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FG partners AD Ports Group, DP World to revive national carrier
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Initiative aimed at boosting indigenous shipping and creating jobs
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Port modernisation and new deep seaports also underway
The Federal Government (FG) has secured the interest of international investors to revive Nigeria’s national shipping carrier as part of efforts to strengthen the maritime sector.
The Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this during a stakeholders’ engagement and ministerial retreat in Lagos, noting that discussions with global partners have reached an advanced stage.
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According to him, leading firms such as AD Ports Group and DP World have expressed interest in collaborating with Nigeria on the initiative.
“I am pleased to inform you that we have made significant progress toward the refloating of a National Shipping Carrier. We have secured the interest of reputable international partners who are collaborating with us to bring this vision to fruition,” Oyetola said.
He explained that the proposed national carrier would reduce Nigeria’s dependence on foreign shipping lines, retain maritime value within the local economy, and create employment opportunities.
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The minister linked the plan to broader reforms, including the planned disbursement of the Cabotage Vessel Financing Fund (CVFF), which is expected to empower indigenous shipowners and enhance local participation in maritime activities.
Oyetola also addressed concerns over infrastructure, stating that the Federal Government’s port modernisation programme is being implemented nationwide and not limited to Lagos.
He revealed that procurement processes are ongoing for upgrades in Warri, Port Harcourt, Onne, and Calabar ports, alongside approved works at Apapa and Tin Can Island.
In addition, he disclosed that approvals have been granted for new deep seaports in Bayelsa, Cross River, Akwa Ibom, and Ondo states, as part of efforts to boost trade, attract investment, and support economic diversification.
