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Nigeria Emits 57 million Tons of Plastic Waste To Ocean – Deloitte

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OUT of a combined 139 million tons of plastic pollution in the world’s oceans, Nigeria emmited 0.41 percent ( 56.9 million), through the Lagos Harbour.

This is even as 170 countries recently agreed to have a first draft of a global plastics treaty ready by November 2023.

Deloitte for The Ocean Cleanup, disclosed this in a plastic pollution study that profiles 87 countries.

” There is now a combined 139 million tons of plastic pollution in the world’s oceans, seas, and rivers, including the world’s number one most littered item: single-use cigarette filters,” said the report.  

In the country by country reports, Nigeria’s share of global plastic pollution emitted to the ocean is estimated at 0.41 percent (or 56.9 million).

Philippines account for 0.47 percent; India 0.46 percent;  Vietnam 0.36 percent;  China 0.37 percent  and Myanmar 0.37 percent.

The  report, further notes that every year, plastic pollution costs coastal countries between $6.0 and $19.2 billion. 

“If you take the UK, for example, the direct costs borne by the government were between $7.1 and $31.7 million, but the report estimated the total costs to be between $29.6 and $266.2 million,” it said.

The direct costs of cleaning coastlines, waterways, marinas, and ports make up the lion’s share, between $5.6 and $15.0 billion in government expenditures. 

But clean-up costs aren’t the only impact. Polluted beaches and stranded debris also have an impact on tourism, estimated to be between $237.8 million and $2.4 billion.

And while the harm to marine ecosystems can’t be overstated, the cost to fisheries and aquaculture, and the communities that depend on them, is real. It adds up to between $114.4 million and $1.9 billion annually.

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Naira Exchange Rates Thursday, 23 July

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BLACK MARKET RATES

US DOLLAR (USD) Buy ₦1,405 Sell ₦1,410

GREAT BRITISH POUND (GBP) Buy ₦1,880 Sell: ₦1,900

EURO (EUR) Buy ₦1,580 Sell ₦1,600

CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90

UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205

GHANA CEDI (GHS) Buy ₦95 Sell ₦110

WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250

AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900

CBN OFFICIAL EXCHANGE RATES

US DOLLAR (USD) ₦1,369.63

GREAT BRITISH POUND (GBP) ₦1,833.12

EURO (EUR) ₦1,563.03

SWISS FRANC (CHF) ₦1,685.08

JAPANESE YEN (JPN) ₦8.40

CHINESE YUAN (CNY) ₦202.21

WEST AFRICAN CFA (XOF) ₦2. 39

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,867.90

SAUDI RIYAL (SAR) ₦366.36

SOUTH AFRICAN RAND (ZAR) ₦83.40

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President Tinubu Tasks Judicial Officers To Remain Abreast of Evolving Global Maritime Laws

President Tinubu made the call  in Abuja during the 18th International Maritime Seminar for Judges, organised by the Nigerian Shippers’ Council (NSC), under the auspices of the Federal Ministry of Marine and Blue Economy, in collaboration with the National Judicial Institute (NJI).

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President Bola Tinubu on Wednesday urged judges to continually update their knowledge on autonomous vessels, digital shipping, artificial intelligence-driven maritime operations, maritime security and evolving international environmental regulations.

President Tinubu made the call  in Abuja during the 18th International Maritime Seminar for Judges, organised by the Nigerian Shippers’ Council (NSC), under the auspices of the Federal Ministry of Marine and Blue Economy, in collaboration with the National Judicial Institute (NJI).

Represented by the Minister of Marine and Blue Economy, Adegboyega Oyetola, President Tinubu lauded the Nigerian Shippers’ Council for initiating and sustaining the international seminar for judges.

He described it as one of Nigeria’s foremost platforms for strengthening maritime jurisprudence, enhancing judicial capacity and promoting excellence in maritime justice.

According to Oyetola , rapid technological advancement is creating unprecedented legal questions relating to liability, navigational responsibility, insurance, collision regulations and allocation of responsibility when autonomous vessels malfunction.

He emphasised that the courts will increasingly adjudicate disputes involving decarbonisation, environmental compliance, blockchain-enabled cargo documentation, electronic bills of lading and other evolving international maritime legal frameworks.

“The emergence of autonomous vessels demands a judiciary equipped to resolve complex legal questions involving liability, insurance, navigation and technological accountability.

“Judicial officers must remain abreast of evolving international maritime law to ensure justice keeps pace with technological innovation,” he said.

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Naira Exchange Rates Wednesday, July 22 

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BLACK MARKET RATES  

US DOLLAR (USD) Buy ₦1,408 Sell  ₦1,413 

GREAT BRITISH POUND (GBP) Buy ₦1,885 Sell: ₦1,905 

EURO (EUR) Buy ₦1,585Sell ₦1,600 

CANADIAN DOLLAR  (CAD) Buy ₦1,020 Sell ₦1,080 

SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 

UAE DIRHAM  Buy ₦350 Sell ₦370 

 CHINESE YUAN  Buy ₦190 Sell ₦205 

GHANA CEDI (GHS) Buy ₦95 Sell ₦110 

WEST AFRICAN  CFA Buy ₦2, 300 Sell ₦2, 400 

CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250 

AUSTRALIAN DOLLAR  Buy ₦800 Sell ₦900 

Official CBN Exchange Rates 

US DOLLAR (USD) ₦1,375. 31 

GREAT BRITISH POUND (GBP) ₦1,841. 13 

EURO (EUR) ₦1,569.78. 

SWISS FRANC (CHF) ₦1,694.98 

JAPANESE YEN (JPN) ₦8.45 

CHINESE YUAN (CNY) ₦203. 25 

WEST AFRICAN CFA (XOF) ₦2.40 

WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,874. 32 

SAUDI RIYAL (SAR) ₦366.36 SOUTH AFRICAN RAND (ZAR) ₦83.50

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