• Monday, February 26, 2024
businessday logo

BusinessDay

Nigeria set to meet IMO’s 40% carbon reduction by 2030 – NPA

20231206_090357_0000

Following the completion and delivery of MV Great Lagos, a G5-class vessel named after the commercial city of Lagos, the Nigerian Ports Authority (NPA), said the nation’s port industry is ready to meet the 2023 International Maritime Organisation’s (IMO) Green House Gas Strategy.

Speaking at the reception of MV Great Lagos, the largest container RoRo ship to berth in West African port, Mohammed Bello-Koko, managing director of NPA, said the vessel was built with favourable environmental impact that was infused into its construction.

According to him, the G5-class vessel is technologically equipped to reduce CO2 emissions per transported tonne of cargo up to 43 percent, which signposts Nigeria’s commitment to the 2023 IMO Green House Gas Strategy, which envisages a reduction in the carbon intensity of international shipping by at least 40 percent by the year 2030.

Read also: How Mojec is championing renewable energy through carbon reduction

“With shipping volumes promising to get higher, forward-looking investments such as building big ships such as Great Lagos symbolises the fact that the Nigerian business environment is progressively improving,” he said.

He also said the christening of the “Great Lagos” ship symbolises the fact that the Nigerian business environment is progressively getting better, adding that forward-looking investments such as the new vessel would have a big impact on the economy in the long run.

Read also: FG targets 20% reduction in carbon emission by 2030

Bello-Koko further restated NPA’s commitment to promoting the ease of doing business at the nation’s ports to optimise the rich blue economy inherent in the maritime sector.

Commending the Grimaldi Group for the landmark acquisition, Bello-Koko said NPA’s port modernisation project and ongoing reform initiatives at the ports are part of complementary efforts towards effective port operations and ease of doing business.

He however warned that the NPA would have zero tolerance for non-compliance by stakeholders.