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NIMASA, Others Sign 4 yrs Performance Bond

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In what could be described as a joint commitment to turn around the socioeconomic fortune of the country, the newly-created Federal Ministry of Marine and Blue Economy, has signed a performance bond with the heads of agencies and departments under the ministry for Ministerial Deliverables from 2023-2027.

The minister, Adegboyega Oyetola, signed for the ministry while the chief executives of the respective agencies signed on behalf of their agencies.

Oyetola said that the document will drive the much needed strategies and policies in institutionalizing the concept of the Blue Economy as an important pillar of economic growth.

He stated: “This document will drive our carefully thought out strategies and robust policies in line with the renewed hope agenda of President Bola Ahmed Tinubu. Our mandate is to institutionalize Blue Economy as an important pillar for economic sustenance and growth diversification.”

Dr Bashir Jamoh, the Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, who signed for the Agency, after making a presentation on how to deploy an effective security architecture for the Exclusive Economic Zone to sustain harnessing the Blue Economy potentials of the country assured of steady and measurable progress within the period covered by the Bond.

Jamoh said: “Now all hands must be on deck to deliver. We have a clearer understanding of the direction of the Ministry and we will ensure Nigerians benefit from Mr President’s vision in creating the Ministry”.

The NIMASA boss also said that the agency will effectively monitor the implementation of the Cabotage Act, expansion of the domestic fleet, sustaining the Deep Blue Project and developing a national policy on marine and blue economy.

Speaking at the meeting, Oyetola, who personally supervised the NIMASA Bond signing ceremony urged the Management of the Agency to key into the vision of the Ministry in achieving its mandate as set by President Bola Ahmed Tinubu.

Giving details of the deal, the minister’s spokesperson, Ismail Omipidan, in his X (Twitter) handle, explained that the initiative is aimed at strengthening efficiency, proficiency and effectiveness for the overall development of the marine and blue economy sector.

He said the signing of the bond followed a fruitful and resourceful two-day retreat, organized by the Ministry in Lagos, to chart a new course towards actualizing its objectives.

He stated further, “With this development, the Ministry becomes the first to cascade the Performance Bond initially signed with President Bola Ahmed Tinubu to its Directors and Chief Executive Officers (CEOs).

“The Ministry of Marine and Blue Economy is prepared and set to actualise its deliverables and contribute to the delivery of Mr President’s Renewed Hope Agenda”.

 


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World Bank Blocks Social Media Comments from Nigerians over Loan Backlash

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World Bank has restricted comments on its Instagram page after thousands of Nigerians flooded the platform begging them to stop lending money to Nigeria.

World Bank Blocks Social Media Comments from Nigerians over Loan Backlash

The protest erupted after reports that President Bola Ahmed Tinubu is seeking a fresh $1.25 billion dollar loan for approval on June 26.

Some Nigerians asked the World Bank to provide more details about the purpose of the loan and how the funds would be managed.

Others said the country should reduce dependence on foreign loans and focus on improving local revenue.

The federal government has continued to defend its borrowing plans.

Officials say the funds will support economic reforms, development projects and efforts to strengthen the economy.

Nigeria remains one of the major borrowers from the World Bank in Africa, with different administrations securing loans over the years for infrastructure, social programmes and economic support.


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Lagos Plans New Cybersecurity Centre

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The Lagos State Government plans to establish a Cybersecurity Operations Centre to strengthen protection of government systems, digital services and citizen data amid rising cyber threats linked to the city’s expanding digital economy.

Tunbosun Alake, Lagos commissioner for innovation, science and technology, said the centre would help secure the infrastructure supporting online payments, e-government services, cloud platforms and technology-driven business operations across the state.

According to Alake, the facility will monitor, detect and respond to cyber threats targeting government networks, digital transactions and sensitive public data.

The move comes as Lagos accelerates its smart city agenda through investments in broadband infrastructure, digital identity systems and automated public services.

Alake said Lagos had already deployed 109 Data Protection Officers across Ministries, Departments and Agencies, which he described as the highest number among Nigerian states, to strengthen compliance with data protection regulations.

Alongside the proposed cybersecurity centre, the state also launched the Lagos Campus Network Upgrade project aimed at improving digital infrastructure within the public sector.

The upgrade is expected to improve network performance, automate internal government processes and enhance digital engagement with residents. The cybersecurity initiative follows the release of Lagos State’s cybersecurity guidelines in April.

The framework recommends measures including multi-factor authentication, vulnerability testing, encrypted backups and tighter endpoint security controls.

The guidelines align with Nigeria’s Cybercrime Act 2024, the Nigeria Data Protection Act 2023 and the National Cybersecurity Policy and Strategy 2021.

 


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LG Electronics Strengthens Household Energy Efficiency in Nigeria with Advanced Inverter Refrigerator Solutions

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LG Electronics (LG) is reinforcing its commitment to smarter and more energy‑efficient living by spotlighting its range of inverter‑powered refrigerators designed to meet the evolving needs of Nigerian households.

As electricity costs continue to rise and inflationary pressures shape consumer spending, LG’s refrigerator portfolio is positioned as a practical solution that combines dependable performance with responsible energy consumption.

Refrigerators are among the most frequently used appliances in Nigerian homes, operating 24 hours a day and accounting for a significant share of household electricity usage. LG addresses this challenge through its proprietary Inverter Compressor technology, which intelligently adjusts cooling power based on actual usage conditions.

By reducing unnecessary energy draw, the system delivers stable temperature control while helping households lower energy consumption and manage monthly utility costs more effectively.

Beyond energy savings, LG refrigerators are designed to support food security and reduce waste, an increasingly important consideration for families navigating rising food prices. The inverter system enables faster cooling recovery after power interruptions and helps maintain consistent internal temperatures, preserving food freshness for longer periods. With fewer friction points in the compressor design, LG refrigerators also offer enhanced durability and long‑term reliability, minimizing maintenance costs over time.

LG’s energy‑saving refrigerator lineup includes Top Mount, Side‑by‑Side, and Door‑in‑Door models, each tailored to different household sizes, storage needs, and lifestyle preferences. The Top Mount refrigerators offer practical, space‑efficient designs ideal for everyday family use, delivering reliable cooling with optimized energy efficiency.

The LG GN-F452PFAQ model keeps food perfectly fresh with FRESH Converter+ that optimizes temperature as per food items and never runs out of ice with the Auto Ice Maker.

For households that require larger storage capacity and improved organization, Side‑by‑Side models provide generous interior space, improved visibility, and consistent cooling across compartments.

For more design‑conscious consumers, LG’s Door‑in‑Door refrigerators reduce cold air loss by allowing quick access to frequently used items, supporting both energy efficiency and long‑lasting freshness.

At the premium end, LG continues to innovate with advanced models such as the MoodUP™ refrigerator, which combines customizable aesthetics with functional energy‑saving features like the InstaView panel, allowing users to view contents without opening the door and reducing unnecessary cold air loss. This refrigerator comes with a washing machine as a bundle promotion.

According to LG, this range‑based approach reflects a deep understanding of how Nigerian households differ in size, consumption habits, and lifestyle needs.

“Nigerian consumers are becoming more intentional about how they use energy and manage household costs,” said Mr. Oktai Kim, General Manager, Home Appliance Solutions, LG Electronics Nigeria. “By offering a diverse range of inverter‑powered refrigerators, we are giving families the flexibility to choose solutions that suit their homes while delivering long‑term value through energy efficiency and dependable performance.”

Rather than focusing on technology alone, LG’s energy‑saving refrigerator portfolio emphasizes everyday benefits, efficient operation, reliable cooling, and designs that adapt to real living conditions. Available nationwide, LG refrigerators continue to support smarter living and economic resilience, reinforcing the company’s commitment to delivering durable, consumer‑focused home solutions for Nigerian households.


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