Felix Kumuyi
New Operational National Shipping Line Coming Soon – Oyetola
Dr Adegboyega Oyetola CON, Hon. Minister, Marine and Blue Economy
The ministry of Marine and Blue Economy is doing everything possible to ensure that the maritime industry is economically virile and placed among the nation’s most revenue earning dependable sector of government.
This performing sector, under the watchful eyes of Dr. Adegboyega Oyetola, which gas recently turned a cynosure of all eyes, has been up and doing in churning out several economic policies, and working the talk to remain one of the nation’s most economic vitality
In another move to place the nation among committee of nations with operational national shipping lines, the Minister recently has announced significant progress towards the refloating of a national shipping carrier, signalling a major step in strengthening Nigeria’s maritime industry.
Oyetola also made this disclosure during the Ministry’s three-in-one stakeholders’ engagement and performance retreat in Lagos, where he outlined ongoing efforts to boost indigenous shipping capacity.
Quoting him in the press statement signed by his Special Adviser Dr Bolaji Akinola, the minister said, “I am pleased to inform you that we have made significant progress toward the refloating of a National Shipping Carrier.”
The Minister revealed that the government has secured the interest of leading international partners, including AD Ports Group and DP World, to collaborate on the initiative.
“We have secured the interest of reputable international partners who are collaborating with us to bring this vision to fruition,” he added.
According to Oyetola, the new national carrier will play a critical role in reducing dependence on foreign shipping lines, retaining maritime value within the Nigerian economy, and creating employment opportunities.
He linked the initiative to other strategic interventions, including the imminent disbursement of the Cabotage Vessel Financing Fund, which is aimed at empowering indigenous shipowners.
“By empowering local operators, we are strengthening national capacity and positioning Nigeria for greater participation in global shipping,” he said.
Stakeholders at the event described the move as a long-awaited development that could significantly improve Nigeria’s competitiveness in international trade.
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