Newscoven
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Oyo NUJ Election: Online Chapel Alleges Plot To Disenfranchise Members •Demands Refund Of 2025 Annual Due

    Oyo NUJ Election: Online Chapel Alleges Plot To Disenfranchise Members •Demands Refund Of 2025 Annual Due

    SWDC Partners DAWN Commission For Accelerated Regional Development

    SWDC Partners DAWN Commission For Accelerated Regional Development

    Why Nigeria Can Never Become One-Party State -Makinde 

    Why Nigeria Cannot Become One-Party State -Makinde

    Sanusi Denies Link to Ibadan Protests •Rejects Political Accusations

    Sanusi Denies Link to Ibadan Protests •Rejects Political Accusations

    PDP Crisis: Why I’m Fighting Wike -Makinde

    PDP Crisis: Why I’m Fighting Wike -Makinde

    Online Media Practitioners Urged To Embrace Collaboration

    Online Journalists Urged To Embrace Collaboration To Remain Relevant

    Punch Newspaper Congratulates Sanusi On Conferment As Okanlomo Oodua

    Punch Newspaper Congratulates Sanusi On Conferment As Okanlomo Oodua

  • Entertainment
    Rotimo Plans Next Shockolate Show In UK

    Rotimo Plans Next Shockolate Show In UK

    Glo Hosts SheGlows 2025 To Champion Women’s Wellness, Growth

    Glo Hosts SheGlows 2025 To Champion Women’s Wellness, Growth

    Ilaji Football Group Unveils Global Vision Connecting Africa To Malta, Beyond

    Ilaji Football Group Unveils Global Vision Connecting Africa To Malta, Beyond

    We'll Immortalise Sinclair, Late Super Eagles Coach -Fubara

    We’ll Immortalise Sinclair, Late Super Eagles Coach -Fubara

    Zahra Buhari-Indimi Lights Up Abuja With Barcelona, African Legends Charity Match

    Zahra Buhari-Indimi Hosts Barcelona, African Legends Charity Match In Abuja Saturday

    Asiwaju Fasuyi: How Government Can Use Music to Help Nigerians

    Asiwaju Fasuyi: How Government Can Use Music to Help Nigerians

    Alebiosu, Tribune Deputy Editor, Ex-Oyo SWAN Chairman, Bags Veteran Sports Journalist Award

    Alebiosu, Tribune Deputy Editor, Ex-Oyo SWAN Chairman, Bags Veteran Sports Journalist Award

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
Thursday, December 4, 2025
No Result
View All Result
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Oyo NUJ Election: Online Chapel Alleges Plot To Disenfranchise Members •Demands Refund Of 2025 Annual Due

    Oyo NUJ Election: Online Chapel Alleges Plot To Disenfranchise Members •Demands Refund Of 2025 Annual Due

    SWDC Partners DAWN Commission For Accelerated Regional Development

    SWDC Partners DAWN Commission For Accelerated Regional Development

    Why Nigeria Can Never Become One-Party State -Makinde 

    Why Nigeria Cannot Become One-Party State -Makinde

    Sanusi Denies Link to Ibadan Protests •Rejects Political Accusations

    Sanusi Denies Link to Ibadan Protests •Rejects Political Accusations

    PDP Crisis: Why I’m Fighting Wike -Makinde

    PDP Crisis: Why I’m Fighting Wike -Makinde

    Online Media Practitioners Urged To Embrace Collaboration

    Online Journalists Urged To Embrace Collaboration To Remain Relevant

    Punch Newspaper Congratulates Sanusi On Conferment As Okanlomo Oodua

    Punch Newspaper Congratulates Sanusi On Conferment As Okanlomo Oodua

  • Entertainment
    Rotimo Plans Next Shockolate Show In UK

    Rotimo Plans Next Shockolate Show In UK

    Glo Hosts SheGlows 2025 To Champion Women’s Wellness, Growth

    Glo Hosts SheGlows 2025 To Champion Women’s Wellness, Growth

    Ilaji Football Group Unveils Global Vision Connecting Africa To Malta, Beyond

    Ilaji Football Group Unveils Global Vision Connecting Africa To Malta, Beyond

    We'll Immortalise Sinclair, Late Super Eagles Coach -Fubara

    We’ll Immortalise Sinclair, Late Super Eagles Coach -Fubara

    Zahra Buhari-Indimi Lights Up Abuja With Barcelona, African Legends Charity Match

    Zahra Buhari-Indimi Hosts Barcelona, African Legends Charity Match In Abuja Saturday

    Asiwaju Fasuyi: How Government Can Use Music to Help Nigerians

    Asiwaju Fasuyi: How Government Can Use Music to Help Nigerians

    Alebiosu, Tribune Deputy Editor, Ex-Oyo SWAN Chairman, Bags Veteran Sports Journalist Award

    Alebiosu, Tribune Deputy Editor, Ex-Oyo SWAN Chairman, Bags Veteran Sports Journalist Award

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
No Result
View All Result
Newscoven
No Result
View All Result
Home Business

Nigeria Lacks Regulatory Frameworks To Grow Maritime Sector -Utomi

Newscoven by Newscoven
August 22, 2023
in Business
Reading Time: 3 mins read
4 0
A A
0
Nigeria Lacks Regulatory Frameworks To Grow Maritime Sector -Utomi

Professor Pat Utomi.

6
SHARES
76
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

Renowned Political Economist, Professor Pat Utomi, has attributed the stunted growth in the nation’s maritime industry to lack of proper regulatory frameworks to make the sector prosperous.

He also said the sector has not managed to stipulate its possibilities due to leaders and politicians who still see the sector as a meal ticket.

Utomi stated this while speaking at a maritime roundtable workshop, organised by the NLNG Shipping and Marine Services Limited (NSML) and Utomapp Limited, held in Lagos.

He spoke on the theme, “Emerging Technology and Regulations in the Global Maritime Industry of the Future and the Impacts on the Nigerian Sector”.

RelatedPosts

2025 Agribusiness Int’l Summit: We’ve Transformed Agriculture Via Institutional Reforms -Makinde

Alleged Reckless Spendings, Corruption: NDPHC Clears MD, Adighije

We Didn’t Authorise 2026 Tax Stickers -Oyo State Internal Revenue Service

Professor Utomi warned that the country would continue to lag behind in the comity of nations, if it does not catch up with the trends and make laws that can ensure economic competitiveness.

Rather than leaders seeing the sector as a cash cow, he said the maritime industry is capable of solving the nation’s economic challenges with its tremendous possibilities.

“When you have an area that can transform your economy, you do not send boys to go and make money there.

“You find people who are capable of opening the place up and get them to go and transform your country.

“But regulators and people who lead do not understand what they are doing, because there is a challenge of purpose.

“The maritime sector is seen as a place where they send people to go and make money.

“This is an industry where we can solve the problem of this economy because the possibilities are tremendous. There are so many ventures that flow out of the maritime sector,” he said.

Utomi highlighted some of the technological changes that could influence the future of the sector in the country.

He said these include digital platforms for ship and cargo tracking, robotics, blockchain technology, autonomous ships and unmanned ports, as well as big data, Internet of Things and Artificial Intelligence.

He said inefficiencies in the Nigerian Port system have led to low productivity. He therefore appealed to regulators and legislators to continue to build their knowledge and liaise with industry clarity of national strategy.

Also speaking, a former Minister of the Interior, Captain Emmanuel Iheanacho, said technology is the way to go for Nigeria to achieve a prosperous maritime sector.

He said technology has vastly encroached on the delivery of maritime services, asking: “How ready are we?

“How do we understand technology and what kind of technology is it projecting into the future?”

Iheanacho, Managing Director of Genesis Worldwide Shipping, said Nigeria needed to start understanding and defining emerging technology that would drive the maritime sector.

“For a prosperous maritime sector, technology was the way to go. It is geared towards getting better output into the input made.

“Goods that are carried on ships are going to be cheaper. The lives of the seafarers are safer, and the environment is projected.

“With these, we will not want to be behind. We want to be at the forefront of defining how this goes,” the former Interior Minister said.

Managing Director of NLNG Shipping and Marine Services Limited (NSML), Abdulkadir Ahmed, also said stakeholders have significant roles to play in ensuring that Nigeria is not left behind in the new global maritime economy.

As strategic leaders and regulators of the maritime industry, he said there is a need to gain a comprehensive understanding of the complexities of the tropical issues.

He added that it is necessary to develop clear actions and guidelines that would guide regulators and place Nigeria on the pathway to success, through a safe, reliable and globally- competitive maritime industry.

Ahmed maintained that technological advancement and regulations are critical issues fully anchored on the objectives of ensuring a safe, reliable and sustainable industry.

He said analysing the issues within the context of the applicability of the nation’s maritime industry is vital, as they are bound to change the operations and dynamics of the sector.

The NSML Managing Director specifically gave instances of progress made by the company under his supervision.

Ahmed said NSML is at the vanguard of promoting the ideas of two issues as they affect its operations as a shipping and marine services company.

He said some measures were put in place for the company to be able to operate safely and efficiently in a deeply regulated and technologically-advanced maritime sector.

Ahmed stressed that it has become imperative that “we ‘future proof’ our people to ensure they possess the proper skills, capabilities and capacity through appropriate training and competency development programmes.”

According to him, compliance with standards and the drive for technological advancement are underpinned by the competence, capability and skill set of the people to achieving safety, efficiency and, ultimately, competitiveness.

During the panel session, the panelists bemoaned the country’s overarching regulations, stating that the regulations have no roadmap in the maritime space.

They cited as an example lack of roadmap on how carbon emissions are measured in shipping.

According to the panelists, solutions have been proffered at different fora but was no action taken by the government to implement the solutions.

author avatar
Newscoven
SendShare2Tweet2

Related Posts

2025 Agribusiness Int'l Summit: We’ve Transformed Agriculture Via Institutional Reforms -Makinde

2025 Agribusiness Int’l Summit: We’ve Transformed Agriculture Via Institutional Reforms -Makinde

by Newscoven
December 3, 2025
0
19

Oyo State governor, 'Seyi Makinde, said on Wednesday that his government has succeeded in transforming agriculture through institutional reforms. He...

Alleged Reckless Spendings, Corruption: NDPHC Clears MD

Alleged Reckless Spendings, Corruption: NDPHC Clears MD, Adighije

by Newscoven
November 30, 2025
0
23

Niger Delta Power Holding Company (NDPHC) has denied an allegation that its Managing Director/CEO, Engineer Jennifer Adighije, was involved in...

We Didn’t Authorise 2026 Tax Stickers -Oyo State Internal Revenue Service

We Didn’t Authorise 2026 Tax Stickers -Oyo State Internal Revenue Service

by Newscoven
November 29, 2025
0
130

The Oyo State Internal Revenue Service has called on the members of the public, especially traders and artisans, not to...

ICT | Science | Technology

Senate Confirms Olorunnimbe, Others Into NCC Board

Senate Confirms Olorunnimbe, Others Into NCC Board

November 6, 2025
72
Glo Unveils Collabo Bundles For Affordable Voice, Data Services

Glo Unveils Collabo Bundles For Affordable Voice, Data Services

November 5, 2025
27
Technology: Catalyst For Productivity, Sustainable Economic Development -Ekwunife

Technology: Catalyst For Productivity, Sustainable Economic Development -Ekwunife

October 26, 2025
105
Energy Supply Volatility, Multiple Taxation Militating Against Deployment Of Broadband -Maida

Energy Supply Volatility, Multiple Taxation Militating Against Broadband Connectivity -Maida

October 11, 2025
77
UNILAG Quietly Builds Africa’s First University Auto Assembly Plant

UNILAG Quietly Builds Africa’s First University Auto Assembly Plant

October 7, 2025
280
Prev Next

Health

Drug Addicts Have No Excuse On Treatment-Marwa

Drug Addicts Have No Excuse On Treatment-Marwa

June 30, 2022
272

Bridging Health Disparities: Senator Alli Fuels Community Wellness Drive |AKEEM ABAS

March 6, 2024
107

10 Health Benefits Of Daily Clapping Hands Exercise

August 9, 2022
885

Pfizer 2021, 2022 COVID-19 Vaccine Sales To Hit $65bn •US Regulators To Okay Administering Vaccine To 5-Year-Old Children

November 2, 2021
318

World Earth Day: Adeleke Approves Change Agenda

April 22, 2023
170

How Neuroplasticity Can Help You Get Rid Of Your Bad Habits

January 24, 2024
5
Prev Next
Newscoven

NewsCoven.com is an independent and unbiased online news medium determined to take a holistic approach to reportage of events, covering all spheres of human activities, with refreshed zeal and vigour.

Contact: +234-805-732-0978

Categories

  • Achievers | Appointments
  • Agriculture
  • Analysis
  • Arts | Book Review
  • Banking & Finance
  • Business
  • Church
  • Crime | Court | Judiciary | Security
  • Culture | Religion
  • Editorial | Discourse | Opinion
  • Education
  • Energy | Oil & Gas
  • Entertainment | Sports
  • Environment | Community | Eye Report | Metro
  • Feature
  • Health
  • Hotels | Travels | Tourism
  • ICT | Science | Technology
  • Interviews
  • Islam
  • News
  • Peoples | Events
  • Politics
  • Reflections With Dapo Falade
  • Science
  • Uncategorized
  • Woman's Essence by Motunrayo Busari
  • World

Recent News

Oyo NUJ Election: Online Chapel Alleges Plot To Disenfranchise Members •Demands Refund Of 2025 Annual Due

Oyo NUJ Election: Online Chapel Alleges Plot To Disenfranchise Members •Demands Refund Of 2025 Annual Due

December 4, 2025
2025 Agribusiness Int'l Summit: We’ve Transformed Agriculture Via Institutional Reforms -Makinde

2025 Agribusiness Int’l Summit: We’ve Transformed Agriculture Via Institutional Reforms -Makinde

December 3, 2025
2026 Hajj: Oyo Pilgrims To Take Off From Ibadan Airport -Sheikh Atere

2026 Hajj: Oyo Pilgrims To Take Off From Ibadan Airport -Sheikh Atere

December 3, 2025

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • About Us
  • Advertisement
  • Breaking News | Latest Nigerian News Today
  • Checkout
  • Contact Us
  • Disclaimer
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms of Use

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.