Nigeria is opening up for more business

On May 20, 2021, the Onne Multipurpose Terminal (OMT) opened its doors for operations. According to a report from Punch Nigeria, the Head of Operations, OMT, Robert Uljan, said the terminal will double Eastern Nigeria’s modern container handling capacity and thereby improve the region’s economic growth.

Days earlier on May 18, 2021, Lagos State Government announced that it had secured a loan of $629 million to finance the ongoing Lekki Deep Sea Port Enterprise Limited, LPLEL, billion-dollar project.

The Lekki deep seaport which is reportedly 50% complete is being built over 90 hectares of land at the centre of the Lekki Free Trade Zone, LFTZ, approximately 60 kilometres east of Lagos.

We look forward to helping businesses and individuals take advantage of these new business opportunities. #AreteAfrica

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#AreteSOS Lagos Robberies

On May 19, we received reports of robberies around Admiralty Way, Lekki, Lagos State. The reports said there were several persons affected at about 8 pm on May 18, 2021. There have also been growing cases of robberies along Ozumba Mbadiwe, Falomo, and Admiralty way, Lagos.

Due to these reports, we have consulted our in-house security experts and put together tips on how you and your loved ones can stay safe.

Feel free to share with your network. #AreteSOS


BIMCO launch Gulf of Guinea Declaration on Suppression of Piracy

In 2020, 135 crew were kidnapped from their ships globally, with the Gulf of Guinea accounting for over 95% of the crew numbers kidnapped.

While regional states affected, especially Nigeria, are working hard to manage the problem, several gaps remain unplugged.

To effectively manage the problem, 99 maritime companies, organizations, and flag states, including the Baltic and International Maritime Council (BIMCO), have signed the Gulf of Guinea Declaration on Suppression of Piracy.

This declaration will deploy capable military assets from able and willing non-regional states to actively combat piracy in the area in support of the efforts by countries in the region.

The signatories of this declaration firmly believe that piracy and attempts at kidnapping are preventable through active anti-piracy operations and that by the end of 2023 the number of attacks by pirates can be reduced by at least 80%.

Watch out for the #AreteDeepDive into this declaration and what it means for the region.