Connect with us

News

FG Decries Massive Effect of Corrosion on Nation’s Economy

Published

on

FG Decries Massive Effect of Corrosion on Nation’s Economy

By: Michael Mike

The federal government has decried the massive effect of corrosion on the nation’s oil production and economy.

Speaking at the 2023 Nigerian Corrosion Association conference, NICA in Abuja on Monday, the Minister of State for Environment, Dr. Iziaq Salako said according to Nigeria Extractive Industries Transparency Initiative (NEITI) over 270 million barrels of national commercial crude oil production was lost between 2016 and 2020, at an estimated revenue loss of $14.6 billion, due to corrosion, operational faults and other factors.

He said furthermore, in 2021, 193 million barrels of crude oil deficit was allegedly recorded, which translated to an estimated $3.5 billion of revenue, about 10% of the country’s foreign reserves, noting that: “Corollary to revenue deficits are incidents of air and water pollution, loss of vegetation, land contamination, climate effects, manifesting in loss of livelihoods, quality of life, pollution burdens of diseases in impacted communities and huge costs of remediation and rehabilitation.”

The Minister, who was represented by a Director in the Ministry, Engineer Dilichukwu Etigbue said: “The costs associated with corrosion impacts on critical assets and associated losses are rapidly becoming unacceptable, but really hardly completely mitigatable, in today’s world where sustainability is a priority.

“Therefore, deploying appropriate eco-friendly strategies for corrosion management is not only the best sustainable infrastructural development, but a smart investment preventing highly expensive industrial failures and accidents. It also mitigates other safety hazards, linked indirectly with health,
quality of environment and carbon-footprints. The cumulative benefits thereof include an increased public safety, reliable performance, maximised assets life, environmental protection, and more cost‐effective operations on the long term.”

He assured that: “Federal Ministry of Environment places a premium on inclusive stakeholders’ participation in environmental governance,” soliciting for the support of NICA and other critical players in advancing a paradigm shift from traditional control processes with carbon and human/environmental exposure footprints, to sustainable effective, economic and environmentally friendly corrosion protection technologies/processes, in order to guarantee long-term sustainability of our national infrastructures and structures.

On the international level, he said a two-year study by the National Association of Corrosion Engineers (NACE), United States of America, estimated the corrosion cost as $2.5 trillion per year, or around 3% of global Gross Domestic Products (GDP).

He noted that: “The study, however, projected that implementing best practices in corrosion prevention could result in as much as $875 billion in savings. This claim was also corroborated by the World Corrosion Organisation (WCO).”

He decried that corrosion is also one of the major legacy challenges facing Petroleum Refineries and Chemical Process Industries globally, some of which have recorded incidental accidents leading to destruction of infrastructures and loss of personnel, he added that: “Among these are the Caribbean Petroleum Refining Tank Explosion and Fire Puerto Rico, 2009; Chevron Refinery in Richmond, California (2012); and Bhopal Pesticide Plant, India Incident of 1984, one of the world’s largest industrial disasters, resulting in the ill-fated death of nearly 8,000 people.”

The Minister of Transportation, Marine and Blue Economy, Gboyega Oyetola said that prevention and control of corrosion cannot be undertaken by the government alone, especially in the face of emerging innovations and advances in technological developments in addressing this phenomenon.

Oyetola while was represented by a Director in the Ministry, Engineer Shogo Omotayo said; “The significance of this conference in terms of addressing the critical issue of corrosion in building environmentally resilient infrastructures and the need to maintain their integrity over their service life couldn’t have come at a better time as the Nigerian Government intensifies its commitments to expanding public Infrastructures and utilities for improved economic and social development.”

According to him, “This conference will produce workable and implementable outcomes to address the challenges of corrosion in the development of public infrastructures and utilities in all sectors for the Nation’s benefit.”

On his part, the President Nigerian Corrosion Association, Mr Ese Ochoga said the conference aimed to educate and enlighten the society on the best practices in physical assets protection management in improving the GDP, as well as public and environmental safety.

“The theme of our conference this year is an inclusive one, as it hones on the impact of corrosion on the public infrastructure and utilities, which is common to us all,” he said.

Ochoga noted that the conference would also help present the unique perspective of the materials and corrosion specialist insights and recommendations in managing and maintaining public infrastructures.

He said: “We are here today at the Annual Conference of the Nigerian Corrosion Association, importantly, the corrosion is addressing the issue of building sustainable infrastructure by ensuring that there is corrosion resistant or resilient to corrosion. Corrosion comes from environmental sources and as the environment varies, the corrosion impact also varies some lower and some higher, the corrosion professional is always monitoring this to ensure that infrastructure or structures are viewed to be able to withstand the peculiar environment that is bound to a counter because of his service, that’s why we’re here and the conference is going to address this issue.”

The Nigerian Corrosion Association established in 1988 by industry practitioners and academicians, provides opportunities for excelling in the fields of corrosion science and engineering practices.

It also assess and proffer solutions to the interwoven adverse effects of the environment and corrosion on modern civilization.

”Corrosion Control of Public Infrastructures and Utilities,” was the theme of the 2023 Annual National Conference. It was organised by the Nigerian Corrosion Association (NICA) and hosted by Federal Ministry of Environmennt.

FG Decries Massive Effect of Corrosion on Nation’s Economy

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Inclusive Investment in Vulnerable Women Critical to Nigeria’s $1tn Economy Goal – Uzoka-Anite

Published

on

Inclusive Investment in Vulnerable Women Critical to Nigeria’s $1tn Economy Goal – Uzoka-Anite

By: Michael Mike

Nigeria’s ambition to build a one-trillion-dollar economy will remain incomplete without deliberate investment in vulnerable women and girls, Minister of State for Budget and Economic Planning, Doris Uzoka-Anite, has said.

The minister stated this on Tuesday in Abuja during a symposium organised to commemorate the 2026 edition of International Women’s Day and Women’s Month, where stakeholders called for stronger policies to address the challenges facing women with special needs across the country.

Speaking at the event themed “Rights, Justice, Action for Women & Girls With Special Needs in Nigeria: Exploring Strategies & Approaches for Acceleration and Impacts,” Uzoka-Anite stressed that targeted support for vulnerable women is not merely a social welfare responsibility but a strategic economic investment.

According to her, women living with HIV, persons with disabilities, elderly women and internally displaced persons remain among the most excluded groups in development planning despite their potential to contribute significantly to economic growth.

She explained that the administration of President Bola Ahmed Tinubu is shifting Nigeria’s public finance framework from traditional expenditure-based budgeting to investment-driven planning aimed at producing measurable economic outcomes.

The minister said the proposed National Development Plan for 2026–2030 would prioritise inclusive growth as Nigeria works toward building a $1 trillion economy.

Uzoka-Anite noted that when vulnerable women receive economic opportunities and protection from violence, the impact extends beyond individuals to families and communities.

“When an internally displaced woman receives livelihood support and security, she does not remain dependent. She becomes a trader, an entrepreneur and a pillar for rebuilding her family and community,” she said.

She added that inclusive policies generate stronger economic returns and represent one of the most efficient uses of public resources.

According to her, the Ministry of Budget and Economic Planning is strengthening gender-responsive and disability-inclusive planning within Nigeria’s national development framework, while also introducing systems to track whether government spending reaches the most vulnerable populations.

Earlier, the Representative to UN Women and ECOWAS, Beatrice Eyong, said the event was designed to spotlight women whose struggles are often overlooked in policy formulation.

She noted that women facing multiple forms of vulnerability—such as those living with HIV, women with disabilities and internally displaced women—frequently experience overlapping discrimination driven by poverty, stigma and social exclusion.

Also speaking, the Country Director of UNAIDS in Nigeria, Boonto Krittayawa, warned that progress toward gender equality remains slow globally and requires stronger political commitment.

She pointed to persistent gaps in political representation, economic participation and access to opportunities for women, stressing the need for targeted investments and legal reforms to accelerate progress.

Nigeria’s Minister of Women Affairs, Imaan Sulaiman-Ibrahim, represented by her Special Assistant, Princess Joan Jumai, said the government is strengthening programmes designed to address the needs of women facing multiple layers of discrimination.

She highlighted initiatives such as the Renewed Hope Social Impact Intervention 774, which aims to expand social protection and economic empowerment for vulnerable women across Nigeria’s 774 local government areas.

In her remarks, Acting Deputy Representative of UN Women in Nigeria, Patience Ekeoba, said the symposium provided a platform for women with special needs to share their experiences and influence policies affecting them.

She added that the meeting would conclude with a communiqué outlining key challenges and policy recommendations aimed at strengthening protection, inclusion and economic participation for vulnerable women across the country.

Inclusive Investment in Vulnerable Women Critical to Nigeria’s $1tn Economy Goal – Uzoka-Anite

Continue Reading

News

Nigeria Secures Strategic Role in Global Digital Economy at World Data Organization Launch

Published

on

Nigeria Secures Strategic Role in Global Digital Economy at World Data Organization Launch

By: Michael Mike

In a landmark move aimed at cementing its influence in the global digital economy, Nigeria participated in the launch of the World Data Organization (WDO) in Beijing, China.

At the event, which held on Monday, the country was represented by Director-General and Global Liaison of the Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe alongside Head of International Relations at NCSP, Judy Melifonwu.

The WDO, headquartered in Beijing, is the first international body dedicated to advancing data governance, enabling secure cross-border data flows, and promoting the inclusive growth of the digital economy. Its launch brings together global powers seeking to address the digital divide, enhance cybersecurity, and establish standards that ensure equitable benefits from data-driven development.

Speaking on behalf of Chinese President Xi Jinping, Ding Xuexiang outlined the organisation’s three strategic pillars: facilitating the free and secure flow of data across borders, promoting inclusive digital development, and establishing coordinated global frameworks to protect data from cyber threats.

For Nigeria, participation at the WDO’s founding stage represents a deliberate, forward-looking strategy under the Renewed Hope Agenda. Analysts note that it positions the country to influence global digital governance standards, accelerate access to emerging technologies, and participate in international research initiatives. Such engagement is expected to strengthen Nigeria’s digital infrastructure, enhance the competitiveness of startups and financial institutions, attract foreign direct investment, and generate high-value employment opportunities for the nation’s growing youth population.

Furthermore, the WDO platform allows Nigeria to deepen collaboration in cybersecurity, enabling the country to contribute to international frameworks that safeguard national data, combat cybercrime, and ensure digital sovereignty.

Observers said Nigeria’s involvement reflects a strategic evolution in the Nigeria–China partnership, which has moved beyond traditional infrastructure projects toward high-impact, technology-driven cooperation. By joining the WDO, Nigeria positions itself to harness the opportunities of the Fourth Industrial Revolution, ensuring that technological innovation drives sustainable growth across critical sectors such as agriculture, healthcare, governance, and finance.

“The participation of Nigeria at the WDO launch is not only symbolic; it is a tangible assertion of the country’s intent to be at the forefront of global digital governance,” said a senior NCSP official. “It ensures that Nigeria has a voice in shaping rules that govern the digital economy while unlocking opportunities that directly benefit its citizens and businesses.”

The WDO’s establishment is being hailed as a critical step in bridging the global digital divide, offering developing nations like Nigeria an unprecedented opportunity to integrate into global digital networks while safeguarding national interests.

With its seat at the WDO table, Nigeria is now strategically positioned to influence global data policies, strengthen cybersecurity frameworks, and drive innovation-led economic growth in the emerging digital era.

Nigeria Secures Strategic Role in Global Digital Economy at World Data Organization Launch

Continue Reading

News

FG, Benue, UNHCR Partner to Deliver Life-Saving Support to 100,000 Displaced Persons

Published

on

FG, Benue, UNHCR Partner to Deliver Life-Saving Support to 100,000 Displaced Persons

By: Michael Mike

The Federal Government, the Benue State Government and the United Nations High Commissioner for Refugees (UNHCR) have agreed on a coordinated intervention to deliver urgent life-saving and protection support to communities affected by violence and displacement in Benue State.

The agreement was formalised following a meeting witnessed by the Minister of Humanitarian Affairs and Poverty Reduction, Bernard Doro, during which letters were exchanged between the Governor of Benue State, Hyacinth Iormem Alia, and UNHCR’s Country Representative in Nigeria, Arjun Jain.

The initiative, supported through the Nigerian Humanitarian Fund, is expected to directly benefit about 100,000 people in Guma and Makurdi Local Government Areas, with many more indirectly supported through improved protection systems and preventive security measures.

Speaking on the partnership, the Minister said the intervention reflects the Federal Government’s commitment to supporting Nigerians affected by conflict and displacement.

According to him, the collaboration will ensure that vulnerable families receive urgent assistance while advancing President Bola Ahmed Tinubu’s Renewed Hope Agenda aimed at restoring safety, dignity and stability to affected communities.

He added that the intervention will focus on three priority areas, including the provision of protection-based life-saving assistance for displaced populations, support for relocating families from camps to safer settlements, and the installation of solar-powered lighting systems to strengthen security in vulnerable communities.

The programme will also expand and digitise protection monitoring systems to enable real-time reporting, early identification of threats and integration into state and federal early-warning mechanisms.

Alia described the partnership as a critical step toward addressing the humanitarian crisis caused by persistent displacement in the state.

He noted that Benue has borne a heavy burden of forced displacement for years and stressed that the collaboration would help scale up immediate humanitarian relief while strengthening long-term systems to protect communities.

The governor reaffirmed his administration’s commitment to ensuring displaced families regain access to safety, recovery and opportunities for rebuilding their lives.

UNHCR Country Representative, Arjun Jain, also underscored the importance of strong government leadership and coordinated action in addressing humanitarian challenges.

He said the collaboration would allow partners to rapidly expand protection services and deliver assistance to families facing severe risks while laying the foundation for sustainable solutions.

Implementation of the joint intervention is expected to begin in April 2026.

FG, Benue, UNHCR Partner to Deliver Life-Saving Support to 100,000 Displaced Persons

Continue Reading

Trending

Verified by MonsterInsights