Professor Yemi Osinbajo

Vice President Yemi Osinbajo on Tuesday said the federal government had approved N2 billion for the take-off of the Maritime University, Okerenkoko, Delta state.

Osinbajo said all had been set for academic activities to commence in the university in October for the 2017/2018 academic year.

The university has been a contentious issue since President Muhammadu Buhari took over from the immediate past president, Goodluck Jonathan, in 2015.

The Vice President, who spoke at the Second National Council on Niger Delta (NCND) meeting in Akure, Ondo state capital, said the federal government was committed to the development of the Niger Delta region.

“We intend to break away from legacy of broken promises and failed interventions that we inherited when we took over,” Osinbajo said.

He said the Niger Delta Amnesty Programme which was originally scheduled to end in December, 2015 had not only been extended but the government had committed additional resources to it in other to sustain peace in the region.

He said the Niger Delta Development Commission (NDDC) had been revitalized to make its impact felt by the people in the oil rich section of the country.

Osinbajo said the cleaning of Ogoni in Rivers state which was launched in 2016 was still on course.

The Vice President, however, charged the leadership of the region to evolve ways of developing other potentialities of that part of the country, saying the value of oil was declining everyday.

He said countries like Japan and China had enough electric cars and were having more electric charging points than filling stations, adding that those countries would no longer need Nigerian oil because they were in desperate search for alternatives to oil.

“Many countries are getting alternatives to oil. The development will make the resource unprofitable in few years. Many of the countries in Europe have set deadlines for the phasing out of hydrocarbon cars which would make Nigeria crude oil unnecessary for the international markets.

“The future of oil is declining. That is why it is the duty of all stakeholders to explore all the opportunities now and to ensure we are not constantly battling with the security of pipelines. We should use the resources to develop other potential of the region.

“It is the duty of this council now to ensure we provide the road map for the future, the future that will not necessarily depend on oil. It is obvious that oil is not going to last forever. As a matter of fact, everything that we see shows that oil is declining very quietly.

“We have no reason why we should not develop all other potential apart from oil in the region. If we can do this, our collective vision will be realized,” he said.

He promised that the administration of President Muhammadu Buhari would ensure justice and equity for the people of the Niger Delta in order to allow peace.

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  1. The promise to set up a Maritime University and Maritime Bank in Nigeria, was made by OBJ, but nothing has happened all these while. I am very happy that the dream to have a full fledged Maritime University has been realized. The FG must provide a very secured and conducive environment in the University.
    There should be no compromise on standards. The personnel, Administrators, lecturers, staff and students must be qualified. If we sustain a strict international standard practices n have means for practical, the University shall attract international interest, and that would bring income in forex to Nigeria.
    I must commend the FG here. The Maritime Bank is long over due. Despite NBA now NIMASA and the Carbotage Law, indigenous shipping is on a speedy decline in Nigeria.