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    Home » Shippers’ Council unveils regulatory reforms to boost intra-African trade

    Shippers’ Council unveils regulatory reforms to boost intra-African trade

    November 25, 2024
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    *Akutah Pius.

    Oritsegbubemi Omatseyin

    Lagos — The Nigerian Shippers’ Council, NSC, is spearheading efforts to streamline regulatory processes aimed at making cargo movement across African nations more efficient and cost-effective.

    The Executive Secretary and CEO of the NSC, Barr. Pius Akutah, made this announcement during the 15th Annual General Meeting of the Nigerian Maritime Law Association, NMLA, held in Lagos.

    The event was centered around the theme, “Navigating Policy and Innovation: Practical Pathways to Green Future for Nigeria’s Maritime Sector.”

    Represented by Barr. Bala Saleh, Director of Legal Services at the NSC, Akutah emphasised the role of the Council as Nigeria’s Port Economic Regulator. He highlighted that the NSC is focused on streamlining regulatory frameworks to ensure smoother cargo movement across African countries, thereby enhancing intra-African trade under the African Continental Free Trade Area, AfCFTA.

    “In today’s interconnected world, international cooperation is vital for a thriving and revitalized maritime economy. Nigeria’s maritime sector cannot afford to operate in isolation. The AfCFTA offers an unprecedented opportunity for Nigeria’s maritime industry to grow and prosper by enhancing intra-African trade,” said Akutah.

    In addition, Funke Agbor, SAN, President of NMLA, reiterated the Association’s commitment to improving Nigeria’s maritime laws and practices to meet international standards.

    She stressed the importance of strengthening the nation’s legal and judicial systems to foster sustainable growth in the maritime sector.

    “Our Association is dedicated to advancing legal reforms, promoting best practices, and ensuring that Nigeria’s maritime laws are aligned with global standards, while addressing the unique challenges of our country,” Agbor said.

    The Meeting’s focus on green initiatives and innovative pathways highlighted the need for a sustainable and forward-thinking maritime industry in Nigeria. Both the NSC and NMLA are working to create an environment conducive to policy reforms, legal advancements, and international cooperation to position Nigeria as a key player in global maritime trade.

    These efforts are expected to help unlock significant economic opportunities, enhance Nigeria’s competitiveness, and contribute to the overall growth of the African maritime industry.

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