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Maritime Industry Benefits Most in e-Payment Regime-Shittu

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Prince Olayiwola Shittu, president, National Presidency of Association of Nigerian Licensed Customs Agents (ANLCA)
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Prince Olayiwola Shittu, president, National Presidency of Association of Nigerian Licensed Customs Agents (ANLCA) is a patriot. As the head of the oldest and biggest body of clearing and forwarding practitioners in Nigeria, he promotes growth, unity and stability of the association. Shittu is a known team player and has the mission of transforming ANLCA into a highly respected trade association where members will enjoy the economic benefits of association. He spoke to Peter Ugwu on a number issues.

Professional Ports Reform Committee is Waste of Money
Whoever said that is not informed. It is disheartening that committees set up by the Federal Government have always been seen as avenues for people to make money; where people are lodged in hotels, special project vehicles, gallivanting around with allowances, all in the name that they are working for the government.
 However, the professional ports reform committee (PPRC) is unique that is why I am happy to be part of it.
First of all, no allowance is paid to any member of the committee by the government; government is not responsible for our seating and the committee is made up of gurus from creditable companies and organizations.
We are talking about managing directors and chief executives of companies like Julius Berger, Zinox computers, Omatek Computers, Coscarish, Emzor, among others.
 The committee was set up as a result of the retreat the federal government organized on the state of the economy where people complained about the problems at the ports. So, the essence of the committee is to enable those who do this importation map out strategies to address the challenges, particularly the much touted 48 hours. And the committee has been meeting without the government spending a kobo; so how can it be a waste of resources? I must state clearly that the committee has succeeded in creating consciousness in the minds of government officials on s of time to me.

Sustainability and Achievements of the Committee
That is where a lot of people fail it. The committee is not a taskforce per se. It is a technical one, given to brainstorming.
We look at scenarios. During sections we examine issues like ports administration-how long it takes to clear goods. Ok, why should it take such long?

What are the impediments? How can we improve the system?
We want to have practicable steps to solve these problems. And finally we have come up with what we call five smart steps to cargo clearance; though not yet experimented, because we want to get views of stakeholders in the industry. We are exposing them to what the scheme entails, getting their criticisms.
These are things not done over-night. And when government set up this committee it was without a life span. They said until we achieve 48 hours clearance. Now what people do not understand is that apart from this committee on ports reform, we have another one on decongestion of the ports, though headed by the same chairman. So, when that committee does anything they attribute it to presidential ports reform committee.
 For instance, the intervention into the issue of empty containers, etc, yes, the port reform committee also views it as part of impediments to cargo clearance, but the implementation is carried out by the taskforce responsible for transferring empty containers to Ikorodu. So, people do not understand what is going on. In the maritime industry today, government has nothing less than 10 committees mandated to achieve one thing or the other. We spend our time and resource nevertheless; with accruable results we are happy doing that, because this country belongs to all of us.

Workability of 48 Hour Cargo Clearing Target
We have just designed five smart steps to cargo clearance. If implemented, one can carry his cargo within 12 hours.
Because people distort cargo clearance to mean that it takes Customs 21 days to release cargo. That is not right. There are a lot of activities surrounding cargo clearance. Customs can release to you within 12 hours if your clearances and declarations are genuine; that is for fast-track cargoes, but what about shipping companies, other agencies, and man-made bottlenecks being created along the line? So, we are trying to harmonize the ports system. The new smart system takes care of these problems right from the time an imports dreams bringing in a consignment-what steps he must take to ensure the 48 hours is realized, because if the documentation is faulty, it will delay your cargo. We will soon bring for public approval, and we are not focusing on others that would want to put spanner on the wheels. Definitely, people who are benefiting from the present state of the ports are not yielding to change. We believe that when the process must have been legalized, everybody will fall in line that is why we are not deterred.

Truck Terminals
Now that government is removing hands from enterprises including the concessioning of ports, how do we expect it to use money that could have been plugged into repairing of roads in building truck terminals?
I can tell you that the Terminal Operators Association (TOA) led by Remi is doing a fantastic job. People are overlooking some areas of the economy as if they are not important.
Banks can come and finance such projects on a long term basis, because they are the same transporters that will pay the money. But the problem is that Nigerian banks want quick returns on investment. Therefore, government can come-in my guaranteeing the payment. Of course that does not mean that they (terminal operators) should not strive to meet up with banks’ expected standards. The maritime industry has been so neglected over the years. Bank of Industry does not really have time for the sector which prompted some stakeholders to seek the establishment of Maritime Bank. Those who developed the ports lacked foresight about the sector and the country at large. The areas given out for oil instillations were supposed to serve as truck terminals today. They forgot that ports are not built around settlements; rather settlements are built around ports. And what good government does is that no building is allowed around ports for future expansion. So, if you are now looking for a place to adequately take care of the trucks, you can imagine number of property that will be destroyed. And relocation of those tank farms is not easy, it will cause if not more than the amount used to build them.
 
ANCLA’s Six Cardinal Points
By now we would have achieved so much, but for sponsorship. Nobody funds ANLCA even most government agencies with funds for capacity building are not looking at this sector as important. And yet we occupy very vintage positions in the maritime industry. For instance, we generate money from imports, customs collects the revenue, but without a back-flow. Customs have promised now that they are going to conduct training for us. We now know that CRFFN is meant for us. However, we have been conducting an in-house educational training for our members, because achieving the critical components of our vision is largely dependent on the awareness and competency of out members. We have been doing this quietly and it is beginning to impact on our members. To that effect, compliance level has gone up; revenue net of the customs is increasingly. On yearly basis, customs’ revenue targets are increasing, which implies that our people are contributing more. So the achievement is there. Even if the government fails to recognize this, just like the proverbial lizard, we will nod our heads for ourselves.
 
Multi-purpose Biometric Cards
It is already being distributed. And the difference is that is not meant for every Tom, Dick and Harry to collect it. You must belong to the association, and that is by belonging to a corporate body, because no operation is conducted in the ports by individuals. And those bodies must have been licensed by the customs to handle cargo clearance. But you don’t need a license to be a contractor to NIMASA, NPA, but if you must handle cargo clearance, you must belong to a company licensed by Customs. So, the biometric card is for our members and staff. So far, we have issued not less that 2000 and we have about 3000 to finish.

Return Agencies to Ports and Call of Customs to Order
I was misquoted on that issue; there is no how I will say they should call customs to order. Customs is not responsible for the activities of order government agencies. We received complaints that one controller of Customs had been inviting the booted out agencies to permanently stay in the ports against government directive and the CAC said there was nothing like that. He said that they are invited only when their attention are required. Now the issue of agencies-SON, NAFDAC, NDLEA, etc, what the presidential committee has succeeded in doing is make them remove their base station from the port, which is different from them visiting. It has even enabled the agencies to improve on their operations that turning the ports to bargaining points. Now, they use international collaborations to nip in the bud the importation of sub-standard, fake and adulterated products than chasing importers around. And that is how developed countries like America go about it. They don’t even allow such product get airlifted, they attach severe penalties to it. And we are taking care of that aspect in the five (5) smart steps, where goods will not be airlifted to Nigeria until certain conditions are met. I am happy that they now go to warehouses and make more seizures of smuggled goods, more than they were doing at the ports. I only implore them not to end there; there should be severe penalties to serve as deterrent. Government should have the political will.

48 Hour Cargo Clearing and Security Challenges
We have a number of challenges, but we in the Presidential Committee don’t believe in impossibilities, because it the fear of, oh! It is impossible, it cannot work; that led Nigeria to where some of these things are. It is just like the pre-GSM era. Many pessimists were like; Oh! We have power problem, how can this be done? Already the terminals have been doing 24 hours clearing. They work 24-hours on shift. What we are saying is what stops you from doing your examinations in the night when there is less pressure. Why do you load the trailers around 3:00am and let them come out around 5:00am when the road is free. Anybody who is hiding under the onus of insecurity is not ready to work, because we are now operating on e-transaction. Examinations can be done at any time and how many cargoes are you carrying at the same time. All we need to do is to be ready to do this work. Some people would ask; what if armed robbers attack me at night? Are we now saying that all armed robbers in Nigeria are stationed at the ports. You can even do your bank transaction through the biometric cards without waiting for banks to open. With the cashless economy and the biometric cards given to our members I am convinced that the maritime industry will heave a sigh of relief.

ICT Application in Maritime                  
It is inevitable, because we are can’t form an island in the global village phenomenon. And our association has been on the forefront in the maritime industry to impact ICT on our operations. We want paperless operations as the benefits are too many. It causes interface, creates room for transparency and a sure way to tackle corruption. You cannot take bribe from IT systems; the less people, the less corruption perpetuated. Life has become better for us in the industry with e-payment. We will continue to enhance our operations with ICT.   

Rift Between ANCLA and Airport Authorities
The issue has been solved. Apparently, the little misunderstanding was borne out of communication gap, hasty reactions from our people and the inability of some people trusted with government regulations to recognize the relevance of other people. But through advocacies and enhanced communication, the issues were laid to rest. Our people needs conducive environment to carry out their operations, government needs revenue and the companies want their profits, so need to agree on the best modalities to achieve our individual aims under the ambiance of the law. You shouldn’t underrate people who contribute to your progress. However, presently the communication level has heightened.

 


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EFCC Waxes Worriedly over $160Bn Crypto Crime Losses

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Economic and Financial Crimes Commission (EFCC) has warned of rising cryptocurrency-related crimes, revealing that illicit digital currency transactions exceeded $160 billion globally in 2025.

EFCC Waxes Worriedly over $160Bn Crypto Crime Losses

Ola Olukoyede, chairman, raised the concern during the inauguration of the United Nations Office on Drugs and Crime Country Programme for Nigeria (2026–2030) in Abuja.

Olukoyede, warned that digital currencies such as Bitcoin are increasingly being exploited by criminal networks to move funds across borders undetected.

According to him, advances in technology, weak regulatory frameworks, and gaps in global financial systems have created fertile ground for cyber-enabled financial crimes.

The anti-graft agency boss stressed that tackling cryptocurrency crime required coordinated national strategies, stronger institutions, and intelligence-driven enforcement.

According to him, the new UNODC programme comes at a critical time when Nigeria and the global community are facing growing threats from organised crime, cybercrime, and illicit financial flows.

Olukoyede described the initiative as a strategic platform to strengthen the rule of law, improve the criminal justice system, and protect citizens from financial and violent crimes.

Musa Aliyu, chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), in his comments, called for stronger inter-agency cooperation.

Aliyu said Nigeria faced interconnected threats, including violent extremism, smuggling, organised crime, and illicit financial flows, warning that no single agency could address them alone.

 

 


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FG Awards N50m Each to 45 Students under S-VCG

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Federal government has awarded N50 million each to 45 students selected from 65 finalists drawn from public and private tertiary institutions nationwide under the Student Venture Capital Grant (S-VCG).

FG Awards N50m Each to 45 Students under S-VCG

Tunji Alausa, minister of Education, unveiled the initiative at the weekend at the United Nations Development Programme Innovation Hub in Ikoyi, Lagos, describing it as a bold step toward positioning Nigerian youth as drivers of global innovation.

Alausa said the programme marked a significant shift in education policy, aimed at empowering students through innovation, entrepreneurship, and skills development. He noted that the grant offers equity-free funding, mentorship, incubation, and access to digital tools.

He explained that the beneficiaries emerged after a rigorous selection process involving over 30,000 applicants from more than 400 tertiary institutions across the country, culminating in a three-day bootcamp and pitch session before industry experts.

According to the minister, the initiative is designed to transform tertiary institutions into hubs of innovation and economic development, enabling students to move from ideation to commercialisation and become job creators.

“Today is not just another programme event. We are activating a new future for Nigerian students where great ideas are nurtured into impactful solutions,” he said.

Also speaking, Suwaiba Ahmad, minister of State for Education, described student entrepreneurship as a critical national strategy for job creation and economic growth. She emphasised the need for institutions to move beyond theory and support students in translating ideas into viable enterprises.

Similarly, Bosun Tijani, minister of Communications and Digital Economy, commended the initiative, urging beneficiaries to focus on building sustainable and impactful solutions rather than pursuing short-term gains.

He advised students to adopt consistency and long-term thinking, noting that small, sustained efforts could lead to meaningful innovation and societal impact.

In her goodwill message, Elsie Attafuah reaffirmed the commitment of the United Nations to supporting Nigeria’s innovation ecosystem.

She encouraged beneficiaries to refine their ideas, respond to market needs, and contribute meaningfully to national development through innovative solutions.

The minister acknowledged key partners, including the UNDP, Google, and the Bank of Industry, for their support in implementing the initiative and expanding opportunities for young innovators across Nigeria.


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FG Urges Stakeholders to Unlock Trade Opportunities for MSMEs To $3.5trn AfCFTA Market

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The Federal Government has launched the ‘Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA’ report, urging stakeholders to unlock trade opportunities for Micro, Small and Medium Enterprises (MSMEs) to access the $3.5 trillion African Continental Free Trade Area (AfCFTA) market.

The high-level report, hosted by the Office of the Vice-President in collaboration with ODI Global under the Supporting Investment and Trade in Africa (SITA) programme, was unveiled on Monday by the Deputy Chief of Staff to the President, Ibrahim Hassan Hadejia, in Abuja.

Hadejia described the research as both timely and strategic, noting the strong coordination by the Office of the Vice-President and the leadership of the Federal Ministry of Industry, Trade and Investment.

He revealed that the cross-border payments report followed earlier milestones, including the development and launch of Nigeria’s Digital Trade Strategy and a capacity-building programme for subnational leaders.

According to him, Nigeria is increasingly assuming a leading role in shaping the digital trade agenda across the African continent, necessitating that the country remains at the forefront of AfCFTA implementation.

He noted that deepening engagement with AfCFTA and enabling businesses, particularly SMEs, to conduct seamless cross-border transactions will be critical to unlocking trade, fostering growth, and creating jobs.

He further stated that efficient cross-border payments, supported by trusted digital identity systems as recommended in the report, will be key to realising President Bola Ahmed Tinubu’s Renewed Hope vision for Nigerian MSMEs.

Hadejia also observed that while the report identifies the Pan-African Payment and Settlement System as a critical platform for cross-border digital payments, Nigerian fintech firms such as PalmPay and Moniepoint, which have some of the largest and most active user bases, will play a pivotal role in driving adoption.

He assured the audience that the Federal Government remains committed to strengthening critical infrastructure, regulatory frameworks, and partnerships to ensure Nigeria is not only ready for digital trade but continues to lead.

“I appreciate the efforts of all stakeholders and urge us to move AfCFTA beyond a continental agreement to a $3.5 trillion trade juggernaut that will reinvigorate our industries, unlock intra-African trade, and domesticate African prosperity,” he added.

Hadejia stated that intra-African trade will be driven not only by large corporations but by small businesses empowered through digital trade and e-commerce, while noting that issues of trust, identity and logistics, as highlighted in the report, must be addressed.

Commenting on the report, the Special Adviser to the President on Job Creation and MSMEs, Temitola Adekunle-Johnson, said the report – developed under the purview of the Office of the Vice-President – would significantly strengthen the MSME ecosystem.

He explained that cross-border payments in Nigeria and across Africa have historically been largely informal and inefficient but noted that the emergence of the Bank Verification Number (BVN) and National Identification Number (NIN) systems is changing the landscape.

Adekunle-Johnson expressed optimism that the report’s findings and recommendations would enable Nigerian SMEs to achieve seamless access to continental markets.

Earlier, the Special Assistant to the President on ICT Policy, Office of the Vice-President, Salihu Dasuki, disclosed that the office, in partnership with development partners, has developed a framework to fast-track seamless cross-border payments for MSMEs.

He added that a key pillar of President Tinubu’s Renewed Hope Agenda is enabling Nigerians to access digital trade, which informed the capacity-building programme conducted for subnational governments last year.

Also speaking, Special Assistant to the President on Project Support, Office of the Vice-President, Shuda Ahmed, commended ODI Global for leading the research underpinning the report.

She noted that without seamless and affordable cross-border payment systems, MSMEs across the continent would be unable to scale beyond their domestic markets.

The event was attended by officials of ODI Global, representatives of AfCFTA, the National Information Technology Development Agency (NITDA), National Identity Management Commission (NIMC), Nigerian Petroleum Development Company (NPDC), Federal Competition and Consumer Protection Commission (FCCPC), and MSMEs, among other key stakeholders.

 


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