General News
Maritime Industry Benefits Most in e-Payment Regime-Shittu

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.
General News
MTN Graduates 20 Fellows, Expands Media Innovation Programme

MTN Nigeria, in partnership with Pan-Atlantic University (PAU), marked a significant milestone in advancing Africa’s media landscape with the graduation of 20 Fellows from the MTN Media Innovation Programme (MIP) Cohort 4 held at the Lagos Business School.

MTN
The ceremony celebrated excellence, resilience and forward-thinking storytelling, while also announcing the programme’s expansion into a Pan-African edition beginning next year.
The six-month programme, known for its rigorous coursework, demanding schedule and strong emphasis on critical thinking, included an international study visit to South Africa that broadened participants’ understanding of media innovation across the continent.
The graduation event acknowledged the Fellows’ commitment to completing the intensive journey while strengthening their capacity to influence the future of African media.
Dr. Ikechukwu Obiaya, Dean of the School of Media and Communications, PAU, commended the Fellows for their persistence throughout the programme. “In some moments, it was pretty grueling for some of you, but you made it. You are here, and I congratulate you,” he said.
“He encouraged them to see the graduation as a new beginning, adding, “We have so much to do, and each one of us is best positioned now to make that transformation.”
Tobe Okigbo, Chief Corporate Services and Sustainability Officer, MTN Nigeria, congratulated the cohort on successfully completing the six-month programme and reaffirmed MTN’s long-term vision for the initiative.
He said, “Congratulations on completing this journey. You are joining a network of professionals who are committed to elevating the media landscape in Nigeria and beyond.
“The future of this programme depends on your impact. This cohort represents the outcome we envisioned when the journey began. Today, the programme is not only thriving but also expanding.”
He further announced that the Pan-African edition of the programme will be launched in 2026, providing media professionals across the continent with the same level of immersive training and unique exposure experienced by the Fellows.
A key highlight of the event was MTN Nigeria’s presentation of ₦2.5 million in cash prizes to Fellows whose projects demonstrated exceptional innovation, depth of research and alignment with the programme’s ethos of impactful storytelling. The awards were presented by Chineze Gbenga-Oluwatoye, General Manager, Corporate Affairs, MTN Nigeria, and Odunayo Sanya, Executive Director, MTN Foundation.
Vanessa Ukamaka Richard Bassey, Head of Programmes, Sparkling 92.3 FM, Calabar, emerged as the top winner, receiving ₦1 million for the MTN Foundation Chairman Award for Innovative Reportage and another ₦1 million for the MTN Chairman’s Prize for Innovation. Sharing her experience, she said, “It’s been a training ground. It has opened me up to new things and made me more confident. There’s something about knowledge and information and exposure to your mind and to your esteem. After today, I know there’s nothing to be afraid of.”
Abolaji Adebayo received ₦500,000 for the MIP Cohort 4 Best Report, recognised for its clarity, depth and relevance to national discourse.
Several Fellows shared how the programme has reshaped their careers. Adekeye Ayobami of Abamimigo FM described the programme as arriving at the perfect moment, aligning with his recent career elevation.
Ubani Amarachi of Channels TV highlighted the value of the South Africa trip, noting that it transformed her approach to telling African stories and reinforced her belief that graduation marks the beginning of greater responsibility and impact.
The graduation of the MIP Cohort 4 Fellows, coupled with the announcement of the Pan-African edition, reinforces MTN Nigeria’s long-standing commitment to strengthening the media ecosystem through education, exposure and innovation.
The partnership between MTN Nigeria and Pan-Atlantic University continues to serve as a catalyst for developing media professionals equipped to shape narratives, advance societal progress and drive meaningful change across Africa.
General News
FirstCap Acts as Joint Issuing House on Veritasi Homes & Properties Plc’s ₦30 Billion Bond Programme

FirstCap Limited, a premier investment banking business and a wholly owned subsidiary of FirstHoldCo Plc, acted as Joint Issuing House and Placing Agent on the Veritasi Homes & Properties Plc’s Series 1 Bond of ₦10 billion under its ₦30 billion Bond Programme duly registered with the Securities and Exchange Commission (SEC).

The Bond Programme is designed to support the development of Project Oyster Towers, located within Eko Atlantic City. Proceeds from the Series 1 Bond issuance are expected to be applied towards the construction of 30 luxury residential units, forming part of an 82-unit residential development comprising one-bedroom, two-bedroom, and three-bedroom apartments.
Veritasi Homes & Properties Plc is an indigenous real estate development company with operations across Lagos State and the Federal Capital Territory, Abuja, and a growing track record in the delivery of residential real estate projects in Nigeria.
Commenting on the transaction, Ukandu E. Ukandu, Managing Director/Chief Executive Officer of FirstCap Limited, stated:
“We are proud to partner with Veritasi Homes & Properties Plc on this important transaction. The establishment of the ₦30 billion Bond Programme reflects our commitment to mobilising capital for the real estate sector, which remains a key driver of Nigeria’s economic growth. Project Oyster Towers exemplifies the future of luxury and sustainable living in Nigeria, and this transaction reinforces FirstCap’s role as a trusted advisor in major corporate finance initiatives.”
FirstCap’s involvement in the Bond Programme further reinforces our dedication to supporting the growth of the Nigeria’s real estate sector. The successful execution of this transaction highlights the depth of expertise within our capital markets team and our role in supporting issuers in accessing long-term funding solutions aligned with their strategic objectives.
By continuing to connect capital providers with high-impact infrastructure projects such as Project Oyster Towers, we remain committed to driving economic development and delivering long-term value for all stakeholders, Ukandu added.
General News
NITDA DG Calls for Innovation-Led Economic Rebirth @ Kano Startup Weekend

Kashifu Inuwa, the Director General of the National Information Technology Development Agency (NITDA), has called for a fundamental shift in Kano State’s economic strategy, urging stakeholders to embrace innovation, technology and collaboration as the drivers of growth in the 21st century.

Speaking at the Kano Startup Weekend, Inuwa acknowledge Kano’s long-standing reputation as the commercial nerve centre of Northern Nigeria and the wider Sahelian region, noting that its history of trade, enterprise and human capital provides a solid foundation for future growth.
He emphasised that while these strengths powered Kano’s success for centuries, the modern economy now offers even greater opportunities through innovation and technology.
He described innovation as the process of transforming ideas into impactful solutions through commercialization, stressing that when ideas are effectively deployed, they create value, solve societal challenges and generate sustainable economic growth. He noted that Kano’s large market, strategic location and vibrant entrepreneurial culture place it in a strong position to take advantage of innovation-driven opportunities.
According to him, “Innovation is the process of taking an idea from inception to impact. Invention on its own is a cost centre, but when you commercialise an idea, when you turn it into a product or service that solves a real problem and creates value, that is when you begin to drive economic growth and inclusion.”
He noted that the state hosts numerous degree-awarding institutions across federal, state and private ownership, providing a strong base for human capital development. However, he expressed concern that these institutions often operate in isolation from industry, with research outputs rarely translating into commercial or industrial applications.
He explained that innovation does not happen in silos and stressed the need for a strong, interconnected ecosystem that brings together academia, industry, startups, entrepreneurs and government.
According to him, universities should conduct research informed by industry needs, industries should leverage research to improve productivity and competitiveness, and startups should serve as the bridge that converts ideas into market-ready solutions.
He further encouraged entrepreneurs to leverage technology to build businesses that can grow beyond local markets, explaining that innovation-driven enterprises have the power to scale rapidly, create jobs and position Kano competitively at both national and global levels. According to him, digital platforms and emerging technologies now make it easier for startups to reach wider markets and develop solutions that were previously unimaginable.
“You can start your business here in Kano, but your thinking must be global from day one. Technology has removed barriers. With the right skills and platforms, a startup in Kano can build solutions that serve not just Nigeria, but the world,” he noted.
Highlighting NITDA’s ongoing interventions, the Director General outlined the Agency’s commitment to building national innovation capacity through targeted human capital development programmes. He cited the Digital Literacy for All (DL4ALL) initiative, which aims to equip Nigerians across all segments of society with essential digital skills, and the 3 Million Technical Talents (3MTT) programme, designed to produce a pipeline of globally competitive technical professionals in areas such as software development, data analysis and emerging technologies.
He said, “Through DL4ALL, we are ensuring that Nigerians at all levels have the basic digital skills needed to participate in the digital economy, while 3MTT is deliberately building a pipeline of globally competitive technical talents who can drive innovation, create jobs and attract investment.”
He explained that these programmes are key pillars of President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises skills development, innovation, job creation and inclusive economic growth as pathways to national prosperity. According to him, empowering Nigerians with digital and technical skills is essential for building a resilient economy capable of competing in the global digital landscape.
“President Tinubu’s Renewed Hope Agenda is about investing in people, empowering them with relevant skills and creating opportunities for inclusive growth. At NITDA, we are using digital skills and innovation as tools to translate that vision into real economic impact for Nigerians,” he said.
Inuwa urged all stakeholders in Kano to work together to build a functional innovation ecosystem that can unlock the state’s vast potential. He expressed confidence that with the right mindset, strong collaboration and sustained investment in digital skills and innovation, Kano can reclaim its historic leadership role and emerge as a major innovation and entrepreneurship hub in Nigeria and beyond.
E-Business2 days agoCheck Point Reveals Nigeria as Second Most Targeted African Country for Cyberattacks in November
Telecom2 days agoAirtel Africa Partners Starlink to Launch Direct-to-cell Service in 14 Markets
News2 days agoREA, NBS Partner to Deliver Comprehensive Energy Data for Nigeria
E-Financial2 days agoCBN Revokes Licenses of Two Mortgage Banks, NDIC Begins Liquidation
E-Financial2 days agoCBN Revokes Licences of Aso, Union Homes Mortgage Banks Over Regulatory Breaches
General News1 day agoFirstCap Acts as Joint Issuing House on Veritasi Homes & Properties Plc’s ₦30 Billion Bond Programme
E-Business2 days agoMicrosoft Empowers 350,000 more Nigerians with AI Skills
Broadcasting2 days agoMultiChoice Talent Factory Calls for Entries Into Fully Funded Film Training Programme














