New National Shipping Line To Become Operational Soon – Minister

Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola has announced significant progress towards the refloating of a national shipping carrier, signalling a major step in strengthening Nigeria’s maritime industry.

Oyetola made the disclosure 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 him, the new national carrier will play a critical role in reducing dependence on foreign shipping lines, retaining maritime value within the Nigerian economy, and creating employment opportunities.

He linked the initiative to other strategic interventions, including the imminent disbursement of the Cabotage Vessel Financing Fund, which is aimed at empowering indigenous shipowners.

“By empowering local operators, we are strengthening national capacity and positioning Nigeria for greater participation in global shipping,” he said.