• Contact Us
  • About Us
Wednesday, October 7, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Senate passes law to establish Maritime University in Niger Delta

metro by metro
May 4, 2017
in Economy
0
Senate
0
SHARES
0
VIEWS

The Senate has passed the bill for the establishment of Nigerian Maritime University in Delta State, thereby bringing the proposed school close to gaining statutory status, three years after its foundation was laid.

The groundbreaking of the proposed school at Okerenkoko in Warri south-West local government area was done by former President Goodluck Jonathan in 2014 and, according to the Minister of State for Petroleum Resources, Ibe Kachikwu, physical assets were on site.

Read Also

South Africa Raises Interest Rate, Citing Iran War Price Shocks

Corporate Finance Chiefs Lift Inflation Outlook, Cite Rates As Concern – Fed Survey

CBN In Rate Cut Bind As US Fed Official Signals More Hikes On Inflation Surge

However, there was no law backing the establishment of the university.

The bill for its establishment was passed by the Senate on Thursday, following the report of the committee on tertiary education and TETFUND chaired by Barau Jibrin, APC-Kano.

The bill was sponsored by James Manager, PDP-Delta.

The passage came well over one year after the Minister for Transport, Rotimi Amaechi, hinted at the scrapping of the school whose founding he described as a “misplacement of priority” and “waste of resources”.

Mr. Amaechi also cited insecurity as basis for his argument against the school.

Mr. Amaechi also expressed concerns with the payment of a huge N13 billion for the procurement of land for the school, allegedly, to wanted militant leader, Tompolo.

“My argument about Okerenkoko is that land alone is 13 billion (naira). If you give me 13 billion, I will buy the half of Lagos. That 13 billion has built the university already,” said Mr. Amaechi during a town hall meeting in Uyo on June 14, 2016.

But the Minister of State for Petroleum, Ibe Kachikwu disagreed with Mr. Amaechi, saying he was in support of the project, drawing a loud applause from the audience, at the meeting moderated by Information Minister, Lai Mohammed.

“Any facility that is located in the South-South we should work close to developing it,” said Mr. Kachikwu. “I don’t care the circumstances under which you are placed.”

“So much physical of assets are being developed. We are not going to throw away the baby with bath water. We deal with the issues but the university will be developed. If he (Amaechi) does not want it in Maritime, I will take it in petroleum.”

The Senate referred the bill for consideration of the education committee in November 2016, when it scaled second reading.

Mr. Manager, the sponsor, argued that the maritime sector had huge potentials and that Nigeria should have a university for the purpose of producing capable manpower for the sector which, as he said, is currently dominated by foreign interests.

On suitability of Okerenkoko for the project, he said the area was close to the sea and surrounded by oil wells.

The bill will now be transmitted to the House of Representatives for concurrence and the later for President Muhammadu Buhari’s assent, before it becomes law, which would allow the school access to funding from the annual budget

Previous Post

African Markets – Factors to watch on May 4

Next Post

FG challenges newly inaugurated Board of  FRC on corporate governance

Related Posts

South Africa Raises Interest Rate, Citing Iran War Price Shocks
Economy

South Africa Raises Interest Rate, Citing Iran War Price Shocks

September 23, 2026
Corporate Finance Chiefs Lift Inflation Outlook, Cite Rates As Concern – Fed Survey
Economy

Corporate Finance Chiefs Lift Inflation Outlook, Cite Rates As Concern – Fed Survey

September 23, 2026
Whiplash: How Trump’s Threat To Strike Nigeria Further Reshuffles Pentagon Priorities 
Economy

CBN In Rate Cut Bind As US Fed Official Signals More Hikes On Inflation Surge

September 22, 2026
FG Moves To Correct Implementation Ambiguities, Consequences Of VAT, Others Ahead Of 2027 Finance Bill
Economy

FG Moves To Correct Implementation Ambiguities, Consequences Of VAT, Others Ahead Of 2027 Finance Bill

September 18, 2026
Next Post
Okechukwu Enelamah

FG challenges newly inaugurated Board of  FRC on corporate governance

WFP strongly condemns attack on trucks in South Kordofan, killing one driver

October 6, 2026

Investing in Better Jobs, Faster Growth: New World Bank Group Report Helps Chart a Path to Poverty Reduction in Tanzania

October 5, 2026

Invest Qatar, Aurion Capital and LG NOVA engage to advance technology investments and venture building in Qatar

October 2, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version