General
Nigeria Loses $500m Annually to Non-Implementation of ICTN
By Adedapo Adesanya
The Shippers Council of Nigeria says Nigeria has lost approximately $2.5 billion over the past five years, translating to $500 million annually, due to the non-implementation of the International Cargo Tracking Notes (ICTN).
The Executive Secretary of council, Mr Pius Akutah, disclosed this during an investigative hearing on the circumstances surrounding the non-implementation of the ICTN and identifying the challenges faced by the NSC, organised by the House of Representative Committees on Shipping, Excise, Customs, Ports and Harbor and Maritime Safety, Education and Administrations.
“Nigeria has lost almost $2.5 billion over the last five years due to the failure to implement this system. There were investigations, including those conducted by the EFCC, which contributed to the delay. The system was in place for only two years before it was halted and since then, we have incurred these losses.
“Over the past five years, we have not implemented the ICTN, resulting in a loss between $1 billion and $5 billion. If we had implemented it, that is the amount we could have contributed to the economy within two years. Although the period of implementation was short, it generated significant income for the country, illustrating just how much Nigeria is missing out,” he said.
The Minister of Marine and Blue Economy, Gboyega Oyetola, who was represented by the Director of Maritime Services, Mr. Babatunde Sule, said that though the Federal Executive Council in the administration of Muhammadu Buhari approved the contract, the process of the award was wrong.
The Minister’s representative stated: “Last year, the FEC approved a contract. At the tail end of the last administration, the government approved five companies. I know there was a fake approval, regarding this contract. I am also aware that it was given to five companies.
“I also learned that four of the companies signed an agreement, with the fifth not signing. I think that was what stalled this whole process. The process was wrong.
“At the assumption of the office of the minister, he made frantic efforts to resuscitate this contract. We had several stakeholders’ meetings, we even invited the lead partner for a meeting, we had several discussions on this issue. All has not yet been decided. Time will not let me say what the Minister has continued to do in his efforts to see that this deal is actualised.
Meanwhile, the Chairman of Shipping lines Association of Nigeria, Mr Boma Alabi, has kicked against the proposed Cargo Tracking Bill, describing it as an unnecessary burden in a sector already overwhelmed by bureaucratic regulations, adding that the bill would not improve the ease of doing business in Nigeria.
“The shipping industry in Nigeria is already overburdened with red tape and certainly does not require another layer of bureaucracy which is what the proposed Cargo Tracking Bill will result in.
“All exporters and importers can track their goods on the website of the shipping lines generally speaking. In addition, the shipping lines have to upload their manifest to the Customs portal which is connected to the Central Bank of Nigeria single window.
“The ICTN without streamlining the existing process will only result in further delays and congestion.”
The chairman of the House Committee on Shipping Services and Related Matters, Mr Abdussamad Dasuki, said the ICTN is not just an administrative requirement but an essential tool designed to bring transparency, security, and operational efficiency to the movement of cargo across borders.
“Despite its approval and the commitment of various stakeholders, progress towards implementing the ICTN has been hampered by significant challenges. Among these challenges we believe are the bureaucratic delays and competing interests among agencies, limited coordination between key stakeholders and the duplication of contracts awarded for its implementation.
“Today’s gathering is an opportunity to tackle these issues head-on. Our goal is to identify the root causes of these delays, address conflicted interests, improve revenue generation by plugging the loopholes that allow illicit cargo, such as arms and drugs, to slip through our ports, and ultimately unlock the potential of the ICTN to bring Nigeria’s maritime industry in line with global best practices.”
General
Oyetola Sets Accountability Bar for Maritime Agencies
By Adedapo Adesanya
The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, has issued a strong warning to heads of agencies under the ministry, demanding strict accountability and measurable results.
Mr Oyetola issued the warning during the signing of performance bonds with heads of maritime agencies at the Ministerial Management Retreat, held alongside the 2026 first-quarter stakeholders’ engagement in Lagos on Thursday, where he emphasised the need for performance-driven governance.
“Let me emphasise that all Departments and Agencies under the Ministry must remain firmly focused on delivering tangible results,” he said.
In a statement by Mr Bolaji Akinola, Special Adviser to the Minister, Mr Oyetola noted that performance bonds to be signed during the retreat are binding commitments that will be closely monitored and rigorously evaluated.
“These are not ceremonial documents. They are binding commitments. Accountability will not be optional,” the Minister declared.
Mr Oyetola reiterated the need for data-driven decision-making, robust monitoring and evaluation frameworks, and alignment with the Ministry’s strategic objectives.
“At the institutional level, we must remain disciplined and accountable. Every department and agency must deliver measurable outcomes,” he added.
He explained that the retreat was designed to foster alignment between policy formulation, implementation, and stakeholder expectations.
“The integration of this engagement enables us to listen, reflect, and recalibrate,” he said.
The agencies include the Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Shippers’ Council (NSC), National Inland Waterways Authority (NIWA), Maritime Academy of Nigeria, and the Council for the Regulation of Freight Forwarding in Nigeria.
He also announced a 160 per cent increase in revenue generated by agencies under the ministry, attributing the growth to sweeping reforms and a renewed focus on accountability.
“In 2023, our agencies generated N700.79 billion. By the end of 2025, this figure had risen to approximately N1.83 trillion. This remarkable achievement is the result of deliberate and sustained reforms,” he stated.
The Minister explained that the gains were driven by strengthened regulatory oversight, improved revenue assurance mechanisms, digitalisation of key processes, and a firm commitment to blocking leakages.
“This gathering reflects our commitment to a governance approach that is inclusive, transparent, and results-driven,” he added, noting that the convergence of stakeholders, policymakers, and institutional leaders was designed to align policy with implementation and public expectations.
Mr Oyetola linked the ministry’s improved performance to broader sectoral reforms, including port modernisation, approval for disbursement of the Cabotage Vessel Financing Fund (CVFF), and ongoing efforts to enhance indigenous participation in maritime activities.
General
Presidency Explains Reason Tinubu Met Jos Attack Victims at Airport
By Modupe Gbadeyanka
The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, has explained why Mr Bola Tinubu addressed the victims of the Plateau attacks at the airport on Thursday evening.
The decision of President Tinubu to console victims of the attacks, which left over 20 persons dead, at the Yakubu Gowon Airport in Jos last night has continued to generate reactions.
He was criticised for not visiting the victims at the epicentre, Angwan Rukuba, instead of having them to travel to meet with him at the airport.
In a statement on Friday, Mr Onanuga said his principal’s itinerary for yesterday included two main engagements: receiving the Chadian President, Mahamat Idriss Déby Itno, and proceeding to Iperu, Ogun State.
“After Governor Caleb Mutfwang’s briefing, President Tinubu suspended the trip to Ogun. Overnight, the Presidential Villa made arrangements for the visit to Jos, with presidential assets quickly deployed. However, the President could not postpone the scheduled visit by the Chadian leader.
“The President of Chad was at the Presidential Villa for a very important bilateral meeting focused on strengthening security collaboration between the two countries. The meeting ran longer than expected, affecting President Tinubu’s scheduled departure for Jos.
“Upon arrival in Jos, the visit encountered some logistical challenges. While the road distance from the airport to Jos township is approximately 40 minutes, the runway does not support night flights due to the absence of navigational aids. The constraints made it unfeasible to drive into town, meet victims for on-the-spot assessment and return to the airport before dusk.
“Consequently, state and federal officials decided to bring representatives of the affected community to a hall adjoining the airport so the President could meet with them promptly while adhering to flight restrictions. Among the people in the hall were the Minister of Defence, the Chief of Army Staff and the Inspector General of Police, who had visited Rukuba, the epicentre of the conflict. President Tinubu deployed the high-level team to Rukuba, including the Senior Special Assistant on Community Engagement, to undertake critical groundwork on security and community engagement, with a view to stabilising the area before his arrival.
“Beyond expressing his condolences to the victims, President Tinubu’s objective was to engage with critical stakeholders in Plateau State on ending the recurring, decades-old conflict that has resulted in needless loss of lives and property.
“President Tinubu’s visit to Jos was not merely symbolic. It was a strategic, high-level engagement aimed at bringing all stakeholders together to address the root causes of conflict and insecurity in the state.
“He interacted with the victims, consoled them, and listened to them. He also listened to local leaders and assured them that the federal government would deliver justice and end the cycle of violence. He promised the deployment of 5000 AI-enabled cameras to monitor the city and enhance the identification and arrest of troublemakers.
“Furthermore, the President invited the community leaders to Abuja for further talks on finding a lasting solution to the recurring violence in the state.
“The meeting, televised live, was solemn and reassuring, boosting residents’ confidence. President Tinubu achieved the purpose of his visit, despite the naysayers’ attempts to ridicule it. He dropped an unmistakable message: sustainable peace must be built with the people, not imposed on them,” the presidency explained.
General
Seplat Workers Begin Indefinite Strike Over Welfare Dispute
By Adedapo Adesanya
Workers of Seplat Energy Plc, under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), began an indefinite strike on Friday as talks over a collective bargaining agreement and staff welfare issues broke down.
This development may impact Nigeria’s oil production at a time when the world is facing shortages due to the Iran war, and global oil prices are recording multi-year highs.
It will also hurt Seplat Energy’s operation as Nigeria’s largest independent oil and gas producer, adding to pressure on the country to maximise supply, which is fluctuating around 1.3 million barrels per day.
PENGASSAN said its action would remain active “until further notice, adding that its members would suspend most operations, including production reporting and export activities, while maintaining only essential safety and power functions.
The strike notice covers onshore and offshore assets, joint‑venture operations and offices nationwide from Friday.
Other less-skilled workers are covered by the Nigeria Labour Congress (NLC), which is not on strike with PENGASSAN.
Seplat Energy’s group production averaged 131,506 barrels of oil equivalent per day in 2025, according to its latest audited results. That is the equivalent of around 7 per cent–9 per cent of Nigeria’s total liquids production.
The company expects output to rise to 155,000 barrels of oil equivalent per day, making any sustained disruption particularly sensitive for Nigeria’s supply outlook.
With the company’s output expected to rise, any prolonged disruption could significantly impact Nigeria’s oil supply and fiscal outlook.
The company also plans to revive hundreds of Nigerian oil wells lying fallow, which, according to its chief executive, Mr Roger Brown, will be done in collaboration with the state-owned Nigerian National Petroleum Company (NNPC) Limited, as legally mandated in the country’s oil and gas industry.
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