Bashir Jamoh, the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), has on Wednesday, May 10, called for collaboration among operators in the tourism and maritime sectors in Nigeria, that with the enormous resources in the maritime sector, the “tourism industry will be an easy and low hanging fruit for Nigeria’s economic development agenda”. At the 6th National Tourism Transportation Summit and Expo organised…
Stop Neglect of Natural Gas Infrastructure Now
This twilight of Muhammadu Buhari’s All People’s Congress (APC) government appears a most convenient time to present the administration’s scorecard preferably in the form of reminding it of what it promised (and supposed to do as a people’s-oriented government which it claimed to be) but did not or has not done. This will be with…
FIRS Charged With Aggressive Education, Media Partnership
For the Federal Inland Revenue Service, FIRS to further improve on its achievement on collection of tax for development in Nigeria, the Service must increase its drive for education, as well as its partnership with the media. This was the consensus at a one-day training programme for editors and financial correspondents in Lagos over the…
Nigeria’s Floating Dry Dock to Generate Huge Revenue-NIMASA DG
There is good news about Nigeria’s Floating Dry Dock said to have been abandoned since it was acquired in 2018. The dock which was acquired at the cost of $50 billion by the Nigerian Maritime Administration and Safety Agency, NIMASA was intended to enhance the development of the maritime industry in Nigeria. Stakeholders had complained…
Why Emefiele Walked Alone
In its September 2021 edition of CBN Update, the Central Bank of Nigeria (CBN) declared that, beyond its traditional role of ensuring monetary and price stability as well as promoting a sound financial system in Nigeria, it was poised to fulfill the pledge of the Governor to create a people-focused central bank by engendering initiatives…
Nigeria as Domain of the Demented
Desirous of foreign loan to invigorate the ailing Nigerian economy, a Nigerian President set off from the sprawling, multiple mansion presidential lodge in Aso Rock, Abuja to London for a meeting with his British counterpart. Driven in a 36-car motorcade of stretch limousines and other luxurious cars to Nnamdi Azikiwe International Airport (NAIA), he boarded…
How Fear of Job Loss Whittles Down Powers of Auditors General
In his audit report for the year 2021, Paul Oghene Aghanenu, auditor general of Delta State, made some strong indictments, querying several financial transactions of some ministries and agencies of government. He also raised issues of suspected tax evasion and non-recovery of outstanding loans from beneficiaries, even as far back as between 2009 and 2013.…
Submarine Cables: NIMASA, NCC Agree on Regulation
Dr. Bashir Jamoh DG NIMASA and Prof. Umar Danbatta NCC The days of indiscriminate laying of underwater cables in Nigeria may soon be over. That is because the government, through an inter-agency collaboration, has started to explore means of regulating the laying of the cables by the relevant operators.To this end, the Nigerian Maritime Administration…
When a Good Policy Gets Mismanaged
The CBN admitted upfront, when they put out their intention of this policy, that they have lost control of the currency in circulation, with up-to 80% of the currency in circulation, outside the Banking system.For this writer, this was a good enough reason to give the policy support. It was thought that the large cash in the…
CBN Extends Deadline for Old Naira Notes
The Central Bank of Nigeria, CBN has announced that the deadline for the old notes to cease being a legal tender is no longer January 31, 2023. It has now been shifted to February 10,2023. A statement by the apex bank said, “we have sought and obtained Mr President’s approval for the following: A 10-day…
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