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.
Headlines
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Headlines
NIMASA set to open Lokoja office to harness waterways resources

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has disclosed that the Agency is set to reopen the Lokoja office, as part of efforts towards harnessing the Blue Economy, enhancing collaboration, while also promoting Research and Development.
The DG, who made this known when he played host to the Executive Secretary of the Kaduna State Emergency Management Agency (KADSEMA), Mal. Usman Hayatu Mazadu at the head office of the Agency in Lagos, noted that investment in research would play a major role in ensuring the harnessing of Nigeria’s maritime potentials.
“The key cardinal principle of opening the NIMASA Lokoja office is to improve on Research and Development.
He said, “Now, the Blue Economy has come to stay and very soon you will see the impact of what we have; in terms of the gains and benefits to grow our Gross Domestic Product while improving the well-being of our own Economy”.
Earlier in his remarks, Mallam Usman of KADSEMA lauded the Agency for the feat achieved so far, which cuts across the entire Nigeria.
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