Maritime
Customs and Manufacturers Seal New Trade Deal to Boost Nigeria’s Industrial Growth
The Nigeria Customs Service (NCS) and the Manufacturers Association of Nigeria (MAN) have agreed on new measures to ease business operations, reduce import costs, and drive industrial growth.
The agreement, reached at a high-level meeting in Lagos on Friday, marks what both sides described as a “turning point” in their relationship.
Key reforms announced
A major highlight was the exemption of manufacturers from the 4% Free on Board (FOB) levy on raw materials, machinery, and spare parts. The exemption, approved by Finance Minister Wale Edun, also covers humanitarian goods, healthcare imports, and airline spare parts.
Customs chief Adewale Adeniyi said the move would strike a balance between revenue collection and creating a business-friendly trade environment.
“The manufacturing sector is central to Nigeria’s industrialisation and job creation,” Mr Adeniyi said.
He added that manufacturers not yet listed under ECOWAS tariff Chapters 98 and 99 would be fast-tracked into the scheme, with previous levy payments credited for future use.
Tackling bottlenecks
Beyond levy cuts, the discussions focused on persistent industry complaints such as multiple checkpoints, excessive clearance alerts, and digital trade glitches.
Mr Adeniyi announced plans for a “One-Stop-Shop” trade platform to simplify clearance, cut bureaucracy, and shorten processing times. He also pledged to streamline highway checkpoints to reduce costly delays.
Deputy Comptroller-General Caroline Niagwan highlighted ongoing initiatives such as the Authorised Economic Operator (AEO) scheme, advance rulings, and digital-driven reforms, which she said would “cut costs for legitimate businesses.”
Industry reactions
MAN President Francis Meshioye welcomed the reforms, praising what he called a “new spirit of partnership and openness” under the current Customs leadership.
“These reforms will ease our operations, enhance competitiveness, and ultimately contribute to Nigeria’s economic growth,” Mr Meshioye said.
The association pledged to support compliance among members while pushing for continued policy dialogue.
What’s next
Both sides agreed to set up a formal tripartite consultation framework involving Customs, MAN, and the Ministry of Finance. The mechanism will allow regular monitoring of policies and structured feedback from the private sector.
Customs also promised to publish clear guidelines for manufacturers seeking admission into the AEO scheme.
The new commitments are expected to boost investor confidence and strengthen Nigeria’s trade competitiveness at a time when the country is seeking to diversify its economy beyond oil.
Maritime
ICAN Honours WISTA Nigeria President Dr Odunayo Ani With Prestigious Merit Award
The Institute of Chartered Accountants of Nigeria (ICAN) has honoured the President of Women’s International Shipping and Trading Association Nigeria (WISTA Nigeria), Dr. Odunayo Ani, with its prestigious Merit Award in the Members Diamond Category.
The award recognises her contributions to the accounting profession, maritime administration, and national development in Nigeria.
Dr Ani, who also serves as Director of Financial Services at the Nigerian Maritime Administration and Safety Agency (NIMASA), received the honour during an ICAN event attended by senior accountants, professional associates, family members, and industry stakeholders in Lagos.
The recognition highlights the growing influence of women leaders in Nigeria’s maritime and financial sectors, industries traditionally dominated by men.
Why the award matters
ICAN’s Merit Award is regarded as one of the professional body’s highest recognitions for members who have demonstrated excellence, integrity, and long-term service.
For Nigeria’s maritime industry, the recognition also underscores the increasing visibility of professionals bridging finance, governance, and shipping administration.
Analysts say leadership roles occupied by women in strategic sectors such as maritime, finance, and public administration are becoming more influential as Nigeria pushes reforms in trade facilitation and institutional accountability.
Speaking after receiving the award, Dr Ani described the honour as both “humbling and inspiring”.
“I am deeply honoured and sincerely grateful to the Institute of Chartered Accountants of Nigeria for conferring on me the ICAN Merit Award in the Members Diamond Category,” she said.
She added that the recognition represented not only acknowledgement of past contributions but also “a renewed call to uphold the ideals of excellence, integrity, professionalism, and service to humanity”.
Recognition across the accounting profession
Dr Ani thanked ICAN leadership, including the President and Chairman of Council, Haruna N. Yahaya; Vice President Queensley Sofuratu Seghosime; Immediate Past President D.C.S. Alaribe; and Registrar/Chief Executive Lanre Olasunkanmi.
She also acknowledged the support of colleagues, mentors, family members, and the Society of Women Accountants of Nigeria (SWAN).
“I am extremely grateful to you all for coming out to rejoice and receive the award with me. God bless you all richly,” she added.
Industry observers say honours such as this can inspire more women to pursue leadership roles in accounting, shipping, and public sector administration.
WISTA Nigeria’s growing influence
Under Dr Ani’s leadership, WISTA Nigeria has continued advocating greater female participation in shipping, logistics, maritime trade, and port administration.
The association is part of the wider global WISTA network, which promotes diversity and inclusion across the maritime sector.
Her dual role at WISTA Nigeria and NIMASA has positioned her as one of the leading voices connecting financial management with maritime sector reforms.
Experts note that strong financial governance remains critical to Nigeria’s ambitions of expanding its blue economy and improving investor confidence in the maritime sector.
What’s next
Dr Ani reaffirmed her commitment to professional excellence and continued service in both the accounting and maritime sectors.
The award is expected to further strengthen her profile within Nigeria’s corporate and public sector leadership circles as conversations around inclusion and institutional growth continue.
Maritime
Oyetola Opens PMAWCA Meeting in Lagos as West African Port Leaders Discuss Future of Maritime Trade
The Minister of Marine and Blue Economy, Gboyega Oyetola, is expected to declare open the Board of Directors meeting of the Port Management Association of West and Central Africa (PMAWCA) in Lagos.
The three-day meeting, scheduled for 18–20 May 2026 and hosted by the Nigerian Ports Authority (NPA), will bring together maritime administrators, port executives and policymakers from across West and Central Africa.
The gathering comes at a time when African ports are under increasing pressure to improve cargo efficiency, strengthen supply chains and compete with emerging global trade hubs.
Why the meeting matters
Organisers say discussions will focus on the future of ports in the region under the theme: “Ports of the Future: Combining Logistical Resilience with Inclusive Community Development.”
Delegates are expected to deliberate on infrastructure upgrades, maritime security, regional trade connectivity and ways to ensure port expansion benefits surrounding communities.
Industry analysts say the outcomes could shape future trade policies and maritime investments across the sub-region, particularly as African countries push to maximise opportunities under the African Continental Free Trade Area (AfCFTA).
Ports in West and Central Africa remain critical gateways for imports, exports and regional commerce, but many continue to face challenges linked to congestion, ageing infrastructure and security concerns.
NPA highlights strategic role of ports
Ahead of the meeting, Managing Director of the NPA, Abubakar Dantsoho, described the event as an important platform for strengthening maritime cooperation in the region.
Dantsoho, who is also the first Nigerian to serve as President of PMAWCA, said the gathering would help reinforce the role of ports in economic development and global trade.
“The meeting affords us all, as Chief Executives and stakeholders, the platform to reiterate the pivotal role that ports play in shaping the future of humanity,” he said.
He added that ports remain vital economic gateways connecting nations to international markets.
“With ports serving as gateways of prosperity and linking nations to the international community, their demonstrated leadership in advancing sustainable development goals cannot be overemphasized,” he added.
According to him, resilient and efficient ports are becoming increasingly important to sustaining global economic activity, especially within West and Central Africa.
Dantsoho also assured delegates of a conducive environment for productive discussions capable of generating policies that could strengthen regional maritime collaboration.
Regional trade and logistics in focus
The meeting is expected to feature technical sessions on port security, infrastructure financing, digital transformation and future-ready logistics systems.
Maritime stakeholders say improving coordination among ports in the region could help reduce trade bottlenecks and lower shipping costs for businesses and consumers.
Experts also believe stronger cooperation could improve competitiveness for African ports amid rising global demand for faster and more secure cargo movement.
Nigeria’s hosting of the meeting further reinforces its growing influence within the regional maritime sector following its hosting of the 43rd PMAWCA Annual Council and Managing Directors’ Roundtable in 2023.
What’s next
Deliberations are also expected to include reviews of PMAWCA midterm committee activities and broader discussions on strengthening collaboration among member ports.
Observers say recommendations from the meeting could influence future regional maritime strategies, infrastructure investments and trade facilitation policies.
Maritime
MAAN Congratulates Sylvanus Obasi on Election as MARAN Vice President
The Maritime Arbitrators Association of Nigeria (MAAN) has congratulated Mr. Sylvanus Obasi following his election as Vice President of the Maritime Reporters Association of Nigeria (MARAN), describing his emergence as a reflection of his longstanding contributions to the maritime industry and journalism profession.
In a statement jointly signed by MAAN President, Jean Chiazor-Anishere, and Secretary, Foluke Akinmoladun, the association praised Obasi’s professional record, citing his commitment to maritime reporting, youth mentorship, capacity development, and gender advocacy within the sector.
The association said his election highlights the growing importance of informed and professional journalism in Nigeria’s maritime industry, a sector critical to trade, shipping, and economic development.
Why Obasi’s Election Matters
According to MAAN, Obasi has built a reputation as a knowledgeable maritime journalist whose reporting has helped shape discussions around transparency, accountability, and policy development in the industry.
The association stated that his engagement with stakeholders across the maritime ecosystem has “significantly enriched discourse within the maritime community.”
Industry observers say leadership changes within MARAN are closely watched because the association plays a major role in shaping public understanding of developments in Nigeria’s ports, shipping, logistics, and marine economy.
Nigeria’s maritime sector remains central to the country’s non-oil revenue ambitions, with industry experts increasingly calling for stronger collaboration between journalists, regulators, legal professionals, and private operato
MAAN Seeks Deeper Collaboration With MARAN
MAAN also used the statement to reaffirm its relationship with MARAN, noting that both bodies have maintained cordial and professional ties over the years.
The association expressed optimism that Obasi’s new role could strengthen collaboration between both organisations in advancing shared industry goals, particularly around professional development and sectoral reforms.
“As a foremost professional body committed to the advancement of maritime arbitration and alternative dispute resolution, MAAN looks forward to sustaining and deepening the cordial relationship existing between the two esteemed associations in pursuit of mutual professional and industry objectives,” the statement read.
The association further wished Obasi and the newly elected MARAN executive team, led by Oluyinka Onigbinde, a successful tenure.
Industry Perspective
Maritime analysts say closer cooperation between industry media groups and arbitration professionals could help improve awareness of dispute resolution mechanisms in the sector, especially as Nigeria seeks to attract more investment into shipping and port infrastructure.
Stakeholders also believe credible maritime journalism remains essential for accountability and public confidence in reforms affecting ports, customs operations, freight systems, and regional trade integration.
What’s Next for MARAN?
With a new executive in place, attention is expected to shift toward how MARAN engages regulators, shipping operators, terminal managers, and policymakers on key industry concerns.
Observers say issues such as port efficiency, trade facilitation, maritime security, and investment transparency are likely to remain high on the association’s agenda.
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