Guangdong, has now passed all operational requirements and will be rolled out nationwide.

The STA emphasized its dedication to improving policy guidance and simplifying refund procedures to better serve international visitors.

Li Xuhong, Vice-President and Professor at the Beijing National Accounting Institute, welcomed the change, stating that the nationwide implementation would raise China’s tourism service standards. “It will foster a friendly, efficient, and convenient tourism environment,” Xuhong added.

Continue Reading

Headlines

Nigeria Reaffirms Commitment to One-China Policy Amid Taiwan’s Trade Office Claims

Published

on

Nigeria Reaffirms Commitment to One-China Policy Amid Taiwan's Trade Office Claims

Rep. Jaafaru Yakubu, Chairman of the House of Representatives Committee on China-Nigeria Parliamentary Relations, has reiterated Nigeria’s firm commitment to the One-China Policy, following recent comments by Taiwan’s Trade Mission Head in Nigeria, Andy Yih-Ping Liu.

Speaking in Abuja on Tuesday, Yakubu firmly declared that Nigeria continues to recognize Taiwan as an integral part of the People’s Republic of China. He rejected Liu’s claim that Taiwan was not part of China, labelling it as “propaganda” aimed at undermining the strong diplomatic ties between Nigeria and China.

“For the record, United Nations General Assembly Resolution 2758, adopted in 1971, recognised the People’s Republic of China as the sole legitimate representative of all of China, including Taiwan,” Yakubu stated. “The One-China Policy remains the cornerstone of China-Nigeria relations.”

He emphasized that since Nigeria and China established diplomatic ties in 1971, the country has consistently upheld this principle. “Efforts by Taiwan’s trade office to challenge this stance are futile and will not succeed,” Yakubu added.

Yakubu criticized Liu’s comments as an attempt to draw Nigeria into China’s internal matters, accusing the Taiwanese official of deliberately sowing discord and provoking a diplomatic rift. “Nigeria’s relationship with China is built on mutual respect and non-interference in each other’s political matters,” he said.

In response to Liu’s claim that China acted as a bully, Yakubu pointed to the positive trajectory of Nigeria-China relations. “Contrary to these baseless assertions, Nigeria has enjoyed a mutually beneficial partnership with China, yielding tangible results for both nations. Since 1971, our ties have grown significantly.”

He highlighted the strategic nature of the partnership, referencing the elevation of the relationship to a Comprehensive Strategic Partnership during the 2024 FOCAC Summit in Beijing. “Today, Nigeria stands as China’s second-largest trading partner in Africa, with bilateral trade surpassing 20 billion dollars,” Yakubu noted.

Furthermore, Yakubu praised China’s role in Nigeria’s infrastructural development, with investments in sectors such as rail networks, roads, ports, power stations, and water treatment facilities.

Continue Reading

Headlines

Shettima Warns Media Against Romanticising National Challenges

Published

on

Shettima Warns Media Against Romanticising National Challenges

Vice President Kashim Shettima has cautioned Nigerian media practitioners against the growing tendency to romanticise serious national issues, describing the trend as a dangerous departure from the media’s constitutional duty of promoting truth and accountability.

Represented by his Special Adviser on Special Duties, Modibbo Umar, the Vice President issued the warning on Tuesday while delivering a speech at the 17th LEADERSHIP Conference and Awards held at the Old Banquet Hall of the State House, Abuja.

“We must resist the temptation to romanticise serious national issues or frame them in ways that distort public understanding,” Shettima said. “Doing so only weakens the fabric of our democracy and derails our collective efforts at nation-building.”

The Vice President’s remarks came as stakeholders in governance, business, and civil society gathered to reflect on the theme of the event, “Challenges and Opportunities in Nigeria’s Fiscal Federalism.” The conference provided a platform for thoughtful engagement on some of the country’s most pressing issues, with a focus on the responsibilities of leadership at all levels.

Shettima also used the occasion to commend LEADERSHIP Newspapers Group for its consistent contributions to national discourse and its commitment to celebrating excellence in leadership.

“I commend LEADERSHIP Newspaper for the vision to convene this vital discourse and for shining the light on those who have chosen to lead with courage and competence. May we never tire of striving for a better Nigeria,” he said.

The annual LEADERSHIP Conference and Awards continues to be a major event that brings together influential voices to deliberate on national progress and honour individuals and institutions making meaningful impact in society.

Continue Reading

You May Like

Copyright © 2024 Acces News Magazine All Right Reserved.

Verified by MonsterInsights