Low investments, non-channelisation hamper water transport — Oyetola

Adegboyega Oyetola, the Minister for Marine and Blue Economy, has decied inadequate investments in inland waterways to enable the sector deliver enormous potentials.

Speaking at this year’s Maritime Business Roundtable Breakfast meeting held in Lagos, Oyetola noted that inland waterways transport will reduce energy consumption and further reduce the negative impact on the environment.

Oyetola said, more volumes at much lower rates could be transported through inland waters, also noted that safety and security concerns on the nation’s waterways is still a worrisome issue.

He explained that the government is considering the deployment of advanced monitoring and surveillance systems to tackle the issues of safety and security on the waterways.

His words “It is obvious that the use of advanced monitoring and surveillance system is one of the key aspects of improving safety and security concerns in our inland waterways. However, in the light of its significance, there is the need for our country to leverage on technologies such as satellite imagery, drones and sensors to enhance the ability to detect and respond to security threats in real time.

These tools not only help in preventing incidents but also assist in improving response times and maximize the impact of any potential danger.

“It is pertinent to highlight that, while these technological advancements offer great promises, the human aspect in ensuring safety and security is not to be neglected. Training and equipping manpower in the industry with necessary skills and knowledge to effectively utilize these technologies are just as crucial as implementing the tools themselves, as such a well-trained workforce is essential.

On the roadmap for the inland waterways transport in Nigeria, I can assure you that the government recognises that in order to stimulate and promote growth of the sub-sector, for more efficiency, connectivity and reliability, it must focus on areas such as dredging key waterways, construction of new ports and terminals, improving navigational aids and safety measures, regulatory reforms, use of new technologies etc.”

Zainab Odunayo
Zainab Odunayo
Zainab Odunayo is a News Reporter at Wakadaily News, specializing in politics and current affairs. With a strong passion for storytelling and a keen interest in social issues, Zainab brings insightful perspectives to her reporting.

Popular Related

Govt mulls commercialisation of FMBN

The Federal Mortgage Bank of Nigeria has restated its commitment to ensuring speedy reforms to boost efficiency and access to affordable and quality housing...

Pension: PIAFRICA 2023 to focus on investments, risk management

The 6th Pension Funds & Alternative Investments Africa 2023 (PIAFRICA2023) conference will cover a variety of pension-related issues, including alternative investments, risk management, legislative...

MTN, Airtel others to block SIMs without NIN Feb 2024

The Nigerian Communications Commission, NCC has urged MTN Nigeria, Airtel and other telecommunications companies to block phone numbers without National Identity Numbers, NIN. Also, those...

SEC, NGX empower retail investors with financial education

Nigerian Exchange Group Plc (NGX Group), in collaboration with the Securities and Exchange Commission (SEC) and other market operators, organized a series of engaging...

REDAN-FCT appoints vice-chairman

Dr Gbadewole Kayode, was appointed as the new vice Chairman of the Real Estate Developers Association of Nigeria in Abuja. From the report, Kayode, who...

Yabatech gets N3.5bn entrepreneurship centre

In an act to foster development in the educational sector, Tunde Fanimokun, the Retired Permanent Secretary of the Lagos State Civil Service, has donated...

FG raises N1.5trillion in 2 FGN bond offers

The Federal Government realised N1.5tn through bonds at its February auction instead of the N2.5tn it was aiming. The Debt Management Office in a press...

Govt urged to maximise FTZs for economic growth

Biodun Dabiri, the Chairman of the Lekki Free Trade Zone, has advocated for the maximisation of the Lagos Free Trade Zone to drive economic...

Ondo, Enugu, Ekiti can fix electricity tariffs – NERC

According to the Nigerian Electricity Regulatory Commission, Ondo, Ekiti and Enugu States has been approved to come with the suggestion for their electricity tariff. Wakadaily...

Currency in circulation rises to N3.87tn – CBN

Following the value of Nigeria's currency in circulation, which has increased to N3.87tn at the end of first quarter in 2024. This is according to...