The Federal Government has commenced moves to establish of another shipping in the nation’s maritime industry.
The Minister of State for Transportation, who gave the hint on Monday,in her address at the ongoing 16th international maritime seminar for judges organized by the Nigerian Shippers’ Council,said establishment national of another shipping line twenty seven years after the previous one was liquidated, will ensure maximum exploitation of the potentials in Nigeria maritime industry.
She lamented that most of the nation’s maritime transportation is conducted by foreign shipowners, thereby limiting the economic benefits accruable to the nation and the sub-region in areas such as creation of jobs, freight and insurance earnings.
She further said: “it is in the above regard that the development of a national fleet becomes imperative. The present administration is looking into ways of encouraging the establishment of a private sector-driven national shipping line to ensure maximum exploitation of the potentials in our maritime industry. A ministerial committee has been working on this important initiative and I look forward to having their concrete recommendations for immediate implementation.”
