The Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced significant progress toward the refloating of a national shipping carrier, marking a major step in strengthening Nigeria’s maritime industry.
Oyetola made the disclosure on Thursday during the Ministry’s three-in-one stakeholders’ engagement and performance retreat in Lagos, where he outlined ongoing efforts to boost indigenous shipping capacity.
“I am pleased to inform you that we have made significant progress toward the refloating of a National Shipping Carrier,” he said.
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 proposed national carrier will play a critical role in reducing Nigeria’s dependence on foreign shipping lines, retaining maritime value within the domestic economy, and generating employment opportunities.
He linked the initiative to other strategic interventions, including the imminent disbursement of the Cabotage Vessel Financing Fund (CVFF), aimed at empowering indigenous shipowners and strengthening local capacity.
“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 development as long overdue, noting that the successful revival of a national carrier could significantly enhance Nigeria’s competitiveness in international trade and reposition the country as a key maritime hub in the region.
