Maritime requires huge funding to achieve competitiveness …Maritime sector is vital for renewable energy, tourism

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Maritime requires huge funding to achieve competitiveness

.Maritime sector is vital for renewable energy, tourism,

 By Udeme Clement

«The Maritime Domain remains the dominant medium for global shipping and commerce.  It holds the key for unlocking the streams of opportunities in the industry in such areas as: renewable energy, fisheries, maritime transport, waste management, tourism, and biodiversity», said the  Honourable Minister of Transportation, ChibuikeRotimiAmaechi.

He  made this known through his representative, at the maritime industry forecast for 2018- 2019, organised by Nigerian Maritime Administration and Safety Agency ,NIMASA, at Eko Hotel, Lagos.

According to him, «International and global economy influence the maritime sector, especially as it relates to defining the trade pattern, standards and international best practices’.

He said, «The Nigerian government as regulator of the Maritime sector is committed to partnering with industry stakeholders to ensure economic growth and competitiveness of Nigeria’s Maritime Domain. All over the world, Public Private Partnership ‘PPP’ drives government initiatives in addressing the infrastructure needs of a nation ».

« Consequently, the presentation of Nigeria’s Maritime Industry forecast by NIMASA is a novelty geared at bringing to the front burner critical maritime industry issues and best global practices to guide investors and stakeholders in harnessing the potentials of the blue economy in 2018 and 2019 and beyond, with focus on emerging opportunities and challenges in the maritime industry ».

He went on, «There is no doubt that the Maritime Sector is highly susceptible to technological dynamics and changes, which require huge funding and investment for achieving effectiveness and efficiency ».

« I therefore in my capacity as the Minister of Transportation and on behalf of government draw your  attention to the indices outlined in the Maritime Industry Forecast Report and urge you, our esteemed stakeholders to take advantage of the potentials that will shape Nigeria’s Maritime Industry Outlook in 2018 and 2019 ».









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