Author: The Nation

  • SMEDAN unveils 2026 roadmap to boost MSMEs with low-interest loans, job creation

    SMEDAN unveils 2026 roadmap to boost MSMEs with low-interest loans, job creation

    The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has reaffirmed its commitment to providing single-interest loans to Micro, Small, and Medium Enterprises (MSMEs) as part of ongoing government support for the sector. 

    The agency also unveiled its 2026 roadmap aimed at creating more jobs, easing access to affordable financing, and driving inclusive growth for small businesses nationwide.

    The Director-General of SMEDAN, Charles Odii, disclosed this during an interactive session with the media in Abuja, highlighting plans to build on the agency’s 2025 achievements. 

    The 2026 agenda includes creating over 90,000 direct jobs and disbursing ₦12 billion in affordable financing to MSMEs across Nigeria.

    Odii emphasised the importance of reducing the cost of doing business for small enterprises while ensuring government interventions reach their intended beneficiaries. 

    “Our focus is job creation and ensuring that small businesses can access finance at single-digit interest rates; anything above that is not sustainable for MSMEs, and the agency will not be a part of it,” he said.

    He added that SMEDAN will expand low-cost funding through partnerships with the Bank of Industry, state governments, and other development partners. Several states, including Kaduna, Enugu, and Zamfara, have adopted a matching-fund model, committing up to ₦1 billion each to support MSMEs in their jurisdictions. 

    Under these arrangements, funds can be accessed for three main purposes: boosting working capital, procuring workspaces or farms, and acquiring essential work tools, with strict monitoring to ensure funds are used solely for business growth.

    Beyond financing, SMEDAN is prioritising skills acquisition and inclusion, particularly for vulnerable and marginalized groups. 

    A key initiative in the 2026 roadmap is an inmate rehabilitation and reintegration programme, which will provide vocational training to prison inmates six months to a year before their release.

    “The initiative is designed to break the stigma faced by formerly incarcerated persons and reintegrate them into the productive economy. Many have told us that because of stigma, people do not want to employ them. SMEDAN wants to equip them with skills and work with employers to absorb them back into the workforce as responsible, employable citizens,” Odii explained.

  • NADF moves to fix farm input gaps, targets higher productivity

    NADF moves to fix farm input gaps, targets higher productivity

    The National Agricultural Development Fund (NADF) has engaged key stakeholders across the agribusiness value chain to review and strengthen modalities for improving agricultural input supply and boosting productivity in Nigeria.

    The engagement took place at the NADF Farm Input Supply Programme roundtable with processors held in Lagos.

    Speaking at the forum, the Executive Secretary of NADF, Mohammed Ibrahim, said the Fund remains committed to evidence-based learning and continuous process improvement as it reviews the first phase of the programme.

    Ibrahim, who was represented by the Head of Corporate Services, NADF, Abiodun Sosanya, explained that the pilot intervention was designed to enhance input supply and agricultural productivity across grower systems nationwide.

    He acknowledged that the pilot phase faced challenges that affected planting cycles and expected yields, noting that such difficulties highlighted the complexity of implementing large-scale agricultural interventions.

    “These challenges are real, and they underscore the complexity of implementing agricultural interventions such as the NADF–Farm Inputs Supply Programme,” he said.

    Despite the setbacks, Ibrahim reaffirmed the Fund’s commitment to working closely with processors to improve accountability and strengthen operational efficiency. 

    He urged processors to actively engage the Fund to achieve practical outcomes that would support improved input systems, increased productivity, and broader national agricultural transformation.

    “As we reflect on the implementation of the first phase of this programme, the NADF remains firmly committed to evidence-based learning and continuous process improvement for optimal efficiency in the delivery of our mandate.

    “The NADF remains optimistic that your insights, experiences, and recommendations will play an important role in shaping a more efficient, transparent, and climate-responsive second phase of the programme, ensuring better impact and sustainability,” he added.

    Industry players at the roundtable commended the initiative while calling for improvements ahead of the next phase.

    The Chief Executive Officer of Vemac Farms Limited, Oyo State, Femi Ojelade, said food security in Nigeria requires stronger collaboration among processors, smallholder farmers, and government agencies. He urged the NADF to ensure the timely delivery of inputs ahead of planting seasons.

    “We understand it’s the first phase. But in the second phase, they have to work assiduously to make sure that most processors actually get their inputs at least a month before the planting season,” Ojelade said.

    Similarly, the Managing Director of Arog Bio Allied Agro Services Limited, Aroge Temitope, described the scheme as supportive in ensuring a steady flow of raw materials along the agribusiness value chain.

    “For us, it’s a good project, and it’s actually very supportive of food security and wealth creation in rural areas,” he said.

    Temitope noted that the programme came at a critical time for his company, enabling it to access inputs and support for its outgrower base. He disclosed that through the NADF Agro 1.0 scheme, his firm was able to cultivate sufficient cassava for the 2025 and 2026 seasons across Ogun, Ondo and Ekiti states.

    On the future direction of the programme, the Head of Strategy and Planning at NADF, Adebanke Fajana, said the Fund aims to reach five million smallholder farmers under its Agro 2.0 scheme.

    According to her, the NADF is leveraging processors within the organised private sector as channels to reach smallholder farmers more effectively.

    Fajana said the Fund is working closely with processors to address challenges and lessons identified during the pilot phase, with a view to improving coordination and implementation in subsequent iterations.

    “We have a very robust system of monitoring and evaluation, with regional and state monitors who have boots on the ground to assess cultivation levels, input usage, and adoption of good agronomic practices,” she said.

    She added that the approach ensures not only the provision of inputs, but also their proper utilisation and the adoption of best agronomic practices by end-users, to maximise productivity and impact.

  • Minister commends COMEG for upholding professionalism, ethics in Nigeria’s mining sector

    Minister commends COMEG for upholding professionalism, ethics in Nigeria’s mining sector

    The Minister of Solid Minerals Development, Dr. Dele Alake, has lauded the Council of Mining Engineers and Geoscientists (COMEG) for maintaining high standards of professionalism, ethics, and global best practices in Nigeria’s mining industry.

    Dr. Alake made the commendation on Thursday during the 15th induction and oath-taking ceremony for the 2025 COMEG inductees, where 236 new mining and geoscience professionals and 23 corporate bodies were formally sworn in as members of the council.

    Describing COMEG as a strategic partner in President Bola Ahmed Tinubu’s Renewed Hope Agenda to diversify the economy through solid minerals, the Minister highlighted the council’s role in digital transformation, professional development, ethical enforcement, and the formalisation of artisanal and small-scale mining.

    Represented by his Permanent Secretary, Engr. Farouk Yabo, Dr. Alake urged the inductees to uphold professional integrity, embrace technology, and promote safety and environmental standards. 

    He also assured COMEG of continued federal government support through policy, funding, and legislation, urging stakeholders to harness Nigeria’s mineral resources to help achieve the administration’s $1 trillion economy target.

    Earlier, COMEG Registrar, Professor Zacheus Opafunso, commended Dr. Alake for providing the direction and institutional backing that enabled the successful delivery of the 2025 K-Entrepreneurship Training Programme in Nigeria’s solid minerals sector. 

    He noted that the Minister’s intervention ensured operational stability and policy continuity, particularly after the agency was removed from the federal budget in January 2024.

    Opafunso emphasised that Dr. Alake’s leadership was pivotal in securing national-level approval for the KME framework, strengthening engagement with the Office of the Head of Service and the Council on Establishment. 

    He revealed that 27 out of 30 committee members voted in favour of the KME integration proposal, a key milestone for advancing professional regulation, sector reforms, and capacity building within the mining industry.

    The Registrar also highlighted strategic partnerships and negotiations that reduced implementation costs from ₦72 million to ₦20 million, allowing the entrepreneurship programme to proceed despite limited funding. 

    He noted that the redesigned training—combining induction, technical learning, certification, and practical field sessions—aligns with the federal agenda to expand technical skills, create jobs, and drive economic diversification across the mining value chain.

    In his remarks, Director General of the Nigeria Geoscience Agency Survey (NGAS), Professor Olusegun Ige, charged the new members to uphold ethics, professionalism, and national service, emphasizing that mining engineers and geoscientists are central to Nigeria’s solid minerals development and economic growth.

  • No life lost in Auchi fire incident – Police

    No life lost in Auchi fire incident – Police

    The Edo State Police Command has clarified that no lives were lost in the fire caused by a tanker that fell in Auchi, the administrative headquarters of Etsako West Local Government Area.

    Viral videos had suggested fatalities occurred as people allegedly scooped fuel from the fallen tanker, and some reports claimed multiple explosions in different parts of Auchi. 

    However, the Edo Police spokesperson, Eno Ikoedem, stated that only a fire incident took place, not explosions.

    According to Ikoedem, the tanker fell at a hazardous spot along the Auchi–Okene highway at around 6:30 pm on Wednesday, causing fuel to leak into underground tunnels. Swift police intervention prevented people from collecting the fuel before it ignited. 

    “The fire resulted from a tanker that fell on the highway. Fuel gushed out of the tanker. Swift intervention of the police stopped people from scooping fuel. No casualty was recorded. Our men on the ground were able to cordon off the affected areas,” she said.

    Residents, however, reported explosions in underground drains where the fuel had seeped, claiming some injuries and damage to nearby buildings. 

    Witnesses said explosions were heard at Igbei Road, Igbo Shade, and along the Auchi–Okene Road, near Winners Junction. The police are yet to ascertain the full extent of the damage.

  • Detained Nigerian aircraft, personnel in Burkina Faso head to Portugal

    Detained Nigerian aircraft, personnel in Burkina Faso head to Portugal

    The Nigerian aircraft that was detained in Burkina Faso is expected to depart for Portugal on Thursday, The Nation has learned.

    The release of the 11 Nigerian soldiers and the aircraft followed a high-level meeting between the Federal Government and top officials of the Burkina Faso government. 

    Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, led a presidential delegation to meet with the country’s military ruler, Captain Ibrahim Traoré.

    According to a statement by the media aide to the Minister, Alkasim Abdulkadir, the meeting resolved the issues concerning the soldiers and the aircraft amicably, in the spirit of constructive engagement between both countries. 

    “In the same spirit of constructive engagement, the two governments amicably resolved the issue concerning Nigerian Air Force pilots and crew, reinforcing confidence and highlighting the effectiveness of dialogue in addressing sensitive matters,” the statement said.

    However, the Ministry of Foreign Affairs spokesperson, Kimiebi Ebienfa, clarified that the crew would not return directly to Nigeria. 

    The plane is scheduled to continue to Portugal for maintenance, as planned before the incident. “They are not coming to Nigeria, but proceeding to Portugal for the servicing of the aircraft. Will leave for Portugal today,” he told our Diplomatic correspondent.

  • UPDATED: Court orders INEC to accept Labour Party’s candidates for FCT council polls

    UPDATED: Court orders INEC to accept Labour Party’s candidates for FCT council polls

    The Independent National Electoral Commission (INEC) has been ordered to grant the Labour Party (LP) access code to enable it to upload the names and particulars of its nominated candidates for the Federal Capital Territory (FCT) area council election scheduled to hold in February 2026

    INEC is also ordered to upload the names and particulars of the LP’s nominated candidates for the FCT area council election and publish the same at the respective six area councils for public scrutiny within 48 hours pending the hearing of an existing motion on notice filed by the LP.

    Justice J. O. E. Adeyemi-Ajayi of the High Court of the Federal Capital Territory (FCT) issued the orders on December 16 while ruling on an ex parte motion for interim injunctions filed by the LP and moved by its lawyer, Christian Elom.

    In a supporting affidavit, the LP stated that it chose to approach the court after INEC allegedly failed to publish the names of its candidates for the February 2026 council elections as required, despite being duly notified.

    A certified true copy (CTC) of the enrolled orders as contained in the ruling on the motion ex parte, marked M/16037/2025, was seen on Thursday.

    The orders read:

    *An interim injunction is hereby granted, directing the defendant (INEC) to grant access code to the claimant/applicant (LP) to upload the names and particulars of its nominated candidates for the FCT area council election scheduled to hold in February 2026 by the defendant within 48 hours pending the hearing of the motion on notice. 

    *An interim injunction is hereby granted directing the defendant to upload the names and particulars of the claimant/applicant’s nominated candidates for the FCT area council election and publish the same at the respective six area councils for public scrutiny within 48 hours pending the hearing of the motion on notice. 

    *This interim injunction is hereby made this day upon application ex-parte which shall abate seven days from today unless extended before the abatement of the order. 

    Justice Adeyemi-Ajayi proceeded to grant an accelerated hearing in the case and adjourned till January 27 next year for the hearing of the motion on notice.

    The LP stated, in its support affidavit, that it gave the notice of its primary elections to the defendant (INEC) within the time frame provided by the law 

    The party added that after its primary elections, and within the 180 days provided by the law, it submitted the list of the candidates who emerged from the primaries it conducted and whom it proposes to support at the election, to INEC, in the prescribed forms. 

     The LP argued that INEC is duty-bound to, within seven days of receipt of the particulars of the candidates, publish the same in the constituency in which the candidates intend to contest the election. 

    The party added that the law mandates the defendant (INEC) to, at least 150 days before the day of the election, publish, by displaying at the relevant office or offices of the defendant, and on the defendant’s website, a statement of the full names and addresses of the candidates standing nominated by the claimant.

    The LP accused INEC of allegedly failing to perform these statutory responsibilities.

  • Tin Can Customs leverages media capacity workshop to drive reforms

    Tin Can Customs leverages media capacity workshop to drive reforms

    The Tin Can Island Port Command of the Nigeria Customs Service (NCS) has trained over 100 maritime journalists in a sustained capacity-building programme aimed at strengthening compliance, trade facilitation, and accurate reporting as Customs accelerates its modernisation drive anchored on the Customs Act 2023 and the B’Odogwu Unified Customs Management System.

    The second batch of the Maritime Journalists Training Workshop, held at the Command on Wednesday, underscored Customs’ push to align Nigeria’s port operations with global best practices while closing knowledge gaps that often fuel misconceptions about cargo clearance, port delays, and compliance enforcement.

    Declaring the workshop open, the Customs Area Controller (CAC), Tin Can Island Port Command, Comptroller Frank Onyeka, said the initiative came at a critical phase of the Service’s reforms, stressing that an informed media was indispensable to transparency, accountability, and public enlightenment in the maritime sector.

    He said, “The media, especially maritime journalists, play a strategic role in this journey, as partners in information dissemination, public enlightenment, and accountability.

    “As we deliberate on compliance, collaboration, and modernisation, our collective goal is to align the Nigeria Customs Service with global best practices while promoting national economic growth and national security.”

    He explained that the training was designed to deepen journalists’ understanding of Customs operations, compliance requirements, and trade facilitation tools, while also addressing long-standing misconceptions surrounding port processes. 

    Onyeka added that the Comptroller-General of Customs, Dr. Adewale Adeniyi, places high priority on stakeholder collaboration, noting that effective service delivery could only be achieved through collective effort with the media, private sector operators, and other government agencies.

    The workshop, which had as its theme “Compliance, Collaboration and Modernisation: Aligning the Nigeria Customs with Global Best Practices,” featured five technical and professional sessions covering the NCS Act 2023, the B’Odogwu platform, the Authorised Economic Operator (AEO) programme, Time Release Study (TRS), global supply chain security under the World Customs Organisation (WCO) SAFE Framework of Standards, and ethics in maritime journalism.

    In Session one, Deputy Comptroller Chinyere Nwachukwu provided an overview of the NCS Act 2023, explaining that the law repealed the Customs and Excise Management Act (CEMA) of 1958 after 65 years, in response to rapid technological advancement and evolving global trade practices. She said the new Act introduces clearer institutional structures, expands enforcement and investigative powers, modernises procedures, and embeds trade facilitation and compliance provisions aligned with international standards.

    According to her, the Act prescribes stiffer sanctions to deter violations, including imprisonment, fines of up to N50 million, monetary penalties, forfeiture of goods, and the suspension or revocation of licences. 

    “A proper understanding of the NCS Act 2023 will enable maritime journalists to report more accurately on trade, enforcement, and port activities, thereby promoting transparency and accountability,” she noted.

    The second session focused on the B’Odogwu Unified Customs Management System, with Assistant Comptroller Mary-Anne Egwunyenga describing the platform as more than an IT solution but a legally grounded trade facilitation and governance tool driving Customs reforms. 

    She said B’Odogwu directly impacts cargo clearance timelines, cost of doing business, revenue assurance, and trade data integrity by simplifying and automating processes without weakening regulatory control.

    “B’Odogwu makes legitimate trade faster, more predictable, and more transparent, while strengthening risk management and inter-agency collaboration,” Egwunyenga said, highlighting features such as paperless PAAR processing, improved cargo tracking, smarter data management, and nationwide visibility of cargo movement.

    On customs modernisation, AC Adeiza Ibrahim explained that the AEO programme and Time Release Study are flagship instruments aligning Nigeria with WCO standards, aimed at easing bottlenecks, improving competitiveness, and strengthening revenue assurance across ports and border stations.

    Addressing global supply chain security, Deputy Comptroller Azikiwe Ejidoh said modern Customs administration must balance trade facilitation with effective control. 

    He described security as a collective responsibility and outlined the WCO SAFE Framework’s three pillars, including Customs-to-Customs, Customs-to-Business, and Customs-to-Other Government Agencies cooperation, as critical to building a secure and resilient global supply chain.

    Beyond technical sessions, the workshop also challenged journalists on professionalism and ethics. In a presentation titled “Recalibrating the Compass: Character as the True North of Maritime Journalism,” Publisher of Inside Watch Africa, Oluwaseyi Adeyemo, urged reporters to see themselves as critical stakeholders in the growth of Nigeria’s maritime industry.

    “If the maritime sector must grow, we must grow in character. Character is our true North. Nigeria does not need more maritime stories; Nigeria needs better maritime journalism,” Adeyemo said.

    Earlier, the training coordinator, Innocent Orok, said the programme was conceived in 2024 following a media report alleging that Customs caused delays to extort importers, leading to high demurrage and increased prices of goods. He explained that such issues had been addressed decades ago through trade facilitation tools, highlighting the need to equip journalists with accurate knowledge of Customs processes.

    Orok said the first batch of the training was held on November 1, 2024, under the leadership of the then Comptroller, now Deputy Comptroller-General, Dera Nnadi, while the second batch was organised to accommodate more journalists. He commended Comptroller Onyeka for what he described as an unprecedented commitment to media development and capacity building.

    Participants from across the maritime media spectrum described the programme as highly impactful, noting the training would significantly enhance the quality and depth of their reporting on Customs operations and the broader maritime industry.

    The one-day workshop concluded with the presentation of certificates, plaques, and modern electronic work tools to participants and resource persons, underscoring the Service’s commitment to strengthening professionalism in maritime journalism in line with its push to align port operations with global best practices.

  • I was abandoned by PDP – Fubara

    I was abandoned by PDP – Fubara

    …says ‘I didn’t think twice before defecting to APC’ 

    Rivers State Governor, Siminalayi Fubara, has revealed that the opposition Peoples Democratic Party (PDP) abandoned him during a challenging period, which resulted in his six-month suspension from office. 

    He also described his defection to the ruling All Progressives Congress (APC) as one of the easiest political decisions he has ever made.

    Fubara made the remarks to journalists following his maiden visit to the APC National Working Committee (NWC) at the party’s national headquarters in Abuja on Wednesday night.

    Reflecting on his departure from the PDP, the governor said he has no regrets, noting that the opposition party was largely absent during his trials. 

    “If I have to be honest, was I really a member of the PDP? I wasn’t. Whatever I suffered during the political crisis, 90 percent of it was imposed on me by the party,” he said. He humorously added that during the crisis, he felt neither inside nor outside the party, describing himself as “at the balcony.”

    On joining the APC, Fubara described the move as simple and motivated by gratitude. “I think my transition was one of the easiest things I have done in my life. Showing appreciation and gratitude is easy,” he said. 

    He added that his defection was aimed at supporting President Tinubu and collaborating with other progressives to develop Rivers State and Nigeria at large, calling the decision straightforward given his political journey.

    On his visit to Muhammadu Buhari House, Fubara said, “I can’t belong to a house without first coming into the house and understanding how it is arranged. I felt it would be proper for me to visit the national secretariat to familiarise myself with the members and the operations. This way, when I come here next time, it won’t feel as if I am a new person.”

    “So, I am here to assure you that I have come in, and we will work together to ensure that this party becomes greater than it is. The greatness we all desire from this party is the success of Mr. President. We cannot grow or expand if Mr. President is not succeeding. I can assure you that we are already showing evidence of success in my state through what we are delivering and the number of people affirming their support,” he said.

    Assuring members of the NWC of his commitment to the party and President Bola Ahmed Tinubu, the governor said, “Because you (NWC members) are standing with Mr. President, we are now standing with Mr. President. On behalf of the good people of Rivers State, my supportive members of the National Assembly, and members of the State Assembly who are with us, I can assure you that your new home is Rivers State,” he said. 

    APC National Chairman, Prof. Nentawe Goshwe Yilwatda, expressed happiness over the defection of the governor to the party.

    Yilwatda, who was represented by the National Secretary, Senator Ajibola Basiru, said, “I will say that, as a party, we are very happy that you have decided to join because, with your orientation, you are progressive and true, and, of course, you complete the circle for us in the South-South region.

    “The geopolitical zone is the first that is completely APC. For people who are political watchers, if you have the South in any political party, I think the strength and the energy of that political party are more than half the power.

    “So we are very confident that you are joining our party. The strength of our party, if it was at Power 15 before, it is now much better—it has become Power 100,” he said.

    The governor, who arrived at the secretariat at about 6:50 pm, to the waiting hands of the National Secretary, Senator Ajibola Basiru, National Welfare Secretary, Hon. Donatus Nwapa, and Deputy National Organizing Secretary, Nze Chidi Duru.

    The Minister of Aviation and Aerospace Development, Festus Keyamo (SAN), was also at hand to receive the governor. 

    Clad in a white kaftan and a black cap, the governor told the National Secretary, “I am supposed to join the Progressive Governors meeting, but I feel I should come here before the meeting.”

  • Court orders INEC to accept Labour Party’s candidates for FCT council polls

    Court orders INEC to accept Labour Party’s candidates for FCT council polls

    The Independent National Electoral Commission (INEC) has been ordered to grant the Labour Party (LP) access code to enable it to upload the names and particulars of its nominated candidates for the Federal Capital Territory (FCT) area council election scheduled to hold in February 2026

    INEC is also ordered to upload the names and particulars of the LP’s nominated candidates for the FCT area council election and publish the same at the respective six area councils for public scrutiny within 48 hours, pending the hearing of an existing motion on notice filed by the LP.

    Justice J. O. E. Adeyemi-Ajayi issued the orders on December 16 while ruling on an ex parte motion for interim injunctions filed by the LP and moved by its lawyer, Christian Elom.

    In a supporting affidavit, the LP stated that it chose to approach the court after INEC allegedly failed to publish the names of its candidates for the February 2026 council elections as required, despite being duly notified.

    A certified true copy (CTC) of the enrolled orders as contained in the ruling on the motion ex parte, marked M/16037/2025, was seen on Thursday.

    The orders read:

    *An interim injunction is hereby granted, directing the defendant (INEC) to grant access code to the claimant/applicant (LP) to upload the names and particulars of its nominated candidates for the FCT area council election scheduled to hold in February 2026 by the defendant within 48 hours pending the hearing of the motion on notice. 

    *An interim injunction is hereby granted directing the defendant to upload the names and particulars of the claimant/applicant’s nominated candidates for the FCT area council election and publish the same at the respective six area councils for public scrutiny within 48 hours pending the hearing of the motion on notice. 

    *This interim injunction is hereby made this day upon application ex-parte which shall abate seven days from today unless extended before the abatement of the order. 

    Justice Adeyemi-Ajayi proceeded to grant an accelerated hearing in the case and adjourned till January 27 next year for the hearing of the motion on notice.

    The LP stated, in its support affidavit, that it gave the notice of its primary elections to the defendant (INEC) within the time frame provided by the law 

    The party added that after its primary elections, and within the 180 days provided by the law, it submitted the list of the candidates who emerged from the primaries it conducted and whom it proposes to support at the election, to INEC, in the prescribed forms. 

     The LP argued that INEC is duty-bound to, within seven days of receipt of the particulars of the candidates, publish the same in the constituency in which the candidates intend to contest the election. 

    The party added that the law mandates the defendant (INEC) to, at least 150 days before the day of the election, publish, by displaying at the relevant office or offices of the defendant, and on the defendant’s website, a statement of the full names and addresses of the candidates standing nominated by the claimant.

    The LP accused INEC of allegedly failing to perform these statutory responsibilities.

  • Fed Govt backs Bakassi Deep Seaport as Oyetola issues compliance certificate

    Fed Govt backs Bakassi Deep Seaport as Oyetola issues compliance certificate

    The Bakassi Deep Seaport has achieved a major regulatory milestone as the Minister of Marine and Blue Economy, Adegboyega Oyetola, presented the project’s Certificate of Compliance to Cross River State Governor, Bassey Otu, following recent approval by the Federal Executive Council (FEC).

    The presentation, which took place in Abuja, signals fresh momentum for the deep seaport project and reinforces the federal government’s commitment to expanding the country’s maritime infrastructure under President Bola Tinubu’s Renewed Hope Agenda.

    Presenting the certificate, Oyetola described the Bakassi Deep Seaport as a strategic national asset capable of repositioning Nigeria as a competitive maritime and logistics hub. He assured that the federal government would continue to support Cross River State to ensure the successful delivery of the project.

    “This project has the capacity to significantly boost livelihoods, create jobs, and expand economic opportunities not only for Cross River State but for Nigeria as a whole,” Oyetola said.

    He also commended Otu for what he described as the commitment and pace at which the state government is driving the project, adding that sustained collaboration between the federal government, the state, and private sector partners would be critical to bringing the port to fruition.

    The minister linked the project directly to the administration’s broader economic and infrastructure reform agenda, noting that deep seaports remain central to Nigeria’s ambition to become a leading maritime and logistics hub in Africa.

    Receiving the certificate, Otu described the moment as historic, calling it a major milestone in Nigeria’s effort to unlock the full potential of the marine and blue economy.

    “Receiving this certificate is a significant boost that brings balance and momentum to our pursuit. I am confident that with the professionalism, diligence, and commitment of the ministry and private sector players, we are firmly on track with the deep seaport project,” he said.

    The governor said Cross River State is strategically positioned to play a leading role in Nigeria’s maritime development, drawing comparisons with Brazil and other coastal nations that have successfully leveraged maritime assets to drive economic growth.

    He also commended the president for establishing the Ministry of Marine and Blue Economy and for appointing Oyetola as minister, describing both decisions as timely and critical to the growth of the sector.

    Also speaking, the Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Jobson Ewalefoh, described the Bakassi Deep Seaport as a game-changer for Nigeria’s maritime and logistics ecosystem.

    According to him, the project would open a new maritime gateway for the country’s North-Central and North-East regions, while strengthening Nigeria’s position as a major logistics hub for West and Central Africa.

    The Bakassi Deep Seaport is expected to complement existing port infrastructure, decongest major gateways and support the Federal Government’s drive to expand trade, boost revenue and deepen participation in the blue economy.