• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, September 10, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Federal Govt Concessions Offshore Waste Reception Facility To XPO Marine

by Yusuf Babalola
2 years ago
in Business
Reading Time: 2 mins read
Share on WhatsAppShare on FacebookShare on XTelegram

 

Advertisement

The Federal Government of Nigeria has signed a concession agreement with XPO Marine Services Limited to provide Offshore Waste Reception Facility (OWRF) in the country’s Eastern Zone.

The director general of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, represented the federal government while Wellington Agharese signed for XPO marine.

LEADERSHIP reports that XPO Marine Services Ltd. has been a key player in Nigeria’s marine industry for over a decade and has demonstrated sufficient capability to contribute immensely to the country’s economic development.

The benefits of the OWRF Project include pollution elimination in Nigeria’s waters, infrastructure stock increase, revenue generation, transfer of assets at end of concession period to the FG, employment opportunities and improved economic activities.

RELATED

Agusto & Co Rates Heirs Insurance Group’s Life, General Businesses ‘A1’

Agusto & Co Rates Heirs Insurance Group’s Life, General Businesses ‘A1’

6 hours ago
Agama Assumes Office As Acting SEC DG

Leverage Capital Market Opportunities To Raise Funds, SEC Urges Insurers

6 hours ago

According to the statement by XPO Marine made available LEADERSHIP, the concession agreement seeks to  fulfill International Convention for the Prevention of Pollution from Ships – MARPOL 73/78, and Nigeria’s Laws providing for the operation of Ship Generated Marine Waste Reception Facilities, which requires the provision of waste reception facilities to cater for waste and pollutants generated at sea.

The International Maritime Organization (IMO) has recognized that provision of waste reception facilities is crucial for effective MARPOL implementation, and the IMO’s Marine Environment Protection Committee has strongly encouraged Member States, particularly those parties to MARPOL as Port States, which includes Nigeria, to fulfill their treaty obligations on providing adequate waste reception facilities.

The importance of adequate waste reception facilities in the chain of implementation of MARPOL and MARPOL policy of “zero tolerance of illegal discharges from ships” could only be effectively enforced when there are adequate facilities.

 

The managing director of XPO Marine Services, Wellington Agharese expressed its capability and excitement to take on the huge responsibility attendant with the OWRF Project, stating its commitment to ensure the project is a success.

 

The OWRF will utilise the Design, Finance, Build, Operate, Maintain and Transfer (DFBOMT) PPP strategy for the project, which will ensure that from inception government funds are not utilised in project operations whilst the federal government partakes in revenue sharing.

 

Additionally, while the federal government seeks to meet its obligation of compliance to MARPOL, it will also be creating employment opportunities and positive external economic activities; and at the expiration of the concession period, the assets and equipment of the facility will revert to the federal government of Nigeria.

Join Our WhatsApp Channel

SendShare10175Tweet6359Share
ADVERTISEMENT
Previous Post

Transport Minister, Agbakoba Push For Ministry Of Maritime Affairs

Next Post

Nigeria, GPAP Promote Circular Economy Practices, Green Economy

Yusuf Babalola

Yusuf Babalola

You May Like

Agusto & Co Rates Heirs Insurance Group’s Life, General Businesses ‘A1’
Business

Agusto & Co Rates Heirs Insurance Group’s Life, General Businesses ‘A1’

2025/09/10
Agama Assumes Office As Acting SEC DG
Business

Leverage Capital Market Opportunities To Raise Funds, SEC Urges Insurers

2025/09/10
Insurance Firms Begin Self-prescribed Recapitalisation As Minimum Capital Controversy Rages
Business

Guinea Insurance Premium Hits N2.94bn As Shareholders Approve Recapitalisation Plan

2025/09/10
Tourism Ministry, NIHOTOUR Partner To Upskill Tour Operators In Ekiti
Business

‘Travel Agencies’ Group Achieves 50% Self-regulatory Ecosystem’

2025/09/10
United Nigeria Plans Routes Expansion, Signs Agreement For 6 Aircraft With Southwest Airlines
Business

United Nigeria Plans Routes Expansion, Signs Agreement For 6 Aircraft With Southwest Airlines

2025/09/10
Federal Government Plans Abuja Airport Decarbonisation
Business

Federal Government Plans Abuja Airport Decarbonisation

2025/09/10
Leadership Conference advertisement

LATEST

Bolivia Beat Brazil To Secure 2026 World Cup Play-Off Spot

NiMet Boss Urges Stronger Support To Sustain Weather Services

‘Your Life Matters, Hope Is Real’, Federal Government Tells Nigerians On World Suicide Prevention Day

Speaker Abbas Hails ICRC Boss Ewalefoh’s Visionary Leadership At 50

FCT Acting Head Of Service Pledges Sweeping Reforms, Staff Training

Gunmen Kill 3 Policemen At Checkpoint In Kogi

Group Decries Neglect Of Oyo Zone In Makinde’s N113bn New Road, Other Projects

Oyo Allocates ₦110m For Falconets’ World Cup Qualifier In Ibadan

No Proceeds Of Kidnapping Found In My Bank Accounts — Kwara Monarch

Tyler Perry Faces $260m Sexual Assault Lawsuit From Actor Derek Dixon

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.