Nigeria Ranks Lowest On Maritime Tourism Index

The International Ocean Institute (IOI) has said Nigeria is ranked among the lowest maritime nations on marine tourism index despite possessing over 850km coastline.

The director of IOI Nigeria, Akanbi Williams, stated this while speaking at the 4th edition of Maritime Writes Project (MWP) bootcamp with the theme: “Protecting Heritages in the Blue Economy,” held in Lagos.

He, said that that Nigeria ranks among the bottom three countries on marine tourism index

However, he encouraged MWP 2024 participants to write stories around maritime tourism and deep sea exploration to correct the anomaly.

“At IOI, we have developed a curriculum for ocean literacy to address the problem of sea blindness. Coastal areas and organisms need to be studied as well as the deep sea.

“It is unfortunate that Nigeria isn’t exploiting its potentials in tourism. The nation has some problems which affect its ability to fully explore marine tourism. These include; maritime security and cultural attitudes. If an environment isn’t secured, if it’s not clean and habitable; there will be no attraction for tourists,” he said.

He expressed optimism that with the creation of the Marine and Blue Economy Ministry in Nigeria, maritime tourism will be a huge component and the ministry will help in the development of this aspect in conjunction with the security agencies.

According to him, If Nigerians know about the maritime sector in elementary and primary schools, that will better position the nation to harness the multiple opportunities in the sector.

“Most of the 2024 participants are young minds and they have an opportunity to get the correct information about maritime could help them decide to have a future in the industry,” he added.

Also speaking, the President of African Women Fish Processors and Traders Network (AWFISHNET) Nigerian chapter, Funmi Shelika, described MWP 2024 as a laudable event that opens the minds of participants to understand the diverse aspects of the blue economy.

“Participants have learnt so much to help them conceptualise stories that will further promote awareness of the blue economy.

The historical stories of the maritime industry and how it affects our daily activities have been explained by experts in this bootcamp,” she said.

Shelika asserted that there is a future in fish processing, adding that, “It isn’t just a smelling-woman selling fish at the market. The business is more than catching the fish, smoking and selling it. There are other aspects of the trade for participants to explore.”

She equally lamented a decline in fishes across several Nigerian riverine communities resulting from pollution and overfishing. Therefore, she encouraged the Nigerian government to do better to support artisanal fishers and grow small-scale fishing.

“Nigeria isn’t enacting policies and laws for people in coastal communities to enjoy the aquatic assets in their communities. There should be an agreement between the International Oil Companies (IOCs) and the communities to preserve the aquatic life and the marine environment,” she argued.

By Yusuf Babalola, Leadership

Nigeria to Allow Aliko Dangote’s Refinery to Set Gasoline Prices

Nigeria is considering allowing billionaire Aliko Dangote’s refinery to set the price of the gasoline it sells, people with knowledge of the matter said, a move that’s poised to refashion the government’s control over what customers pay for fuel.

Until now, Africa’s largest oil producer has imported all of its gasoline and subsidized the price at a hefty annual cost. But in a major change, Dangote’s massive plant near the commercial hub Lagos is starting to locally refine gasoline.


Nigeria will allow Dangote to set the price of gasoline to petroleum marketers starting next month, according to officials with knowledge of the matter. They asked not to be identified as they’re not authorized to speak to the media.

State-owned oil company NNPC Ltd. — the sole importer of gasoline — has since August 2023 been reselling the product below market cost to temper prices, after a brief removal of the subsidy pushed up inflation and fanned public protests. This week it lifted the price by 45%, to 897 naira ($0.56) per liter, moving it closer to market prices.

The government said Dangote will be free to set its own price.

“Dangote Refinery will certainly not sell their products below market value as a business that was set up to make profit,” said government spokesman Temitope Ajayi. “I don’t see how NNPC or the federal government will control price for a private business,” he said.

The role of the petroleum industry regulator “will be to ensure products quality and fair pricing so that the business doesn’t take undue advantage of the citizens or rip them off,” Ajayi said.

The changes occur amid severe gasoline shortages in major Nigerian cities after debts incurred by NNPC, in part due to the subsidy, disrupted its ability to supply gasoline. It said it is owed 7.8 trillion naira ($4.9 billion) by the government in subsidy debts for the seven months to July.

Going forward, petrol marketers will be allowed to buy products directly from the Dangote Refinery, the people said. A spokesperson from Dangote Industries didn’t immediately respond to requests for comment.

The facility at full rates is expected to be able to produce about 330,000 barrels a day of gasoline, according to Randy Hurburun, senior refinery analyst at consultancy Energy Aspects Ltd. That’s more than 1% of global demand for the road fuel, which is about 27 million barrels a day. It’s more than enough to meet the UK’s entire requirement.

By Ruth Olurounbi, Bloomberg

Related story: Dangote Refinery begins petrol production, vows to ease Nigeria’s fuel crisis

Gridlock in Nigeria amid fuel shortages and price hikes

Nigerians have been hit by a double whammy of chronic fuel shortages and a hike in prices by the state-owned oil company.

The Nigerian National Petroleum Corporation (NNPC), which imports the country’s fuel and distributes it to private sellers, blamed its debts and rising global prices for its difficulty in getting fuel.

Many people have been left stranded with long queues at petrol stations nationwide. Commuters in Lagos have been lining up at bus stations, but there very few buses operating.

Others told the BBC they have been forced to trek long distances as public transport prices have doubled along some routes.

On Tuesday, the NNPC said it was putting up the petrol price from 617 naira ($0.40, £0.30) to 897 naira a litre.

Its petrol stations have the cheapest fuel on sale in the country - but at the vast majority of other private garages the pump price is much higher.

When the NNPC puts up the price, so do private sellers and in some states, like Oyo, Kano and Kaduna, petrol is now selling for as much as 1,200 naira a litre.

Many garages around the country have shut because they have run out of fuel, others have closed to adjust their prices.

In the capital, Abuja, most are open but all have long queues as desperate drivers wait their turn - some slept in their cars overnight.

Fuel stations are not rationing supply, so there is a danger their wait will be futile.

A motorcycle rider in Kano, the main trading hub of northern Nigeria, said it was frustrating: “Most of the fuel stations here in Kano are closed because they want to adjust their pumps to the new price.

“I was able to get fuel at 950 naira at a particular station, but other places have already started selling at 1,200 per litre,” Aminu Danyaro told the BBC.

Black-market traders, who buy fuel from petrol stations and sell it by the roadside from jerrycans at inflated prices, are doing a brisk trade in Kano, where there is significantly less traffic than usual.

The Nigeria Labour Congress (NLC) - the country’s main trade union body - says it feels “betrayed”, explaining that the reason it accepted the new minimum monthly wage of 70,000 naira ($44, £34) in July was because there was an agreement with the government that petrol price would not be increased.

When President Bola Tinubu came to power last year, he shocked Nigerians on his first day by removing a subsidy that kept the price of fuel low.

This - amongst other policies - has led to the worst economic crisis in a generation and cost-of-living protests, dubbed “10 days of rage”, were held countrywide last month.

Nigerians are now pinning their hopes on the new privately owned Dangote Petroleum Refinery, which has been built by one of Africa’s richest man, Aliko Dangote.

On Monday, it was announced with great fanfare that the refinery had just started producing petrol - a milestone in Nigeria which despite being Africa’s largest producer of crude oil imports all its refined fuel.

But it is not clear how long Nigerians will have to wait to see ready availability of petrol or a drop in prices.

By Yūsuf Akínpẹ̀lú, BBC

Video - President Tinubu to advocate for increased investments in Nigeria at FOCAC summit

The Director of the Centre for China Studies in Abuja, Charles Onunaiju, says President Tinubu will focus on expanding and consolidating existing cooperation at the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC). The expert emphasized that Nigeria urgently needs critical infrastructure, and the 2024 FOCAC summit presents a crucial platform to address that need.

CGTN

Suspected Boko Haram attack kills dozens in Nigeria

People gathered on Tuesday (September 3) in northeastern Nigeria, to bury the victims of a suspected Boko Haram attack in Yobe state.

Suspected Islamist militants belonging to the group roared into Mafa village on motorcycles on Sunday afternoon, opening fire on a market and setting shops and homes ablaze.

An early estimate from a military official said at least 37 people were killed in the attack.

But residents and officials said the death toll could be even higher, with villagers still missing and feared dead after fighters chased them into the bush.

A Yobe police spokesperson told Reuters the attack was an apparent retaliation for the killing of two suspected Boko Haram fighters by local vigilantes.

General Dahiru Abdulsallam is a special adviser on security matters in Yobe state.

‘’Coward Boko Haram that went and attacked innocent citizens in their villages and killed them, so we came to bury them and to also condole their families and relations as well as the local government.’’

Yobe is one of three states at the frontline of an insurgency that has lasted 15 years.

Thousands of Nigerians have been killed and more than two million people have been displaced.

Reuters