Experts advise on new status to better maritime sector in Nigeria
shipping endowments, Otunba Kunle Folarin wondered why Government had delayed the creation of the Maritime/ Shipping Ministry, which would have technically solved the challenges of employment and youth restiveness, when it could create the Ministry of Aviation and Water Resources, both of which returns could not deliver what the Maritime is delivering, even in its ‘lackluster‘ state.
truly start to develop.
none for ‘water resources’ that is for transportation? Which one have you emphasised?” wondered Otunba, stressing that any natural endowment that is not properly appreciated and harnessed, would gradually depreciate.
we put on it, we will continue to attract inadequacy of benefits.
The GDP of transport, which is the productivity status of transportation in the economy was even highlighted haphazardly. It was not reflected in the GDP. So, how can the Central Bank even know your contribution?
it must also first enjoy a ‘recognition’ that begins with the CBN, as well as the Federal Government, stressing that body language also matters.
that developed agriculture, by saying to the commercial banks: ‘you must treat agric
as a preferred sector!’
total recognition and with that also, the relevance of agriculture in the economy blossomed.
percentage of your financial receipts to develop agriculture’ and that ‘loans must be issued at certain level.’
level; and would remain there in the primary sense, until the CBN and the Government recognize the relevance of transport”, he explained further.
expense of shipping and the Maritime Industry”, Egbewole stated, urging President Muhammadu Buhari to direct that maritime be given a separate ministry, if the dream of a national fleet would not remain a mirage.
on the basis of basis of the Ministry’s sole effort,” he said.
meaning by bringing more attention to the Nigerian Maritime industry.
Agbakoba, have calculated that Nigeria is annually losing over N5 trillion as a result of non performance of the nation’s shipping sector.