Amaechi has directed the Executive Secretary of Nigerian Shippers Council; Mr
Hassan Bello to begin immediate implementation of the report of the committee
on establishment of a national carrier.
receiving the committee’s report in Abuja .
from across the maritime industry is headed by former Administrator of Maritime
Academy of Nigeria in Oron Akwa Ibom state and former Government Inspector of
Ships; Engr Olu Akinsoji.
to provide the necessary instrument for the implementation of the
recommendations of the committee.
even as he disclosed that part of the fund to be used in the implementation of
the report will come from the Cabotage Fund.
was created by the Coastal and Inland Shipping (Cabotage) Act 2003, to promote
ship acquisition by supporting ship owners.
Act empowers NIMASA to collect and administer the fund, under guidelines by the
Minister of Transport, after approval by the National Assembly.
more serious than I am on this and that I will give you people the necessary
instrument to implement it; part of the fund we will use is the Cabotage
choosing who should benefit must be transparent.
access the fund because in the 60 per cent you would have, I am sure that most
of you will want to access the Cabotage money as part of your equity
means that I must not see your private interest; you must ensure that
everybody’s interest is involved, otherwise you will tear the maritime sector
Chairman, Ministerial Committee on Modalities for the Establishment of Nigerian
Fleet for the nation’s shipping sector; Engr Olu Akinsoji, has said that
Nigeria lost 2.2 billion dollars in 2014 due to the lack of ships.
this while submitting the committee’s report to the Minister of Transportation,
Mr Rotimi Amaechi in Abuja.
sailed into Nigeria, but noted that most of them were not owned by Nigerians.
came to Nigeria in 2014 were Nigerian ships, earning 3,000 dollars per person,
Nigeria would have generated 2.2 billion dollars in that year.
accruable by carrying Nigerian cargoes; the seafarer who would have worked on
those ships, would have earned 2.2billion dollars.
benefited from the cargoes; so, these are the kind of losses we are making for
not having ships that are carrying our tag.
were carried by foreigners; we do not have ships in international waters
carrying dry cargoes. “
international waters carrying dry cargoes, the country will generate huge
financial resources and create jobs for youths in the maritime
Source: Shipping Position