Skip to main content

Economic Group Hails Speaker Abbas for Championing Shipping and Port Regulatory Agency Bill




A coalition of business leaders, stakeholders, and advocates for economic growth and development in Nigeria has commended the Speaker of the House of Representatives, Rt. Hon. Abbas, for his visionary leadership and unwavering commitment to the Nigeria Shipping and Port Economic Regulatory Agency Bill.

The Economic Freedom Advocacy (EFC), in a statement on Wednesday, said the Speaker's dedication to seeing this bill become a reality is proof of his clear understanding of the importance of a well-regulated shipping industry to Nigeria's economic development.

In the statement signed by Mohammed Matazu, the group said the bill is critical legislation that will promote transparency, accountability, and good governance in the shipping industry and it is soothing to see the Speaker champion this milestone.

"The bill will establish a modern and effective regulatory framework that will protect the rights of shippers, promote competition, and enhance trade efficiency," he added.

"We are pleased that the bill includes provisions for consumer protection, dispute resolution, and enforcement mechanisms to ensure compliance with the law. These provisions demonstrate a clear commitment to promoting the interests of Nigerian shippers and other stakeholders.

"We applaud the Speaker of the House of Representatives, Rt. Hon. Tajudeen Abass, for his leadership in seeing this bill become a reality. His efforts demonstrate a clear understanding of the importance of a well-regulated shipping industry to Nigeria's economic development.

"His commitment to promoting economic prosperity and job creation in Nigeria is evident in his tireless efforts to ensure the passage of this bill, and we are grateful for his contributions to the growth and development of our great nation." 

The group, therefore, urged the National Assembly to expedite the passage of this bill and the President to sign it into law without delay.

"This legislation has the potential to bring numerous benefits to the shipping industry, including improved transparency, accountability, and competitiveness," Matazu added. 

"We believe that the Nigeria Shipping and Port Economic Regulatory Agency Bill is a critical step towards promoting economic growth, enhancing trade efficiency, and protecting the rights of shippers and other stakeholders. We are confident that with its passage, Nigeria will take a significant step towards becoming a leading player in global trade."

Comments

Post a Comment

Popular posts from this blog

Court Sets Aside Arrest, Remand, Wanted Declaration Against Hammed Tajudeen Akanbi

A Magistrate Court sitting in Ogba, Ikeja, Lagos, has set aside its earlier ex-parte order authorizing the arrest, remand, and “wanted” declaration of Hammed Tajudeen Akanbi, also known as Hammed Ajiran. The development follows the earlier declaration of Akanbi as wanted for alleged multiple murder by the Lagos State Commissioner of Police, Moshood Olorundare Jimoh, on February 19, 2026. However, in a ruling delivered today, Magistrate L.A. Owolabi of Magistrate Court 3 nullified the ex-parte order initially granted on February 16, 2026. In his decision, Magistrate Owolabi held that the order was obtained through the concealment of material facts. The court specifically noted that the counsel who filed and argued the application, Nosa Watson Uhumwangho, was under suspension by the Legal Practitioners Disciplinary Committee at the time and therefore lacked the right of audience before the court. The ruling sparked jubilation among members of the youth wing of the Ojomu royal family, who...
Post a Comment
Read more

Court Cautions Police, Orders Proper Invitation of Hammed Tajudeen Akanbi

A Lagos State Magistrate Court has cautioned the Lagos State Police Command and directed that proper procedures be followed in the handling of the case involving Mr. Hammed Tajudeen Akanbi, also known as Hammed Ajiran, in what is seen as a setback for individuals including Bashir Fakorede, Jide Akinloye, and Assistant Inspector-General of Police, AIG Jimoh Moshood. Presiding over proceedings in the Ogba Magisterial District, Magistrate A. J. Odueke, in Charge No: MISC/126/2026, held that the police must formally invite Akanbi rather than declare him wanted. The Court further stated that an order for arrest would only be considered if he fails to honour such an invitation. The Court noted that it was mindful of previous proceedings in Charge No: MCIK/60A/2026, where a similar application had earlier been set aside by another Magistrate on March 23, 2026, on the grounds of illegality. Consequently, the Court declined to entertain what it described as a repetition of a defective process. ...
Post a Comment
Read more

TASA Strengthens Alliance With Lagos Student Leaders, Sets Campus Mobilization in Motion Ahead of 2027 General Election

The Tinubu–Ambode Support Associates (TASA) today Wednesday, December 4, 2025, convened a strategic stakeholders’ meeting with student union leaders from across Lagos State, reaffirming the critical role of young people in shaping the democratic direction of the state as preparations intensify toward the 2027 general elections.   The meeting, attended by representatives of 11 tertiary institutions under the coordinated leadership of the Joint Campus Committee (JCC), NANS Lagos Chapter, provided a robust platform for frank political discourse, progressive engagement, and actionable strategies for youth driven political mobilization.   TASA leadership briefed the students on the urgent necessity of active participation in governance, noting that voter apathy particularly among young people significantly affected the 2023 general elections. The association emphasized that the era of leaving political decisions solely in the hands of politicians must end, as such disengagement onl...
Post a Comment
Read more