Earlier today, I had the privilege of presenting the 2024 Budget at the Senate Chamber of the National Assembly, specifically addressing the Senate Committee on Marine and Transportation for their crucial approval. This significant event marked an opportunity to reflect on the achievements of the past year and outline the key areas of progress for […]
The underdevelopment of the Nigerian maritime sector, particularly in shipping activities like fleet expansion, shipbuilding, and repairs, has been primarily attributed to a lack of funds. Despite efforts like the Cabotage Vessel Financing Fund (CVFF), administrative bottlenecks have hindered progress. This financial inadequacy has left Nigeria without a flag carrier for over three decades, heavily […]
In the maritime realm, a nation’s stature is gauged by the proportion of the world’s total tonnage carried by vessels flying its flag. Reflecting on the late 1970s and early 1980s when the Nigerian National Shipping Line (NNSL) boasted 24 vessels, it is crucial to acknowledge that even at its peak, indigenous shipping companies carried […]
The discourse around Nigeria’s maritime sector, its untapped potential, and the obstacles hindering its growth will persist in national discussions for the foreseeable future. Stakeholders and enthusiasts keen on exploring this potential face the challenge of fostering cooperation and synergy within and beyond the maritime sector. This collaboration is essential to realizing the common objective […]
In my book, “Harnessing Nigeria’s Maritime Assets,” I had the privilege of conversing with diverse stakeholders in the maritime industry, including past DGs of NIMASA, leaders of maritime-related bodies, and independent practitioners. Their perspectives provide valuable guidance for addressing challenges within the Cabotage regime. For instance, Dr. Ziakede Patrick Akpobolokemi, a former DG of NIMASA, […]