Connect with us

News

PRESIDENT TINUBU AT 2024 MARITIME CONFERENCE: Africa Must Utilize Investment Opportunities In Nigeria’s Blue Economy

Published

on

PRESIDENT TINUBU AT 2024 MARITIME CONFERENCE: Africa Must Utilize Investment Opportunities In Nigeria’s Blue Economy

*Urges Navy to secure nation’s maritime future, seeks regional, global alliance

By: Our Reporter

President Bola Ahmed Tinubu has invited countries worldwide, especially those on the African continent, to take advantage of the investment opportunities that abound in Nigeria’s blue economy.

Accordingly, he implored the Nigerian Navy and its African partners as well as other stakeholders to focus on achieving a secure and prosperous maritime future that is beneficial to all, saying Nigeria cannot afford to fail in its responsibilities to Africa and the world at large.

The President made the call on Thursday when he declared open the 2024 International Maritime Conference held at the Naval Dockyard, Victoria Island, Lagos.

President Tunubu who was represented at the conference by his deputy, Vice President Kashim Shettima, observed that while a flourishing blue economy is the bedrock of every vibrant nation, the only way to attain such an economy is through “a progressive naval force.”

To this effect, he sought the commitment and devotion of officers of the Nigerian Navy and their international affiliates, describing them as “the lifeguards of our maritime environment.”

In his speech titled, “It’s Time to Secure Our Maritime Future,” which was read by VP Shettima, the President told the conferees: “This conference must inspire all stakeholders to see the big picture—that we cannot afford to fail in our responsibilities to the continent and, indeed, the entire world.

“Let us work towards a maritime future that is secure, prosperous, sustainable, and beneficial to all our people and the generations to come. I urge you all to feel at home and take advantage of the investment opportunities that abound in Nigeria’s blue economy.”

Noting that the conferees have a role to play in the bid to maximize the potential of the blue economy which he pegged per year at $1.5 trillion globally and $300 billion continentally, President Tinubu said, “The wealth of Africa can never be realized unless we prioritize the protection and development of our maritime environment.

“The blue economy is estimated to be worth more than US $1.5 trillion per year globally and is projected to increase to US $15.5 trillion by 2050. The “Africa Blue Economy Strategy” estimates that the blue economy currently generates nearly US $300 billion for the continent, creating 49 million jobs in the process. The Africa Blue Economy is projected to hit US $405 billion by 2030,” he further projected

He congratulated the Nigerian Navy on its 68th Anniversary, saying the nation remains immensely grateful for the service it has rendered in the past 68 years, “serving as a critical pillar of our security,” even as he applauded the marine forces for creating “a sense of balance and stability” in the country.

Specifically, the President commended the Minister of State for Defence, Bello Matawalle; the Chief of Naval Staff, Vice Admiral Emmanuel Ikechukwu Ogalla, and the naval officers for “creating a safe and secure environment for economic growth and prosperity.

“There is no greater incentive to ensure that the infrastructure and technologies at the disposal of the Nigerian Navy are of the highest sophistication than the successes we have witnessed in our anti-crude oil theft crusade since I assumed office in 2023. This has contributed immensely to the higher oil production levels we have seen,” he added.

Earlier in his welcome address, the Chief of Naval Staff, Vice Admiral Ogalla, said the outcome of the 2024 International Maritime Conference organised to commemorate the 68 anniversary of the Nigerian Navy will go a long way in enhancing its capabilities and strengthening existing collaborations in safeguarding the nation’s maritime environment.

He added that the forum will also offer a veritable platform to consolidate on the achievements of the combined maritime task force in support of the development of the blue economy on the continent, in the sub-region and the nation in particular.

On his part, the Minister of State for Defence, Matawalle, urged participants at the conference and partners of the Nigerian Navy to come up with innovative ways by which the navies in the sub-region can discharge their duties, and for Nigeria, in actualising the vision of President Tinubu for the safety and security of the nation’s maritime environment.

In the same vein, the Deputy Governor of Lagos, Mr Obafemi Hamzat, while acknowledging the significant strides of the Nigerian Navy, especially in safeguarding the country’s maritime domain, said the conference showcases the country’s rich maritime heritage and the efforts of the navies in the gulf of guinea.

Meanwhile, on arrival at the Naval Dockyard in Victoria Island, the Vice President commissioned three newly acquired Naval Ships – Nigerian Navy Ship OCHUZO, Nigerian Navy Ship CHALAWA, and Nigerian Navy Ship ZUR, as well as two helicopters – Nigerian Navy 412 and Nigerian Navy 414.

VP Shettima, who represented the President afterwards proceeded to declare open the Regional Maritime Exercise and also inspected the ongoing Seaward Defence Boats project. This was just as he took time to visit the exhibition stand mounted by the Nigeria Navy at the event.

Present were the chairman of the Senate Committee on Navy, Sen. Gbenga Daniel; chiefs of navies across Africa and beyond; heads of agencies in the maritime sector, former Chiefs of Naval Staff, senior military officers and representative of the Oba of Lagos, among others.

PRESIDENT TINUBU AT 2024 MARITIME CONFERENCE: Africa Must Utilize Investment Opportunities In Nigeria’s Blue Economy

Continue Reading
Click to comment

Leave a Reply

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

News

ECOWAS Expresses Commitment Towards Achieving West Africa’s Renewable Energy Target

Published

on

ECOWAS Expresses Commitment Towards Achieving West Africa’s Renewable Energy Target

By: Michael Mike

The Economic Community of West African States (ECOWAS) has expressed its commitment to putting in place needed infrastructure that would ensure that the regional renewable energy target is achieved.

Speaking at the capacity building workshop for private sector actors on green hydrogen, the regional body said its plan is to produce 0.5 million of tonnes of green hydrogen per year by 2030.

The Regional Coordinator for Renewable Energy and Green Hydrogen at West African Science Service Centre on Climate Change and Adapted Land Use (WASCAL), Dr Bruno Korgo, noted that the region has huge potentials in terms of renewable energy like solar, wind, hydrogen and so on.

Korgo said that this potential constitute a good basis to go for green hydrogen production because it is considered as the vector for decarbonising a lot of sectors across the world.

He said: “In the West African Green Hydrogen Policy, the target is for West African region to be able to produce by 2030, 0.5 million of tonnes of green hydrogen per year and by 2050, 10 million tonnes per year. This policy has been adopted by our heads of states.

“But the ministries of energies have to work to make it happen and that is why we are partnering with government and private sector to join hands so that we may reach out goal.

“This unique energy is today perceived as the energy of the future. The opportunity to produce, use and export green hydrogen to other demand centres appear like an opportunity for West Africa region to start now to think about green hydrogen to harness its potentials and also capture the future energy market that is coming with regard to green hydrogen demand.”

The Assistant Director in Nigeria’s Ministry of Power, Temitope Dina, said the Federal Government is ready to harness the immense potentials in green hydrogen to drive economic growth, energy security and environmentally sustainable West Africa.
Dina said this target has been marked by dedication, collaboration and a clear understanding of the pivotal role green hydrogen will play in the energy future.
“Green Hydrogen stands at the forefront of global transition to clean energy. It offers the promise of reducing carbon emission, diversifying our energy source and also fostering innovation.

“In our region, with its abundant renewable energy resource, green hydrogen could be a game changer. This could simulate our local economy, industries, create jobs and provide significant boost to our economies across West Africa.

“This workshop represents a critical opportunity for us to deepen our understanding of the green hydrogen technology, explore best practices and build the partnership necessary for the successful implementation of the green hydrogen policy and strategies.”

On his part, the Executive Vice Chairman of SIDIL Energy Alternatives Limited, Alhassan Dantata, said green hydrogen is the last option of the globe to transit to clean energy.

Dantata said Africa must play its role in achieving this milestone, stressing that: “Africa played different roles in the three past industrial revolutions, the role we played was that we were the catalyse because men and women were enslaved and our raw materials were taken away to develop other parts of the world, adding that: “But the beautiful part of this energy we are discussing about is that this is something you have to have your foot on the ground because Africa now has what you can’t take away. We have the wind, the sun and we have the water and you can’t take that away.

“We have the sun 365 days in a year. We have the wind because coming from the Sahara, we have the northeast trade winds that always keep the wind mines on 24/7 and so we got no excuse. We should be the frontrunners in green hydrogen.

“Africa should be about to export power through submarine cables just like we are importing bandwaves from Europe. We should be giving them power because we have the sun, the wind and the water.

“It is just our will. Do we have the political will, the right mindset and can we collaborate to make it happen. From what I have observed over a period of three to four years, the killer effect in Africa is just two, tribalism and religion. If we can overcome that Africa will be great.”

The two-day workshop ends on Friday in Lagos.

ECOWAS Expresses Commitment Towards Achieving West Africa’s Renewable Energy Target

Continue Reading

News

China Calls on Developed Countries to Mop Up Their Climate Troubles

Published

on

China Calls on Developed Countries to Mop Up Their Climate Troubles

By: Michael Mike

The Chinese Ambassador to Nigeria, Mr. Yu Dunhai has called on developed countries to mop up climatic challenges they caused in developing countries, insisting that there is urgent need for them to take responsibility of international injustices especially regarding climate change.

He stated this in Abuja on Thursday at a “Seminar on Taking New Opportunities for China – Nigeria Cooperation in Deepening Reform in the New Era.”

Yu said it was unfair for developed nations to transfer the burden of developments on developing countries especially climate change and other challenges caused as a result of industrialisation.

The government envoy said China became among the top economies by adopting people centered approach and lifting 800 million people out of poverty over the past 70 years.

He further explained that his country achieved it development goals because it was open to all countries for exchange of ideas and that has been one of the major strengths the country had displayed to the world.

Yu said his country had adopted people centered approach to become relevant among the committee of nations by advocating stability among nations and in the last 70 years, it had never been to war with anyone.

He described China and Nigeria as strong partners that have been working towards the development of one another.

On his part, the head of department, political science and international relations, University of Abuja, Professor Sheriff Ibrahim, while giving a historical background on China’s development, recommended that Nigeria must be deliberate in its pursuit of development.

He noted that Nigeria has alot of good policies that require self decipline among leaders and followers to implement.

Another professor from the University of Abuja, Bibi Farouk decried that Nigeria has not grown to its commensurate capability because its leaders refused to develop the country’s infrastructure.

He said Nigeria and China need to look at technological development in its partnership agreement to help each other grow.

He advised that Nigeria should open its markets for China to enable it benefit from Chinese technology.

China Calls on Developed Countries to Mop Up Their Climate Troubles

Continue Reading

News

PDP, Sen. Lawan Condoles with Yobe Govt

Published

on

PDP, Sen. Lawan Condoles with Yobe Govt

By: Mamman Mohammed

PDP National Chairman Ambassador Umaru Iliya Damagum today led members of
the National Working Committee and Board of Trustees of the party on a sympathy visit to Gov. Mai Mala Buni over the Mafa attack and flood in some parts of the state.

The chairman commended Gov. Buni for giving every citizen of the state a sense of belonging irrespective of political differences.

“I must appreciate you for giving everyone a sense of belonging and fulfillment, despite our political differences” he said.

Amb. Damagum said PDP shares the pain and trauma suffered by the people over the senseless killing of innocent people, and the hardships caused by the floods.

Similarly, former Senate President, Ahmad Ibrahim Lawan, paid a sympathy visit to the governor and prayed for the repose of the souls of the victims of the Mafa attack and the floods.

He prayed to Allah to grant the departed souls Aljannatul Firdaus, and to console their families.

PDP, Sen. Lawan Condoles with Yobe Govt

Continue Reading

Trending

Verified by MonsterInsights