Newscoven
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Nigeria's Crude Oil Must Provide Measurable Benefits To Nigerians -Makinde

    Nigeria’s Crude Oil Must Provide Measurable Benefits To Nigerians -Makinde

    2027 Elections: NUJ Urges Members To Be Security-Conscious

    2027 Elections: NUJ Urges Members To Be Security-Conscious

    Makinde To Traditional Rulers: Stay Away From Politics Or Be Abused

    Makinde To Traditional Rulers: Stay Away From Politics Or Be Abused

    2027: Evaluate Candidates On Competence, Character, Value, Adekanmbi Urges Media

    2027: Evaluate Candidates On Competence, Character, Value, Adekanmbi Urges Media

    Sanwo-Olu, Mohammed, Daniel, Others To Attend Freedom Online 7th Yearly Lecture

    Sanwo-Olu, Mohammed, Daniel, Others To Attend Freedom Online 7th Yearly Lecture

    APM Fixes New Date For Commissioning Of Makinde/Daura Presidential Campaign Office

    APM Fixes New Date For Commissioning Of Makinde/Daura Presidential Campaign Office

    Atiku's Subsidy Claim Will Reverse Gains Of On-going Reforms -Yilwatda

    Atiku’s Subsidy Claim Will Reverse Gains Of On-going Reforms -Yilwatda

  • Entertainment
    3SC Gets 32-Seater, 18-Seater Buses From Makinde

    3SC Gets 32-Seater, 18-Seater Buses From Makinde

    Film Review: Akinwale, Odule Locked In A Web Of Tragic Conundrums In Olowo Ana

    Film Review: Akinwale, Odule Locked In A Web Of Tragic Conundrums In Olowo Ana

    EMHF Heritage Event Hall Open To Public

    EMHF Heritage Event Hall Opens To Public

    Historic Send-Forth For Professor YK Ajao As Iseyin Honours Its Musical Pride

    Historic Send-Forth For Professor YK Ajao As Iseyin Honours Its Musical Pride

    Olukoya Builds Heritage Event Hall In Memory Of Music Aficionado, Femi Esho

    Olukoya Builds Heritage Event Hall In Memory Of Music Aficionado, Femi Esho

    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    From Church Keys Too Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

    From Church Keys To Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
Tuesday, September 8, 2026
No Result
View All Result
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Nigeria's Crude Oil Must Provide Measurable Benefits To Nigerians -Makinde

    Nigeria’s Crude Oil Must Provide Measurable Benefits To Nigerians -Makinde

    2027 Elections: NUJ Urges Members To Be Security-Conscious

    2027 Elections: NUJ Urges Members To Be Security-Conscious

    Makinde To Traditional Rulers: Stay Away From Politics Or Be Abused

    Makinde To Traditional Rulers: Stay Away From Politics Or Be Abused

    2027: Evaluate Candidates On Competence, Character, Value, Adekanmbi Urges Media

    2027: Evaluate Candidates On Competence, Character, Value, Adekanmbi Urges Media

    Sanwo-Olu, Mohammed, Daniel, Others To Attend Freedom Online 7th Yearly Lecture

    Sanwo-Olu, Mohammed, Daniel, Others To Attend Freedom Online 7th Yearly Lecture

    APM Fixes New Date For Commissioning Of Makinde/Daura Presidential Campaign Office

    APM Fixes New Date For Commissioning Of Makinde/Daura Presidential Campaign Office

    Atiku's Subsidy Claim Will Reverse Gains Of On-going Reforms -Yilwatda

    Atiku’s Subsidy Claim Will Reverse Gains Of On-going Reforms -Yilwatda

  • Entertainment
    3SC Gets 32-Seater, 18-Seater Buses From Makinde

    3SC Gets 32-Seater, 18-Seater Buses From Makinde

    Film Review: Akinwale, Odule Locked In A Web Of Tragic Conundrums In Olowo Ana

    Film Review: Akinwale, Odule Locked In A Web Of Tragic Conundrums In Olowo Ana

    EMHF Heritage Event Hall Open To Public

    EMHF Heritage Event Hall Opens To Public

    Historic Send-Forth For Professor YK Ajao As Iseyin Honours Its Musical Pride

    Historic Send-Forth For Professor YK Ajao As Iseyin Honours Its Musical Pride

    Olukoya Builds Heritage Event Hall In Memory Of Music Aficionado, Femi Esho

    Olukoya Builds Heritage Event Hall In Memory Of Music Aficionado, Femi Esho

    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    From Church Keys Too Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

    From Church Keys To Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

  • 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

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

Dangote Petroleum Refinery Launches Landmark IPO, Targets 10M Subscribers

Who Exactly Governs Nigeria: Abuja, Washington, or London?

WAEP Targets 24-Month Production Surge, Gas Monetisation To Unlock 1.6Bn Barrels

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.

SendShare2Tweet2

Related Posts

Dangote Petroleun Refinery Launches Landmark IPO, Targets 10M Subscribers

Dangote Petroleum Refinery Launches Landmark IPO, Targets 10M Subscribers

by Newscoven
September 7, 2026
0
19

Dangote Petroleum Refinery and Petrochemicals Limited has formally began the process of launching its Initial Public Offering (IPO) with the...

Who Exactly Governs Nigeria: Abuja, Washington, or London?

Who Exactly Governs Nigeria: Abuja, Washington, or London?

by Newscoven
September 7, 2026
0
18

"One is compelled to ask a question that should embarrass Africa's largest democracy. Who exactly governs Nigeria: Abuja, Washington or...

WAEP Targets 24-Month Production Surge, Gas Monetisation To Unlock 1.6bn Barrels

WAEP Targets 24-Month Production Surge, Gas Monetisation To Unlock 1.6Bn Barrels

by Newscoven
September 6, 2026
0
10

West Africa Exploration and Production Company (WAEP) is stepping up efforts to unlock more than 1.6 billion barrels of oil...

ICT | Science | Technology

3 Solution Teams Win ₦6m At NCC Hackathon

3 Solution Teams Win ₦6m At NCC Hackathon

August 31, 2026
12
NASENI Empowers 250 Abia Indigenes With Cookstoves, Home Solar Solutions, Others

NASENI Empowers 250 Abia Indigenes With Cookstoves, Home Solar Solutions, Others

August 30, 2026
10
NSEP: NASENI Empowers 1,000 Lagos Residents

NSEP: NASENI Empowers 1,000 Lagos Residents

August 30, 2026
10
NCC And Its Erroneous Implementation Of Public Service Rules

NCC And Its Erroneous Implementation Of Public Service Rules

August 22, 2026
36
NCC Declares Globacom Internet Growth Leader In May

NCC Declares Globacom Internet Growth Leader In May

August 9, 2026
9
Prev Next

Health

National Police Day 2025: Ogun Command Conducts Free Medical Outreach

National Police Day 2025: Ogun Command Conducts Free Medical Outreach

April 6, 2025
27

World Malaria Day: Oyo Govt Takes Steps To End Scourge

April 26, 2025
68

Oyo Gov’t Intensifies Efforts Against Diphtheria Outbreak

March 26, 2025
47

JDS Free Medical Outreach Reaches Akinyele/Lagelu Federal Constituency

November 20, 2024
18

Too Much Of Sperm Harmful To The Body

June 25, 2023
563

When A Government Hospital Kills: Who Protects The Patient?

July 19, 2026
15
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
  • Health Law & Human Dignity
  • Hotels | Travels | Tourism
  • ICT | Science | Technology
  • In The Eyes of the News
  • Interviews
  • Islam
  • Kaleidoscope With Anike
  • News
  • Peoples | Events
  • Politics
  • Reflections With Dapo Falade
  • Science
  • The Book Cast
  • The Ethics Pulse
  • Uncategorized
  • VOXPOPULI
  • Woman's Essence by Motunrayo Busari
  • World

Recent News

Dangote Petroleun Refinery Launches Landmark IPO, Targets 10M Subscribers

Dangote Petroleum Refinery Launches Landmark IPO, Targets 10M Subscribers

September 7, 2026
Nigeria's Crude Oil Must Provide Measurable Benefits To Nigerians -Makinde

Nigeria’s Crude Oil Must Provide Measurable Benefits To Nigerians -Makinde

September 7, 2026
Who Exactly Governs Nigeria: Abuja, Washington, or London?

Who Exactly Governs Nigeria: Abuja, Washington, or London?

September 7, 2026

© 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.