Maritime Sector Targets $30bn Revenue Annually – Shippers’ Council

The executive secretary, Nigerian Shippers’ Council, Akutah Pius Ukeyima said the maritime sector can generate over $30 billion annually when it has been fully developed.

The Shippers’ Council boss stated this at the weekend in Abuja, when he received the “Regulator of the Year” award from Top 10 Magazine.

Akutah, while speaking at the event, noted that recent reforms in the maritime sector by President Bola Ahmed Tinubu, particularly the creation of the Marine and Blue Economy ministry has repositioned the sector for growth.

According to him, “…for us at the Nigerian Shippers’ Council, we are looking at transmitting from Shippers Council to Port Economic Regulatory Agency which is one of the things that has been missing since the reform of the sector in 2007.

“We are so happy that the National Assembly has graciously in the two Chambers passed that law, and we are looking forward to Mr. President’s assent”.

Akutah explained that when Mr. President gives assent to the law, “we will begin to transmute from the Shippers’ Council mandate to the unofficial Port Economic Regulatory Agency mandate which is given to us by Presidential directive as a regulatory body backed by law.

“What that means is that, we will be empowered to bring about efficiency in the sector which has eroded Nigeria for many years and once the sector becomes efficient, it will promote fair trade policies, it will promote competitiveness in the sector”.

The Shippers’ Council head further stated that efficiency will promote competitiveness in benchmarking with other maritime nations around West Africa and the globe.

“I think that the regulations that are coming as a result of the new policies of government will bring the desired development for the growth of the industry,” he stated.

In his welcome address, publisher of Top 10 Magazine, Tony Iji said the awardees have contributed to the growth of the various sectors they are representing.

He urged them to do even more going forward as the country is in need of their dedication for her sustainable development.