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Indigenous Shipowners To Get 51% Of Proposed Shipping Line



Indigenous shipowners are to get 51 per cent shares from the proposed National Shipping Line, while the core investors would own 49 per cent stake . LEADERSHIP has learnt.

Director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside,  speaking when he played host to the director-general of the Bureau of Public Enterprises (BPE), Dr. Alex Okoh, at the agency’s headquarters in Lagos said, “The emphasis of the Federal Ministry of Transportation is to drive a process where we will refloat the national fleet, this time with the core investors that will own 49 per cent of the shares, whereas, Nigerian ship owners will own 51 per cent of the shares of the firm and the firm will also be given the national career status.

“We are looking at different models, hence the importance of this engagement, so that we can review what has happened over time and choose the best model.”

The NIMASA DG , who expressed willingness to partner with the BPE stated that shipping to an extent defines the growth trajectory of any nation especially as it relates to seaborne commerce.

Speaking further, the DG noted that the greatest asset in the maritime space was the vessel itself and if there were no vessels, one cannot be a major player.

“You can only be a major player in name, but in reality you will not get maximum benefit from trade,” he said.

Accordingly, Peterside disclosed that the only way to guarantee the efficiency and effectiveness of shipping, which would add value to the economy, was through the involvement of the private sector.

The NIMASA DG noted that the minister of transportation, Mr Rotimi Amaechi,  has initiated a process whereby people from the private sector would  pull resources together to float a national fleet, facilitated by the ministry of transportation and NIMASA.

Furthermore, he stated that the ministry appointed a National Fleet Implementation Committee, headed by the executive secretary of the Nigerian Shippers’ Council, Barrister Hassan Bello, who is also working closely to with the agency.