Koko master, D banj becomes NEXIM ambassador tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
Given that the blue economy is centered on trade and actions around large bodies of water ranging from rivers to oceans, Chiemelie Ezeobi reports that the recently commemorated 2021 World Hydrography Day provided ample opportunity to highlight the import of hydrography to the project and the Nigerian Navy’s role in actualising it
The blue or marine economy is the ecosystem of economic activities centred on trade and actions around large bodies of water ranging from rivers to oceans. When this is managed effectively, it yields better dividends given that over 90 per cent of the world’s trade is conducted by the sea, and this is by far, the most cost-effective way to move large quantity of goods and raw materials around the world.
Peter Uzoho
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigerian Export-Import Bank (NEXIM-Bank) have signed a memorandum of understanding (MoU) on the administration of $30 million working capital fund for oil and gas service companies.
The deal was signed recently in Abuja between the two government establishments.
The Fund was conceived by the NCDMB to support the operations of local oil companies against the adverse effects of COVID-19 pandemic, loss of contracts due to low oil price and ensure the companies retain their personnel in employment.
The working capital scheme, according to a statement, is one of the newly introduced products in the Nigerian Content Intervention Fund (NCI Fund) approved by the NCDMB Governing Council under the leadership of the Minister of State for Petroleum Resources, Chief Timipre Sylva.
The Chairperson of the Sealink Implementation Committee, Mrs. Dabney Shall-Holma, has said the country must build a legacy in the maritime industry through the Nigerian Export-Import Bank funded- Sealink project which seeks to end the undue exploitation of Africans by the international shipping companies.
In an exclusive interview with James Emejo, the former director of commercial shipping services at the Nigerian Shippers Council stated among other things that the project which will be launched by year-end, will boost the country’s drive to diversify the economy and create jobs as well as modernise shipping and make it more competitiveness and affordable in the region and the continent in general
NCDMB, NEXIM sign $30m MoU on sector retrenchments punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.