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Despite facing numerous challenges, Nigeria's maritime industry has the potential for growth and development, according to a recent report by the Sea Empowerment Research Centre. The report, which reviewed the industry's performance in 2024, highlighted the strategic impact of the Nigerian Maritime Administration and Safety Agency (NIMASA) and Tantita Security on security, as well as the advocacy efforts of the Maritime Reporters Association of Nigeria (MARAN). The report noted that the industry is hampered by safety and security concerns, including piracy, sea robbery, and illegal bunkering. However, it acknowledged the efforts of NIMASA and Tantita Security in tackling these challenges.…

As the year 2024 comes to a close, the Nigeria Customs Service, Area 2 Command, Onne, has achieved significant success in revenue generation, surpassing its target of 618 billion naira by generating a total revenue of 634 billion naira. This represents a 98% increase over the 2023 generated revenue. celebrating its remarkable achievements in the fight against smuggling and illicit trade. The  Customs Area Controller( CAC) of the  Command Comptroller Mohammed Babandede reiterated that the command has successfully intercepted and seized 12 containers of illicit medicine, valued at ₦20,309,890,800. The seized items include: 1,721,100 bottles of 100ml Cough Syrup Codeine…

  The Nigeria Customs Service, Tincan Island Port Command, has issued a statement to address misleading claims made by a 70-year-old US returnee, Mr. Olukayode David-Albert. The Command is setting the record straight regarding the alleged ₦76 million demanded to clear Mr. David-Albert's two vehicles and personal belongings. According to the ECOWAS Common External Tariff (CET) 2022–2026, Nigerian citizens who have resided outside Nigeria for at least nine months can import their personal belongings duty-free. However, this provision excludes vehicles or goods intended for sale, barter, or exchange . In Mr. David-Albert's case, while he is eligible to import his…

In just 18 months, Bashir Adewale Adeniyi, the Comptroller General of Nigeria Customs Service (NCS), has made an indelible mark on the country's economy and the welfare of officers and men in the service. His exceptional leadership has transformed the NCS into a beacon of efficiency and effectiveness. Revenue Collection: A Remarkable Feat Under Adeniyi's leadership, the NCS has recorded a remarkable 74% growth in revenue collection, from N2.58 trillion in June 2023 to N4.49 trillion in May 2024 . This achievement is a testament to his commitment to boosting the federal government's revenue collection. The NCS has also intensified…

Nigeria's preparedness for the African Continental Free Trade Area (AfCFTA) has been called into question by Segun Musa, Vice President of the National Association of Government Approved Freight Forwarders (NAGAFF). In a recent interview, Musa warned that Nigeria's infrastructural deficiencies and lack of production capacity make it vulnerable to becoming a dumping ground for goods from other African nations. Musa emphasized that sustainable production is crucial for Nigeria to benefit from AfCFTA. However, the country lacks key enablers such as stable energy supply, advanced technology, reliable infrastructure, and adequate security. "Without these, our participation will be limited to the importation…

The Nigerian Maritime Administration and Safety Agency (NIMASA) has been honored with the SERVICOM Award for its outstanding commitment to efficient service delivery. This recognition highlights NIMASA's dedication to enhancing service standards, transparency, and operational efficiency . The SERVICOM Award is a prestigious acknowledgment of government agencies that demonstrate exceptional public service. NIMASA's strides in providing top-notch services to the maritime industry, including maritime safety, regulation, and promoting Nigeria's maritime sector, earned the agency this notable recognition . Dr. Dayo Mobereola, NIMASA's Director General, expressed gratitude to the Presidency and the SERVICOM Office for acknowledging the agency's efforts. He assured…

The Nigeria Customs Service (NCS) has been praised for its crucial role in boosting Nigeria's economic recovery, as the Federal Government sets a ₦48 trillion expenditure target for 2025. According to the Minister of Finance, Mr. Olawale Edun, the NCS is expected to play a vital role in achieving the projected ₦35 trillion in revenue . Mr. Edun highlighted the NCS's importance during the 61st quarterly board meeting, stating that the agency had generated over ₦5 trillion by November 2024. He attributed the success to reforms introduced by President Bola Ahmed Tinubu. The government plans to secure concessionary loans, grants,…