• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Lacks Regulatory Framework To Drive Maritime Sector’s Growth – Utomi

by Leadership News
2 years ago
in News
utomi
Share on WhatsAppShare on FacebookShare on XTelegram

Political economist Pat Utomi has said Nigeria’s maritime industry suffers setbacks because of lack of proper regulatory frameworks to drive the sector to economic prosperity.

Advertisement

He said the sector has not managed to stipulate its possibilities due to leaders and politicians, who see the sector as a meal ticket.

Utomi warned that if Nigeria does not catch up with the trends, and make laws for economic competitiveness, the country would continue to lag behind comity of nations.

  He spoke yesterday at a maritime roundtable workshop organised by the NLNG Shipping and Marine Services Limited (NSML) and Utomapp Limited on the theme: “Emerging Technology and Regulations in the Global Maritime Industry of the Future and the Impacts on the Nigerian Sector.”

Rather than leaders see the industry as a cash cow, he said the industry could solve the nation’s economic challenges with its tremendous possibilities.

RELATED

Zulum Flags Off Distribution Of Relief Materials To Flood Victims

Zulum Flags Off Distribution Of Palliatives To 57,647 Families In Borno

5 minutes ago
Firm Unveils Indigenous Mortgage System In Lagos

Firm Unveils Indigenous Mortgage System In Lagos

5 minutes ago

He said, “When you have an area that can transform your economy, you do not send boys to go and make money there, you find people who are capable of opening the place up and get them to go and transform your country. But because regulators and people, who lead, do not understand what they are doing, because there is a challenge of purpose. The maritime sector is seen as a place where they send people to go and make money. This is an industry where we can solve the problem of this economy because the possibilities are tremendous. There are so many ventures that flow out of the maritime sector.”

As the technology change continues to impact the future of the sector in Nigeria, Utomi said some of the technologies that could influence the sector, such as digital platforms for ship and cargo tracking, robotics, blockchain technology, autonomous ships and unmanned ports, as well as big data, Internet of things and Artificial Intelligence.

He said the inefficiencies in the Nigerian port system have led to low productivity, thereby, appealing to regulators and legislators to continue to build their knowledge and liaise with industry clarity of national strategy.

A former minister of interior, capt. Emmanuel Iheanacho (rtd), said technology was the way to go for Nigeria to achieve a prosperous maritime sector.

According to him, technology is vastly encroaching on the delivery of maritime services. “How ready are we? How do we understand technology and what kind of technology is it projecting into the future?”

 Iheanacho, who is the managing director of Genesis Worldwide Shipping, said Nigeria needs to start understanding and defining emerging technology that would drive the maritime sector.

He said: “For a prosperous maritime sector, technology was the way to go. It is geared towards getting better output into the input made. Goods that are carried on ships are going to be cheaper, the lives of the seafarers are safer, and the environment is projected. With these, we will not want to be behind, we want to be at the forefront of defining how this goes.”

 The managing director of the NLNG Shipping and Marine Services Limited (NSML), Abdulkadir Ahmed, said stakeholders have significant roles to play in ensuring that Nigeria is not left behind in the new global maritime economy.

  As strategic leaders and regulators of the maritime industry, he said there is a need to gain a comprehensive understanding of the complexities of the tropical issues, develop clear actions and guidelines that would guide regulators and place Nigeria on the pathway to success, through a safe, reliable and globally competitive maritime industry.

  He maintained that technological advancement and regulations were critical issues fully anchored on the objectives of ensuring a safe, reliable and sustainable industry.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Utomi
SendShareTweetShare
Previous Post

EFCC Re-arrests Suspect Over N500m Land Fraud

Next Post

AF-CIX Sponsors African Peering, Interconnection Forum In Ghana

Leadership News

Leadership News

You May Like

Zulum Flags Off Distribution Of Relief Materials To Flood Victims
News

Zulum Flags Off Distribution Of Palliatives To 57,647 Families In Borno

2025/07/29
Firm Unveils Indigenous Mortgage System In Lagos
News

Firm Unveils Indigenous Mortgage System In Lagos

2025/07/29
Delta Gov’t Assures CNG Filling Station Projects On Course
News

Delta Gov’t Assures CNG Filling Station Projects On Course

2025/07/29
HYPREP To Deepen Collaboration With Stakeholders On Ogoni-Cleanup
News

HYPREP To Deepen Collaboration With Stakeholders On Ogoni-Cleanup

2025/07/29
Police Arrest Notorious Armed Robbery Suspect, 14 Others In Kano
News

Police Arrest Notorious Armed Robbery Suspect, 14 Others In Kano

2025/07/29
104,000 Girls Benefit from Cash Transfer Programme In Katsina
News

Katsina Gov’t Begins Free Treatment Of Typhoid For Residents

2025/07/29
Leadership Conference advertisement

LATEST

Zulum Flags Off Distribution Of Palliatives To 57,647 Families In Borno

Firm Unveils Indigenous Mortgage System In Lagos

Delta Gov’t Assures CNG Filling Station Projects On Course

HYPREP To Deepen Collaboration With Stakeholders On Ogoni-Cleanup

Police Arrest Notorious Armed Robbery Suspect, 14 Others In Kano

Presidency Defends Falcons’ Reward, Cites BBNaija ₦150m Prize

Katsina Gov’t Begins Free Treatment Of Typhoid For Residents

JUST-IN: Okpebholo Suspends Aide, Sacks EDOFEWMA Boss

Why Gombe Tops Ease Of Doing Business – Commissioner

APC Governors Condole With Gov Radda After Road Accident

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.