SIFAX boss unveils potential of blue economy

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Blue Economy News

SIFAX,Taiwo Afolabi

The Chairman, SIFAX Group, Dr. Taiwo Afolabi, has identified coastal tourism and renewable energy generation as some of the potential areas of growth that Nigeria needs to take advantage of in developing its blue economy.

Afolabi, while delivering the 16th Convocation Lecture of the Ladoke Akintola University of Technology , Ogbomoso on the topic “Towards a sustainable blue economy and marine development in Nigeria: trends, challenges and prospects”, noted that the country has many untapped opportunities in the maritime sector.

“One other lucrative sector within the blue economy concept is the opportunity for harvesting renewable energy. Renewable energies, such as wind, solar, hydro, and tidal energy, are energy alternatives to fossil fuels that can contribute to reducing the carbon footprint of the maritime sector.” Shareholders of Berger Paints Nigeria Plc have endorsed the firm's total dividend of N232 million total dividend, bringing the final dividend to N1 per share. The investors also commended the management for its resourcefulness in improving the company's fortunes which translated into paying competitive dividends and an assurance for increased shareholder value. Commenting on the…

The Central Bank of Nigeria has slashed the Customs exchange rate for calculating Customs duties at the nation’s seaports to N1,492.08/$1, barely 24 hours after increasing it to N1,502.136/$1.

Source: Energy Industry News (energyindustrynews.net)

SIFAX Taiwo Afolabi

 

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