The initiative of the Federal Government to facilitate trade through the development of Inland Dry Ports across the nation, recently gained more traction, following the official ceding of 130-hectares of land by the Ogun State Government to the Federal Government With this development, the Federal Ministry of Marine and Blue Economy (FMM&BE) is set to develop an inland port…
When Dr. Pius Ukeyima Akutah assumed office as Executive Secretary of the Nigerian Shippers’ Council (NSC) in November 2023, the maritime sector was grappling with inefficiencies, excessive port charges, and a lack of transparency in cargo management. Two years on, the NSC has positioned itself as a reform-driven agency redefining how Nigeria’s ports operate and how trade is facilitated…
Nigeria’s southern corridor is on the brink of a historic transformation as the Federal Government accelerates work on the ambitious Lagos–Calabar Coastal Highway — a 700-kilometre road that promises to reshape the nation’s economic and social landscape. The mega-project, which stretches across nine coastal states, is being described as one of the most audacious infrastructure ventures in Nigeria’s history….
The Secretary-General of the International Maritime Organization (IMO), Arsenio Domínguez has extolled the country’s pivotal role in global maritime security and manpower development. He spoke in Lagos at the weekend during the continuation of his official three-day working visit to Nigeria with an extensive tour of major maritime formations. Domínguez, had earlier met with the Minister of Marine and…
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has declared that Nigeria’s marine and blue economy sector is being strategically repositioned to serve as the country’s major revenue earner, replacing crude oil as the dominant source of national income. Speaking at the Institute of Maritime Studies, University of Lagos (UNILAG), during the official visit of the International Maritime…
Two years ago, the Nigeria Maritime Administration and Safety Agency (NIMASA) set sail on a journey to rebuild confidence in the nation’s waterways and reposition the maritime industry for global relevance. What began as a challenging voyage through turbulent currents of insecurity, inefficiency, and institutional scepticism is now charting a course defined by reform, digital innovation, and renewed investor…
Dawn broke over the ports recently in Lagos, Onne, Tin Can, and beyond — but unlike past years, the sun now rises over terminals humming with activity. In the span of just two years, the Nigerian Ports Authority (NPA) has turned its ambition into visible momentum: ships docking more often, cargo moving faster, and revenue lines swelling. What once…
The directive of the Minister of Marine and Blue Economy, Adegboyega Oyetola, to the Nigerian Maritime Administration and Safety Agency (NIMASA) to begin the process of disbursing Cabotage Vessels Financing Fund (CVFF) has raised Indigenous Shipowners’ hope again.
Currently, the federal government is modernising and rehabilitating the nation’s seaports to enhance competitiveness and achieve hub status. Abiola Seun Writes. Most Nigerian seaports are old, archaic and inefficient, and that has made the nation’s seaports uncompetitive among its peers in West and Central Africa sub region. Some of the ports have their quay walls collapsed or weakened and…
Among its contemporaries in West and Central Africa, Nigeria, with over 220 million population, received the lowest number of containers imported yearly. According to verifiable statistics, Nigeria’s seaports received a paltry 2 million containers every year compared to what other neighbouring countries’ seaports received yearly. According to maritime experts, these smaller countries with efficient seaports received higher numbers of…
