Headlines
Ameachi blames indigenous ship owners over Nigeria’s inability to own national shipping line

He said though a foreign firm had assured of providing 100 percent of the money required for setting up the shipping line, Ameachi said he would not grant such approval as doing so would amount to flouting the law.
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” For not having a national shipping line, some stakeholders in the maritime sector think that I may not have done well. The law setting up a national shipping line says that Nigerians would provide 60 percent of the investment and foreigners will provide 4o percent”
“So, I went to Singapore, got a company that accepted to bring the forty percent but unfortunately, till today, no Nigerian has been able to provide the remaining sixty percent. The company had said to me that they would bring all the 100 percent and hire some Nigerians as stakeholders, but I disagreed because that would amount to breaking the law”.
“There is also a company in Dubai that said they would set up the national shipping line by providing the 100 percent but I have told them that the law only allows them (foreigners) to provide 40 percent.”.
“Unless we amend the law to enable us allow foreigners to own 60 percent of the investment and employ Nigerians, but as the law is today, there is no way a foreigner can have 100 percent.
“As a minister, my job is not to bring the money but to create an enabling environment for business to thrive”, Amaechi explained.
Freight Monitor
President Buhari to commission multi-billion naira Dala Inland dry port Monday –Ahmad Rabiu

Freight Monitor
CRFFN rejects re-appointment bid of ousted Sam Nwakohu


that arrangement for the Registrar’s handover to Mrs. Chinyere Uromta Director, Regulations and Enforcement on 31st of January 2023.
Headlines
Transportation ministry inaugurates project committee for Ondo, Benin seaports



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