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NLNG Charters Climate-Friendly Vessel to Reduce Carbon Emission

By Adedapo Adesanya
The Bonny Gas Transport Limited (BGT), a subsidiary of Nigeria LNG Limited (NLNG), has chartered a new build vessel, AKTORAS, in a strategic move to diversify and reduce the carbon footprint of its shipping portfolio.
Founded in 1989, BGT provides shipping capacity to NLNG’s operations and has been instrumental in solidifying NLNG’s reputation as a major liquified natural gas (LNG) supplier on the global stage.
The newly chartered vessel, AKTORAS, owned by Capital Gas Limited, symbolizes a pivotal addition to BGT’s fleet, leased under a Bareboat Charter arrangement.
The vessel is equipped with MEGA propulsion systems that reduce emissions and increase efficiency. It is a 174,000 m3 capacity class LNG carrier, with a length of 299.6 metres, breadth (moulded) of 46.40 metres and deadweight of 81,194 tons.
At the Christening ceremony week, at the Hyundai Heavy Industries shipyard in Mokpo, South Korea, Mrs Olu Verheijen, Special Adviser to President Bola Tinubu on Energy, said that the vessel would carry the spirit of Nigeria across the vast oceans and into the hearts of nations worldwide.
“This ceremony symbolizes the unwavering commitment of Bonny Gas Transport Limited and its parent company, Nigeria LNG Limited, to adapt and thrive in the ever-evolving global energy landscape. Their dedication to futureproofing their business resonates deeply with me, recognizing it as a crucial strategy to maintain relevance and competitiveness in the dynamic LNG market.
“In the spirit of progress and renewal, this newly constructed vessel replaces ageing steamships, breathing new life into the fleet and bolstering BGT and NLNG’s capacity to meet the growing demands of the LNG market. This signifies a corporate milestone and a testament to Nigeria’s ambition to assert itself as a leading economic force in Africa and beyond.
“We are amidst a transformative journey, leveraging our resources to build a resilient economy that fosters development and prosperity. We assure our partners, including those present here, that we mean business,” she said.
Similarly, Mr Philip Mshelbila, BGT’s Executive Vice President and NLNG’s Managing Director commended the charter of the vessel ‘M.T. AKTORAS’ adding that it will be a transformative stride towards decarbonisation and a sustainable future.
“The charter of a newbuild modern tonnage to BGT, on a Bareboat Charter basis, represents a strategic move towards diversifying our shipping portfolio. This vessel signifies a new era of greater efficiency and sustainability for BGT’s fleet.
“The enhanced fleet capacity will support NLNG as it continues to harness Nigeria’s abundant natural gas resources, reposition itself in the Energy Transition era and prepare for the future, which includes the expansion of its production capacity in furtherance of the commitment to meet the growing demand for clean and sustainable energy solutions on a global scale,” he added.
On his part, the Chargé D’ Affaires of the Nigerian Embassy in South Korea, Mr Ferdinand Nwonye, urged Hyundai Heavy Industries in South Korea to invest in a shipyard in Nigeria.
“Nigeria offers the biggest market in Africa and there is no shortage of quality manpower in Nigeria. Establishing a Shipyard in Nigeria will give you easy access to the markets of both West and East African countries. It will be a win-win cooperation for all of us,” he added.
AKTORAS will be managed by NLNG Shipping and Marine Services Limited (NSML).
General
NIMASA Clarifies Use of Technology in Concession of Operations

By Adedapo Adesanya
Nigerian Maritime Administration and Safety Agency (NIMASA) has said that its resolve to embrace technology as a means of enhancing capacity to deliver on its regulatory mandate more effectively and generate additional revenue for the government is being misinterpreted in some quarters as concession of its operations.
NIMASA, in a statement, said a pivotal innovation in this regard is the Maritime Enhanced Monitoring System (MEMS).
“This system brings digital traceability to the core of Nigeria’s maritime operations. MEMS provides real-time visibility into vessel movements, operational logs, and regulatory interactions. Through automated alerts, smart invoicing, and centralized data integration, NIMASA can now detect, document, and respond to maritime activities with greater precision and efficiency—eliminating unnecessary bottlenecks while strengthening compliance,” it stated.
It listed additional recipients targeted as waste reception services, a routine operation for both domestic and international vessels have traditionally lacked proper tracking, resulting in unmonitored activities and significant revenue losses.
“With MEMS, each waste offload can be logged, time-stamped, and automatically billed, converting previously missed opportunities into a consistent revenue stream while ensuring environmental standards are met,” the statement said.
“Marine pollution control, another critical area of NIMASA’s mandate, has similarly been constrained by limited digital tools. In the absence of satellite tracking and automated reporting, pollution events often go unnoticed or are reported too late to mitigate their impact. With the integration of modern surveillance systems, digital logbooks, and real-time alerts, NIMASA can now respond swiftly to such incidents, recover environmental damages, and hold polluters accountable—both legally and financially.
“It is important to emphasize that past revenue shortfalls experienced by the Agency mainly stemmed from outdated manual processes, fragmented data systems, and insufficient digital enforcement mechanisms which allowed some external elements to capitalize on the loopholes for personal gains .
“The current reforms being implemented by NIMASA are focused squarely on overcoming these limitations. By investing in digital infrastructure and streamlining monitoring systems, the Agency is positioning itself to fulfill its statutory obligations with transparency, efficiency, and accountability,” it added.
NIMASA therefore called for the support of its transformation journey as it aligns with the broader national objectives of the Ministry of Marine and Blue Economy under the Renewed Hope Agenda of President Bola Tinubu.
“The Agency remains committed to strengthening Nigeria’s maritime governance, ensuring environmental safety, and optimizing revenue for the nation,” the statement said.
“It is worthy of note that the Deep Blue Project of the Agency which now enjoys global recognition also witnessed such resistance at the initial stage,” it stated.
General
Innovate Africa to Tackle Wickedest Problems on World Product Day 2025

By Adedapo Adesanya
Innovate Africa, the product-led fund backing bold early-stage innovators, has announced it will host the Lagos edition of World Product Day 2025 on Wednesday, May 21, 2025, at The Strong Tower Hall in Lagos to tackle the world’s “wickedest” problems.
The one-day conference marks the culmination of a continent-wide transformative sprint, moving from grassroots problem identification to prototype-ready solutions that address Africa’s most complex and urgent challenges.
According to a statement shared with Business Post, World Product is a global initiative by Mind the Product, celebrated in over 100 cities worldwide. Curated by Innovate Africa, the Lagos gathering offers a high-impact, single-day conference that connects product builders, engineers, founders, and enterprise teams through thought leadership discussions, practical learning, and talent engagement.
Themed Bold Builders Wanted, the initiative began in March with an open Ideathon, which crowdsourced real-world challenges from across the continent. Innovate Africa distilled the hundreds of entries into 12 “wicked problems” spanning healthcare, climate resilience, digital infrastructure, consumer protection, and public services.
In April, the fund assembled multidisciplinary teams and product owners, who through structured sprints pushed each idea to prototype stage. The top 5 teams will pitch their solutions live in Lagos for a $2,000 grand prize and a comprehensive post-event support package designed to help transform early-stage ideas into scalable ventures. In addition, finalist teams could receive incubation support, or mentoring.
Set to bring together up to 250 curated participants, including mid- to senior-level professionals, founders, hiring managers, and ecosystem leaders, confirmed speakers include Mr Mustapha Otaru, Chief Product Officer at Sterling Bank; Mr Andrew Obuoforibo, Head of Product at 54 Collective; and Mr Isma’il Shomala, Chief Product Officer at Go Money.
In addition to the hackathon finale, the event highlights will include: Product Career Fair, a curated matchmaking between top-tier product and engineering talent and leading African tech employers; Hands-On Product Workshops, a facilitated training on customer discovery, product strategy, and experimentation; and Fireside Chats & Panels, an intimate discussions with product executives, including a spotlight session with top tech companies in Africa, including Moniepoint.
Kristin H. Wilson, Managing Partner of Innovate Africa Fund, said “Too many of Africa’s wicked problems are still meeting surface solutions – shiny tech, borrowed models from markets such as the US, and large funding rounds – before the problem has been clearly defined.
“If we really want to solve these challenges, we need to start by listening, get clear on what’s broken and then roll up our sleeves with builders who lead with empathy, context, and a bias for execution. That’s really what World Product Day Lagos is about – a day to move lived experience into tested prototypes and to line up capital, expertise and networks that can carry the strongest ideas to product-market fit.”
Product builders, engineers, founders, and enterprise teams are invited to register at https://lu.ma/jnjimijz to attend World Product Day Lagos 2025 and be part of a movement turning bold ideas into breakthrough products.
General
Adeleke Lauds Dangote for Distributing 30,000 Bags of Rice in Osun

By Modupe Gbadeyanka
The Governor of Osun State, Mr Ademola Adeleke, has praised prominent Nigerian businessman, Mr Aliko Dangote, for the distribution of 30,000 bags of rice to economically challenged persons in the state.
Mr Dangote shared the staple food over the weekend through his Aliko Dangote Foundation (ADF) under the National Food Intervention programme.
Mr Adeleke, while flagging off the distribution, expressed gratitude to the industrialist and philanthropist for the unwavering commitment to the well-being of the vulnerable as well as the fight against hunger and poverty in Nigeria and Africa.
He said the distribution of 30,000 bags of 10 kg size of rice to all vulnerable groups in all the local government areas of Osun state would go a long way in alleviating the food crisis facing them due to the food inflation ravaging the country and Africa at large.
The Governor, represented by the state’s Commissioner for Agriculture and Food Security, Mr Tola Faseru, saluted Mr Dangote for the effort to support Osun state at this time of economic challenges impacting the vulnerable people in society.
“The distribution of these bags of rice to the indigents is a significant step towards addressing food security and poverty alleviation in the state.
“I must commend the efforts of the foundation again in making life meaningful to this set of people who need food assistance. Together, we can build a prosperous society for all,” he stated.
He assured that many vulnerable groups and their members would benefit from the rice distribution, particularly people with disability (PWD), the aged, motherless babies’ homes, youth groups, farmers, artisans and many more.
The Governor emphasized the need for continuous collaboration with the foundation on initiatives that bring relief to the vulnerable in the country, adding that it is on record that his administration continues to provide relief to the people of Osun via several palliative initiatives.
Also, the Special Adviser to the Governor on Agriculture, Mr Olaniran Akanfe Atidade, described the foundation’s gesture as a significant effort towards food security and poverty alleviation.
A representative of the foundation, Mr Victor Ejiro, in his remarks, said Osun State is “dear to the heart of our chairman and his foundation, hence the need to prioritize the state.”
He added that the foundation has continuously targeted one million vulnerable Nigerians in its Annual National Food Intervention Program.
The 2025 rice distribution programme, according to Mr Ejiro, is targeted at beneficiaries in all the 774 local governments in Nigeria. He added that this is a direct response to cushioning the effect of the harsh economic conditions among the vulnerable.
It was gathered that representatives of various beneficiary groups were presented with their allocation of bags of rice, expressing their appreciation to ADF for the invaluable gesture and support.
Recall that in March 2025, the foundation commenced its 2025 National Food Relief Programme aimed at distributing over one million 10kg bags of rice across the 774 local government areas of the 36 states and FCT in Nigeria.
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