Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » National Maritime Transport Policy will improve FDI – Saraki

    National Maritime Transport Policy will improve FDI – Saraki

    January 31, 2021
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Senator Gbemisola Saraki

    Michael James

    Lagos — The Minister of State for Transportation, Senator Gbemisola Saraki, says the National Maritime Transport Policy being developed by Nigeria would lead to improved Foreign Direct Investment, FDI, inflow and enhance the ability of the Nigerian maritime sector to compete internationally.

    Saraki said this in Lagos at the opening of a stakeholders’ validation forum on the draft policy.

    The minister said the transport policy would give Nigeria pride of place in the African Continental Free Trade Area, AfCFTA, agreement. The free trade area, the world’s largest, was founded in 2018, and was scheduled to come into effect from January 1, 2021.

    The meeting was organised by the Federal Ministry of Transportation to get stakeholders’ buy-in and input, as the policy document was being fine-tuned. The transport policy is expected to usher in a regime of robust maritime transport system in the country in line with international best practice.

    Saraki underscored the strategic economic importance of maritime transportation, saying adoption of the transport policy would mark a paradigm shift in Nigeria’s economic competitiveness.

    The minister stated in her address, which was delivered by Permanent Secretary, Federal Ministry of Transportation, Dr. Magdalene Ajani, “The National Maritime Transport Policy is a framework that will guide and sharpen the activities, actors and modus operandi in the maritime sector. It is an all-encompassing document that will skyrocket the sector to compete favourably in the global market. That is why this   document is extremely important and crucial to the development of the sector.”

    She said the policy, which industry stakeholders had clamoured for since nearly two decades, “will change the narrative in the maritime sector of our dear country and result in a paradigm shift that is generational.”

    Chairman of the National Maritime Transport Policy Committee, Dr. Paul Adalikwu, who is also Director in charge of Maritime Safety and Security in the Federal Ministry of Transportation, said the maritime transport policy document aimed to develop “a maritime industry that is income generating, self-sufficient, competitive with comparative advantage in the regional and global markets.”

     

     

    Follow us on twitter

    Related News

    1,500 NPA staff promoted in move to strengthen human capital base

    Oyetola formally flags off Nigeria’s IMO Council election campaign in London

    Nigeria reiterates commitment to port automation

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Oil prices slip as US sanctions ease fears of escalation in Iran

    June 20, 2025

    Angola strengthens US energy, mineral ties with Sonangol-MIT cooperation agreements

    June 20, 2025

    Mozambique energy minister optimistic on TotalEnergies’ plan to resume LNG project

    June 20, 2025

    Nigerian Navy cracks down on oil theft, arrests 76 vessels in two years

    June 20, 2025

    Shell, Chevron pledge fresh multi-billion-dollar investments in Nigeria’s oil sector

    June 20, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.