The Federal Government of Nigeria has underscored the pivotal role of the maritime industry in propelling the nation towards a $1 trillion economic milestone by the year 2027.
The Executive Secretary of the Nigerian Shippers Council, Pius Akuta, revealed this strategic vision during a recent visit to the Tincan Island Container Terminal Limited in Lagos.
President Bola Tinubu had previously announced the government’s ambitious plan to elevate Nigeria to a $1 trillion economy within three years, specifically targeting the year 2027.
Speaking during the visit, Akuta emphasized the crucial role of the marine and blue economy ministry in driving this economic transformation. He highlighted the government’s commitment to collaboration with the private sector for the comprehensive reconstruction of the maritime sector.
Akuta also shared insights into the government’s approach, indicating that the Minister of Marine and Blue Economy, His Excellency Oyetola, is actively working on developing a holistic blueprint and a new policy document.
This initiative aims to address existing infrastructure deficits, tackle infrastructure decay, and introduce automation systems within the port. The goal is to take a holistic perspective, ensuring that all aspects of the system are considered simultaneously for effective solutions.
Moreover, the Managing Director/Chief Executive Officer of Tincan Island Container Terminal Limited, Mr Etienne Rocher, stressed the critical need for the rehabilitation and modernization of Lagos Ports. He emphasized that these measures are essential to meet the requirements that would attract shipping lines, ultimately positioning Nigeria as a competitive force in West and Central Africa. This concerted effort signifies a strategic push towards economic growth and competitiveness on the global stage.
