FG considers re-establishment of National Shipping Line, projects $10 billion revenue yearly 

The Federal Government has announced that it is considering re-establishing a National Shipping Line that is projected to add $10 billion dollars to Nigeria’s economy yearly.

The Minister of Marine and Blue Economy, Adegboyega Oyetola, made this known on Tuesday at the Continental Hotel, Lagos, during a Stakeholders’ Roundtable discussion on ‘Advancing Sustainable Development in Nigeria’s Marine and Blue Economy’.

The minister explained that the Ministry of Marine and Blue Economy will operate on the Public-Private Partnership (PPP) arrangement to deliver strategies and policies that will drive developments in the maritime sector of the economy.

Furthermore, Oyetola pointed out that Nigeria’s minister maritime sector can be transformed through the PPP arrangement to bring about positive impacts such as job creation and improved trade and investment in the nation.

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