Home News Covid-19:  Worst Global Economic Crises of the Century  –  Ezisi

Covid-19:  Worst Global Economic Crises of the Century  –  Ezisi

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**Tells FG to ensureideals of Ease of Doing Business.

**Alleviate reliefs on consignments & Demurrage.

Photo:  Chief Tochukwu Ezisi National President, NAGAFF

By Ruth Sunday

A Business expert said  the impact of the COVID-19 on the economy of Nigeria and that of the world in general since its escalation in March, 2020 cannot be over-emphasised.

He said the pandemic has wrecked havoc on economies of the world on a global scale as economists and fiscal policy experts associate it’s effect as the worst global economic crisis of the century in comparison with the global economic recession of 2008 and the economic depression of the 1930s.

The Business expert , Chief Tochukwu Ezisi who is also the National President of National Association of Government Approved Freight Forwarders stated this in a paper he delivered at the 12th Convocation/7th National Diploma Matriculation ceremony of Lagos Aviation and Maritime Business Academy(LAMB) titled ‘Post Covid-19: Challenges to the Maritime sector in Nigeria Saturday,2oth November, 2021 in Lagos.

Representative of NAGAFF President, Fwdr. Francis Omotosho presenting a paper at the event.

Chief Fwdr Ezisi represented by the Registrar of NAGAFF Academy cum the Assistant General Secretary of NAGAFF, Mr. Francis Omotosho said the impact of the pandemic has reverberated across several sectors particularly maritime, aviation and transport industry as a whole as the supply and demand continue to dwindle due to border closures.

He further stated that currently about 50 cargoes of Nigeria’s crude oil were yet to find buyers while volume of import and export of cargoes have declined adding that some retailers and manufacturers have failed to claim their cargoes.

More so, he added, “thousands of dock workers have been laid off by the employers in the Industry are seeking cheaper labour as a means to cut costs.

“In recognition of the pressure the pandemic would impose on the maritime and shipping sector, the federal government should intervene and ensure the ideal objective of the Ease of Doing Business. This can be achieved by offsetting certain obligations and giving reliefs that could alleviate the colossal losses of players in this industry range from storage fee reliefs on consignments and demurrage as already directed by the Nigerian Ports Authority (NPA),” he said.

Prof.  Uwaoma  Uche delivering a Convocation lecture at the event.

In  a Convocation lecture at the event  captioned:  Post COVID 19 Challenges to Education in Nigeria, the Dean, College of Communication and Media Studies and Director, JUPEB and ICEP, Gregory University, Uturu, Abia State,  Prof. Uwaoma Uche posited that the pandemic dramatically changed and impacted heavily on the education sector by the introduction of new  method of teaching and learning.

According to Prof Uche, “Educational institutions at all levels, were influenced by Covid -19 as it led to Quarantine and imprisoned students in the educational institutions while the delivery of knowledge were now being carried  online .”

Prof Uche further said education system was shutdown, disrupted school calender, increased parents labour, performance of students was  negatively affected and called on government and Stakeholders in education too encourage technically driven education system that meets with the best internationally recognised standard.

Dr. Emeka  Udowu, Rector LAMB  Academy.

Earlier in his welcome speech, the Rector of  LAMB Academy, Dr. Emeka Udowu recalled that despite the effect of the pandemic which resulted to  social, economic, health and unfortunate disaster world- wide and specifically the setback  on  education, the management  of the academy were able to put up survival mechanism that saw the school through.

Dr. Udowu however enjoined the graduands  to be good ambassadors of the institutions wherever they found themselves while urging the matriculants to imbibe discipline, good morale value, abstain from friends, pay more attention to their studies and bring glory to their parents and sponsors.

He  listed some of the needs of the institution to include; hostel block, computer equipment, books for the Library, engineering equipments and school bus and appealed for assistance.

LAMB Academy which  started since 1998 had 26 B. SC /B.A.graduands indifferent fields such as transport and logistics, Accounting, Human Resources, Computer Science, Business Admin, International Relations , Shipping Management and Technology, Marine Engineering, Nautical Science, Mass Communication, Security and Safety Management and Technology, Aviation Management, HND & OND Graduands.

L>R:  Rector, Dr Emeka Udowu, speaking with Mrs Uche Igbokwe, Sec. ASTUA Women’s Wing ASTUA (on blue) & other women watching.

Speaking shortly after the ceremony which was filled with funfair with display of parades by the graduands  Mrs   Uche Igbokwe commended the Rector of LAAMB Academy for granting Nine Abia State  children  from the three Senitorial Zones of the State scholarship to study in the institution and prayed God to bless him and prosper the Academy.

ASTUA Women officials in a group photograph with the Abia  Students on scholarship.

Mrs Igbokwe who recalled that Dr Udowu had during the Abia State Town Union, Lagos Branch, Women’s wing  Empowerment programme where the Rector was honoured, that he(Rector) made a promise to give scholarship to 9 children from the state  to study in the academy, adding, “the promised has been fulfilled. We feel honoured and excited.”

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