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Maritime stakeholders set agenda for success of Blue Economy

Adegboyega Oyetola,Minister of Marine and Blue Economy
The Eyewitness Reporter
Key stakeholders in the maritime sector during the  Roundtable discussion hosted by the League of Maritime Editors (LOME) to commemorate the unveiling of its  Secretariat in Lagos, on Thursday, September 14, 2023,  have enunciated fresh measures to be adopted, to ensure that the Blue Economy contributes tremendously, to the development of the Nigerian society.
The stakeholders, include the Director General of the  Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh,  the Managing Director of the Nigerian Ports Authority(NPA), Muhammed Bello Koko, the Executive Secretary/ Chief Executive Officer of the Nigerian Shippers’ Council(NSC), Hon Emmanuel Jime and the Patron of the League of Maritime Editors, Prince Olayiwola Shittu, who is an ex- President of the Association of Nigerian Licensed Customs Agents(ANLCA).
During the Roundtable, titled,’’ How to Achieve the Benefits of the Blue Economy’’, the League Patron, Prince Shittu who was the Chairman, the   NIMASA  DG, represented by the Agency’s Director of External Affairs, Chief Isichei Osamgbi,  said that the blue economy is already operational, but required the proper identification of comparative advantages, for the purpose of what is potentially advantageous and sustainable.
He challenged industry players and operators, to see themselves as co-drivers in the journey towards the success of the Blue economy, saying without this,  the success story of the Blue economy cannot be complete.
 Jamoh disclosed that, whereas the blue economy in Nigeria is still unfolding, it is at the stage where a collaboration of efforts, must concentrate on optimizing the comparative advantages in order to remain competitive in the global space.
Represented by the Director External Relations, Isichie Osamgbi, the DG NIMASA said the country must tell herself the truth that the blue economy holds the front row potential in resource growth and as a leading revenue projection and hence should be accorded the right attention to drive its explorations.
“Today we are no longer talking about the benefits of the blue economy, we have passed that conception stage, current discussions should be how to tap into the various strata, the unfolding of the separate gold mines as already enshrined in the NIMASA Act.
“We need to do more collectively to improve on our individual spheres of contribution and achieve a sustainable template that will create a beneficial impact. For us, the effort to strengthen maritime security and achieve maritime safety, grow shipping development, marine tourism, and cruise transportation are key considerations we keep expanding.
“So, the time has come to maximize our abundance in the blue economy and to also be able to operationalize their economic benefits by looking at the comparative advantages each resource provides. We must be determined and focused, we are not the first to have maritime security challenges, Singapore’s niche market is the blue economy, and we must have the political and operational will to tackle insecurity as the top of the identified monster.
“We must come together and set the agenda for a functional blue economy and it is commendable that the League of Maritime Editors has been doing this, because however we look at it, today, the blue economy and the maritime domain hold the biggest prospect for achieving the required GDP.
“We must remove the sentiments of what is in it for me and embrace the patriotic ethos of what is in it for the country. When we agree on what should be done and how to go about doing it, and how to sustain the developments, and how to expand, then we would have actually become serious.
“And like all others, the protection of the marine environment from pollution is also key, and that takes us to our exclusive economic zones. What is economically critical is the exclusive zone, these are the issues that should agitate our minds.”
Also speaking, the Managing Director of Nigerian Ports Authority (NPA), Mr. Mohammed Bello-Koko represented by the  Tin Can Island Port Manager, Jibril Buba, advocated enhanced capacities through deliberate policy and stakeholder actions necessary to drive the processes.
While applauding LOME for providing the arena to brainstorm on the dynamics of the blue economy, Bello-Koko said the Authority has for a long time already prepared the grounds for its takeoff and consistent with the full realization is always providing the enabling environment through which the required efficiencies, competences and capacities can be developed and sustained.
He said, “We know where we are coming from,  we remember the era of warfare in the port, we used to have women delivering babies in the port and all that. And NPA in its quest for excellence in 1993, said look, we cannot continue to remain like this. It was consciously or unconsciously the way of re-awakening the blue economy, it’s only that it didn’t get the name blue economy.
“As the first speaker said, attitude is important, often roles and duties are dumped on NPA which does not belong to us. The foundation must be regenerated, we now changed the name of Nigerian Post Authority to Nigerian Port Plc all in a quest to improve efficiency.
‘’Of course, you all know our mandate efficiency in cargo handling is what will make the industry move forward. “but whatever we come up with as far as we do not change our behaviour, we do not change the way we do things, our overlapping functions, then the blue economy will not find its footing.
“By 2006 we were partnering, we followed the pattern of the remaining people of the world and came up with what we now have as a landlord model. Now we now have the machinery.  There is no berth that does not have mobile harbor cranes, some of them have up to eleven, some up to twelve, some more than that. They have the mobile harbour crane, have enough gantry cranes in the terminals,
 “Now, when we had the time that vessels used to come to this country and they spend up to 40 days, that is pre-concession of the terminals. Now it is  72 hours in the case of container vessels and in the case of bulk cargo at ENL and the rest, ten days. We’ve achieved 0% waiting time.”
 you remember the Amada shipping saga, that is what gave an offshoot of Tin-Can Island port to act as a shock absorber to Apapa port’’.
Bello-Koko also identified the fishing sub-sector as an advantageous resource area that can grow the blue economy substantially.
He said, “ if the government can deliberately, or the stakeholders can deliberately form a sort of consortium and then come up with a bigger fishing industry, I think it will move the industry forward because what we have now are fragmentations.
“Apart from probably the foreign partners that are doing well, exporting lobsters, our lobsters are well loved in America and the UK. You can hardly find them here but those farmed are constantly being exported to the US and to the UK and we are making very good foreign exchange from it.
“Apart from the fisheries which can move the blue economy forward, we also have, like other countries, the net industry. The net industry in countries like India generates thousands of employment. Why do we have to import the nets and the crafts that were used in fishing?
“So if you can help us push for the development of the net industry, it will in fact assist in boosting the fishing industry. And then also we have the welders of the craft itself, that’s entirely another industry that will come up under fishing alone, so these are things that can generate serious employment opportunities, plus forex.”
The NPA boss commended LOME for the acquisition of its secretariat which has been designed to also serve as Centre for Media Advocacy, noting that the place will serve as a catalyst for positive change in the industry.
“I am particularly delighted by the fact that this Secretariat will serve as a hub for collaboration, information exchange, and the development of best practices. It will be a platform where stakeholders from various segments of the maritime industry can come together to address challenges, explore opportunities, and shape the future of our sector.”
In his contribution, the Executive Secretary, Nigerian Shippers’ Council (NSC) Hon Emmanuel Jime represented by the Council’s  Director Consumer Affairs  Department, Chief Cajetan Agu,  described the blue economy,  as having huge economic potential that should be harnessed by all.
 Describing Nigeria as a blessed country in terms of the abundance of Blue Economy,   the NSC CEO  said what is needed is to harness the potential of the blue economy. Jime pointed out that the opportunities embedded in the blue economy were so many that it has become the project of the entire African Union (AU).
 The NSC boss identified the potential of the blue economy as shipping, fisheries, underwater mining, cruise transportation, and tourism, among others. He said that realizing these potentials, the AU sees the blue economy as a project that no country will do alone because of the issue of security.
 Jime stated that the criminals move around in different territorial waters, and as such the blue economy needs to be implemented together.  He disclosed that the AU has developed a model of the blue economy after studying the potential, adding that for the body, it is the rebirth of the African Renaissance.
He however acknowledged that Nigeria through NIMASA has been able to reduce drastically the issue of piracy in her territorial waters and Gulf of Guinea (GoG.
Before the League’s Patron,  cut the tape to inaugurate the Secretariat,  the NIMASA DG; NPA MD, and the  Shippers’ Council ES/ CEO, had identified the various benefits that would accrue to the League from having its own Secretariat and encouraged the members of the Association to tap into those benefits.
 They all, lauded the various contributions of the League members, to the development of the maritime sector, and urged the League to ensure that it uses the Secretariat to brainstorm to set the agenda for the success of the Blue Economy, as well as the additional progress of the shipping sector.
Shittu, particularly charged the League, to consider building its own Secretariat being senior practitioners, and appealed to industry stakeholders to support the initiative whenever it comes on stream.
“I am delighted to be part of this epoch-making event, some of you l have known over the years, two, three decades, I remember those days while serving under Alhaji Sanni Kamba in the Association of Nigeria Licensed Customs Agents and l was the National Publicity Secretary, even though l was based in Port Harcourt, l was always coming around for meetings and briefings, so all along l have been part of you.”
“I foresee a future where we will be moving out of this apartment and going to our own property. Despite their moderate critical reporting as senior practitioners, l think that it is good for the industry.
“But generally, people should also be able to criticize certain reports, especially misleading reports. One of the mistakes we make is that we read stories and forget to read the commentaries or push out reactions.
“I am delighted to see the representatives of the CEOs of the agencies at the commissioning of your Secretariat, this shows mutual respect, even though they get you to attend their commissioning events all the time, it is good they identify with you during your own one-off events.
“Knowing that your profession is one of utmost service with very little monetary attachment, l am sure that if you ask them for water to support your secretariat, they will give you wine”., he had said.
Earlier, in his speech, the President of the League, Chief Timothy Okorocha had told the guests that the Monthly Roundtable Parley of the Association, which was on hold is now back, assuring that the League would again be providing the missing nexus in the industry, with regards to developmental journalism, and the essential advocacy that nations depend upon to nurture their peculiar circumstances and to build their capacities.
He expressed the League’s appreciation to all the stakeholders that have assisted the Association in one form or another, noting that, since, the Secretariat that is being inaugurated, is the beginning of a new long journey, LOME will still need their support to make the Secretariat,  a Center of Media Advocacy, as conceived by the body’s immediate past Executive.
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NSW will not subsume B’Odogwu Customs trade platform — Fakolade

Gloria Odion 
Tola Fakolade, the Director of Nigeria National Single Window Project has stated that the celebrated National Single Window project which first phase is due for official roll out in March,27th, 2026 is not a substitute for the Customs trade platform commonly called B’Odogwu, neither will the presidential initiative subsume the Customs platform.
Fakolade make this clarification against the rising fears that the multi- million dollar indigenous platform created by the Customs to enhance its operations and meant to replace the previous foreign – created portal, will be jettisoned at the berth of NSW.
However, he further clarified that the NSW will operate alongside the B’Odogwu Customs Management System, describing the two platforms as complementary.
“The B’Odogwu system handles core Customs processes such as valuation and risk management, while the National Single Window serves as the single-entry portal for traders to submit documents and applications for approvals,” he said.
Fakolade also declared that NSW will not replace any government agency involved in trade facilitation but will instead integrate their processes to eliminate duplication and improve efficiency.
He explained that the system is designed to ensure that once a release is issued by the Nigeria Customs Service, it would already reflect the risk assessment and compliance requirements of other port-related regulatory agencies.
According to him, key trade agencies were involved from the early stages of the project, with each nominating technical representatives who contributed to the development of the platform.
He noted that the system has already identified and addressed several duplicated processes that previously slowed cargo clearance and added no value to port operations.
Fakolade also disclosed that extensive training has been ongoing for over a month for end-users including importers, exporters, freight forwarders and officials of the Nigerian Ports Authority.
 He added that training sessions are being conducted physically at designated centres that accommodate between 30 and 50 participants, while additional learning resources and explanatory videos have been made available online.
Fakolade added that when the platform goes live on March 27, 2026, initial services will include applications for import licences, certificates and permits for agencies such as Standards Organisation of Nigeria, National Agency for Food and Drug Administration and Control, Nigeria Agricultural Quarantine Service and National Environmental Standards and Regulations Enforcement Agency, as well as manifest submissions by shipping lines and airlines.
Meanwhile, Princess Chi Ezeh, Vice President (Seaports) of the National Association of Government Approved Freight Forwarders (NAGAFF), commended the committee driving the NSW Nigeria for recognising freight forwarders as critical stakeholders in the reform initiative aimed at improving trade facilitation in the country.
Ezeh noted that the decision to engage freight forwarders during the awareness and consultation stages of the project demonstrates that the implementation team understands the strategic role operators play in Nigeria’s port and logistics ecosystem.
She added that during the engagement sessions, freight forwarders were able to highlight some operational challenges they face at the ports, which the project team assured would be addressed.
She expressed optimism ahead of the planned launch of the National Single Window, urging the implementation team to ensure that the system is properly structured to enhance trade facilitation rather than create additional delays in cargo clearance processes.
Also speaking, the Chairman of APFFLON Tincan Chapter, Alhaji Akeem Ayobiojo, assured that freight forwarders would play their part in ensuring the success of the initiative by submitting accurate documentation and complying with the required procedures.
He stressed that transparency and professionalism from operators are essential to achieving the project’s goal of reducing cost, saving time and improving efficiency in Nigeria’s port operations.
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Port modernisation, NSW:  the dual trade facilitation tools deployed by NPA to enhance efficiency for economic growth 

Funso OLOJO, Editor 
Nigeria’s maritime sector, the gateway through which over 80 per cent of the nation’s international trade flows, is undergoing a sweeping transformation, which is being midwifed by the Managing Director of the Nigerian Ports Authority, Dr. Abubakar Dantsoho.
Anchored on port modernisation, digital trade facilitation and institutional reform, the new maritime policy direction is designed to reposition Nigeria’s seaports as competitive hubs within the global shipping ecosystem.
Last week, the Nigerian Ports Authority (NPA) released its 2025 report showing that the nation’s maritime sector recorded a historic surge in activity, driven by increased cargo throughput, rising container traffic, and a growing export footprint — a development that underscores the federal government’s commitment to economic diversification.
The 2025 Operational Performance Report released by the NPA revealed that total cargo throughput surged by 24.8 per cent rising from approximately 103.6 million metric tons in 2024 to over 129.3 million metric tons in 2025.
The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, described the growth as one of the most significant annual increases in Nigeria’s maritime history, noting that the milestone strengthens the country’s position as a more competitive and strategic player in regional and global trade.
The outstanding performance did not just happen overnight, it is a result of the transformative reforms of the federal government.
 For decades, the nation’s ports struggled with a lot of constraints.
However, President Bola Tinubu is reversing the trend through an ambitious reform programme driven by the Ministry of Marine and Blue Economy under Adegboyega Oyetola and implemented largely by the Nigerian Ports Authority under the leadership of its Managing Director and Chief Executive Officer, Dr Abubakar Dantsoho.
At the centre of the reform strategy are two interconnected initiatives: the comprehensive modernisation of Nigeria’s port infrastructure and the deployment of the National Single Window (NSW), a digital platform designed to streamline trade documentation and eliminate bureaucratic delays.
Ahead of the flag off of NSW, the NPA put the structures in place and is fully ready. The NPA being a critical stakeholder in the NSW initiative has fully aligned its operational processes with the NSW platform.
In furtherance of this, NPA has been part of the NSW Committee, which has been working with the NSW Project Team, KPMG, and Crimson-Logic.
 These engagements have focused on ensuring seamless integration of the Authority’s Revenue Invoice Management System (RIMS 2.0) with the NSW architecture.
Several strategic, operational and technical decisions have been taken to align current processes with the national framework.
In line with Phase 1 of the NSW go-live, NPA has participated in a series of technical and strategic engagements with the NSW Project Team and implementation partners, complete initial User Acceptance Testing (UAT), inauguration of Transition Committee of the NSW and the development and delivery of all requested system endpoints (integration codes) to enable process alignment between NPA and NSW platforms.
Together, these initiatives represent one of the most far-reaching attempts to unlock the economic potential of Nigeria’s maritime sector and position it as a critical engine of national growth.
Nigeria’s ports have long been central to the country’s economic architecture. Yet for many years, they have been constrained by infrastructural decay and operational inefficiencies.
Experts estimate that Nigeria loses more than N1 trillion annually due to the lack of port automation and modern infrastructure, as congestion, delays and administrative duplication increase logistics costs for businesses and discourage shipping lines.
In addition to these financial losses, inefficient port operations have undermined Nigeria’s regional competitiveness.
West African ports in countries such as Ghana, Togo and Benin Republic, equipped with modern facilities and digital trade systems, have captured significant volumes of cargo originally destined for Nigeria.
The result has been a paradox: Africa’s largest economy operating with ports that have struggled to match the capacity and efficiency of smaller neighbouring economies.
Addressing this gap has therefore become central to the maritime reform agenda of the Tinubu administration.
Ports Reconstruction and Modernisation
A cornerstone of the reform programme is the large-scale reconstruction and modernisation of Nigeria’s major seaports.
The federal government has initiated an ambitious infrastructure renewal plan targeting key facilities including Apapa, Tin Can Island, Port Harcourt, Warri and Calabar ports.
The objective is to upgrade quay walls, deepen channels, modernise cargo-handling equipment and expand terminal capacity to accommodate larger vessels and increased trade volumes.
The strategy reflects a recognition that efficient ports are indispensable to economic growth.
 Modern ports reduce vessel turnaround time, lower freight costs and enhance supply chain efficiency, factors that directly influence a country’s competitiveness in international trade.
Early indicators suggest that these reforms are already beginning to produce measurable results.
 Nigeria’s cargo throughput recorded a significant surge in recent years, rising by 45.1 per cent to 103.3 million tonnes, while ship calls increased to more than 4,000 vessels across Nigerian ports. Container traffic also climbed to 1.74 million TEUs, reflecting growing trade activity and increased export shipments.
 These improvements highlight the economic potential that could be unlocked when infrastructure upgrades are combined with operational reforms.
One of the most immediate advantages of port modernisation is the improvement in operational efficiency.
 Many of Nigeria’s major ports were constructed several decades ago and have struggled to cope with the demands of modern shipping and cargo handling.
Ageing quay walls, shallow drafts, obsolete equipment and limited cargo-handling capacity have often resulted in congestion and long vessel waiting times.
Modernisation programmes that involve infrastructure upgrades, channel deepening and the deployment of modern cargo-handling equipment will significantly reduce vessel turnaround time and cargo dwell time.
Faster port operations mean ships spend less time waiting to berth, while cargo is cleared more quickly, improving the overall efficiency of the logistics chain.
Inefficient ports often translate to higher logistics costs for importers, exporters and shipping companies.
Delays in cargo clearance lead to additional charges such as demurrage, storage and handling fees, which are ultimately passed on to consumers in the form of higher prices.
By improving infrastructure and operational processes, port modernisation will lower these costs and make Nigerian ports more attractive to shipping lines and international investors.
This could also reverse the long-standing trend of Nigerian cargo being diverted to neighbouring ports in countries such as Benin Republic, Togo and Ghana.
Digital Transformation Via NSW
Infrastructure alone, however, cannot deliver a competitive port system without complementary digital reforms.
 This is where the National Single Window (NSW) initiative becomes critical.
Last week, the Chief of Staff to the President, Femi Gbajabiamila, announced that Nigeria will launch the National Single Trade Window platform on March 27.
He described the initiative as a monumental reform aimed at transforming the country’s trade ecosystem by simplifying procedures, improving efficiency and enhancing Nigeria’s competitiveness in global trade.
According to him, the initiative, which was first introduced by President Bola Tinubu nearly two years ago, represents a far-reaching fiscal reform designed to modernise Nigeria’s trade processes.
“We are about to launch yet another reform, fiscal reform by this administration, which in its nature will be very transformational,” he said.
The NSW is designed as an integrated digital platform that enables traders to submit all import, export and transit documentation through a single electronic interface rather than interacting with multiple government agencies.
The NSW seeks to eliminate these inefficiencies by creating a unified digital ecosystem that integrates all trade-related processes.
The implementation of the National Single Window adds a critical digital dimension to these reforms.
The NSW is an integrated electronic platform that allows traders to submit all import and export documentation through a single portal rather than dealing separately with multiple government agencies.
In the traditional system, importers and exporters are required to process documentation with several regulatory bodies, including customs, port authorities and inspection agencies.
This fragmented process often leads to duplication, delays and bureaucratic bottlenecks.
 The National Single Window eliminates these inefficiencies by integrating all trade-related processes into one digital ecosystem.
The result is faster cargo clearance, improved transparency and greater accountability in port operations.
Digital platforms reduce human intervention in administrative processes, thereby minimising opportunities for corruption and revenue leakages.
 In addition, real-time information sharing among stakeholders enhances coordination and improves decision-making across the maritime value chain.
From a macro economic perspective, these reforms have the potential to significantly boost government revenue and stimulate economic growth.
Efficient ports facilitate increased trade volumes, which in turn lead to higher customs duties, port charges and related maritime revenues.
Improved logistics infrastructure also supports export-oriented industries by ensuring that Nigerian products can reach international markets more efficiently.
Furthermore, modern ports and digital trade systems can attract foreign direct investment into sectors such as shipping, logistics, manufacturing and maritime services.
Investors are typically drawn to economies with reliable infrastructure and efficient trade systems, and the ongoing reforms are expected to strengthen Nigeria’s competitiveness in the global trading environment.
Ultimately, the combined impact of port modernisation and the National Single Window will extend beyond the maritime sector.
By improving trade facilitation, lowering logistics costs and enhancing revenue generation, these reforms will contribute to broader economic diversification and position Nigeria as a leading maritime hub in West and Central Africa.
Analysts project that a fully operational National Single Window could boost customs revenue by 10 to 20 per cent annually, translating into an additional N600 billion to N1.2 trillion in government earnings.
Beyond revenue generation, the system could reduce cargo dwell time by 35 to 45 per cent and cut overall trade transaction costs by up to 25 per cent.
Such improvements would significantly enhance Nigeria’s logistics performance and ease of doing business.
NPA’s Operational Leadership
The successful implementation of these reforms depends heavily on the institutional leadership of the Nigerian Ports Authority.
Under the leadership of Abubakar Dantsoho, the NPA has intensified efforts to modernise infrastructure, strengthen digital systems and improve operational efficiency across the nation’s port network.
The authority’s reform agenda includes the deployment of advanced automation tools such as the Port Community System, the Vessel Traffic Management System and digital cargo tracking platforms.
These initiatives are designed to enhance real-time coordination among port stakeholders and create the technological backbone required for the National Single Window to function effectively.
 The impact of these reforms is also reflected in the financial performance of the NPA.
The authority generated N894.86 billion in revenue in 2024 and is projecting N1.28 trillion in revenue for 2025, driven largely by increased cargo traffic, digital automation and infrastructure upgrades.
 Additionally, the NPA remitted a record N400.8 billion to the Consolidated Revenue Fund (CRF) in 2024, nearly double the amount remitted the previous year.
These figures underscore the growing economic significance of Nigeria’s maritime sector when supported by effective institutional leadership.
Oyetola’s Policy Coordination
While the NPA handles operational execution, the broader policy direction guiding the reforms comes from the Ministry of Marine and Blue Economy led by Adegboyega Oyetola.
The establishment of the ministry itself marked a strategic shift in Nigeria’s economic planning by recognising the maritime domain as a critical driver of national development.
The blue economy encompasses a wide range of activities including shipping, fisheries, marine transport, offshore energy and coastal tourism.
For Nigeria — with over 850 kilometres of coastline and vast maritime resources — these sectors represent enormous untapped economic potential.
Oyetola’s policy framework focuses on strengthening maritime governance, enhancing regulatory coordination and attracting investment into port infrastructure and maritime services.
By aligning policy reforms with infrastructure upgrades and digital transformation, the ministry aims to build a maritime ecosystem capable of supporting Nigeria’s long-term economic diversification.
Expanding Maritime Trade
Another key objective of the reform programme is to position Nigeria as a major maritime logistics hub in West and Central Africa.
Nigeria’s geographic location already places it along some of the busiest shipping routes connecting Europe, Asia and the Americas with Africa.
However, inefficiencies in port operations historically prevented the country from fully capitalising on this advantage.
With modern infrastructure, improved digital systems and streamlined regulatory processes, Nigeria’s ports could become the preferred destination for cargo serving the West African sub-region.
Evidence of this emerging potential can already be seen in the growing role of ports such as Lekki Deep Sea Port, which has significantly increased container traffic and trans-shipment volumes.
The development of modern ports alongside improved inland logistics networks could transform Nigeria into a regional redistribution centre for maritime trade.

Economic Multipliers

The broader economic implications of these reforms extend far beyond the port terminals themselves.

Efficient ports stimulate economic activity across multiple sectors, including manufacturing, agriculture, logistics and international trade.
Faster cargo clearance reduces production delays for industries that rely on imported raw materials, while improved export logistics enhance the competitiveness of Nigerian products in global markets.
Digital trade systems also improve transparency and reduce revenue leakages, strengthening government finances.
In addition, maritime infrastructure investments create employment opportunities across engineering, logistics, information technology and port operations.
Analysts estimate that a fully operational digital maritime ecosystem could generate over 100,000 direct and indirect jobs across the logistics and ICT sectors.
Such economic multipliers highlight why the maritime sector is increasingly viewed as a strategic pillar of Nigeria’s economic diversification strategy.
Charting Nigeria’s Maritime Future
The reforms being implemented in Nigeria’s maritime sector represent one of the most significant structural transformations of the country’s trade infrastructure in decades.
By combining port modernisation with digital trade facilitation, the administration of Bola Ahmed Tinubu is laying the groundwork for a more efficient and globally competitive port system.
With strong policy coordination from Adegboyega Oyetola and operational leadership from Abubakar Dantsoho at the Nigerian Ports Authority, the maritime sector is gradually being repositioned as a major driver of national economic growth.
If sustained and fully implemented, these reforms could transform Nigeria’s ports into modern logistics gateways capable of supporting industrial expansion, regional trade integration and long-term economic prosperity.
In many ways, the success of this maritime transformation will not only redefine the efficiency of Nigeria’s port system but also shape the country’s role in the future architecture of global trade.
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Realtors seek partnership with Lagos Govt on Omi Eko waterways  transportation project.

Funso OLOJO, Editor.
The €410m foreign creditors  – backed Omi Eko water transportation project of Lagos state government has received a big boost with the interest shown by the  International Real Estate Federation (FIABCI).
The professional Realtors have approached the Lagos state government through the Lagos State Waterways Authority (LASWA) to explore areas of collaboration around Lagos State’s expanding water transportation system and its broader Blue Economy potential.
The delegation was led by Akin Opatola,  President of FIABCI Nigeria and  Mr. Adeniji Adele, President of FIABCI Africa and the Near East, as well as senior officials and members of the international real estate federation.
The delegation was received by Mr Emmanuel Oluwadamilola, the General Manager of LASWA who also doubles as Special Adviser on Blue Economy to the Governor of Lagos State.
The two parties discussed the Lagos State’s ambitious efforts to modernize its inland waterways transport system through the OMI EKO Water Transport Project.
The LASWA General Manager outlined the strategic direction of the project and its role in transforming urban mobility across Lagos.
According to  him, the initiative is designed to decongest Lagos roads, improve productivity, reduce transportation costs, and lower carbon emissions, while positioning water transportation as a central pillar of Lagos State’s urban mobility strategy.
He further disclosed that the project will introduce modern ferry operations supported by electrified vessels, upgraded terminals, and integrated transport infrastructure, creating a cleaner and more efficient water transport ecosystem.
Mr Oluwadamilola further told FIABCI delegation that OMI EKO project is supported by a strong international financing structure including, Agence Française de Développement (AFD) – €130 million loan, European Investment Bank (EIB) – €170 million loan, European Union – €60 million grant
Lagos State Government – €40 million counterpart funding
Private sector participation in Intelligent Transport Systems (ITS).
Also, the project will deliver 15 ferry routes across Lagos waterways,
Dredging and marking of approximately 140 kilometers of navigable channels,
Development of 25 modern ferry terminals and jetties, Deployment of electric ferries, Integrated ticketing and improved waterway safety infrastructure.
Following the presentation, members of the visiting FIABCI delegation engaged the LASWA leadership in a round of questions and observations, seeking further clarification on the implementation framework of the OMI EKO project.
Members of the delegation sought insights into issues including terminal development opportunities, private sector participation, integration with urban planning, and the long-term investment potential of Lagos’ water transport corridors.
Mr. Oluwadamilola further elaborated  on the project’s structure and the strategic vision of Lagos State to position water transportation as a key pillar of the state’s evolving Blue Economy.
Speaking during the meeting, FIABCI Nigeria President, Akin Opatola, noted that the modernization of Lagos waterways presents a strategic opportunity to rethink how cities integrate transport infrastructure with real estate and urban development.
Opatola emphasized that major water transport infrastructure projects such as the OMI EKO initiative create new corridors of economic activity, particularly around ferry terminals and waterfront locations.
He stated that the real estate sector has a critical role to play in supporting such infrastructure through transport-oriented development, waterfront regeneration, and the creation of mixed-use economic hubs that can stimulate sustainable urban growth.
He further noted that FIABCI members, as professionals in the real estate and development ecosystem, are keen to explore ways in which urban planning, investment, and property development can align with Lagos State’s water transportation expansion.
Also speaking, Mr. Adeniji Adele, President of FIABCI Africa and the Near East, observed that Lagos is uniquely positioned to become a leading example in Africa of how coastal cities can leverage their waterways to drive mobility, economic development, and sustainable waterfront investment.
He noted that global cities that successfully integrate their waterways into urban life often unlock significant real estate and tourism value, and expressed optimism that Lagos could replicate similar outcomes as the OMI EKO project unfolds.
 Ubong Essien, Founder of the Blue Economy Academy, emphasized the importance of collaboration among government agencies, industry professionals, and investors in delivering large-scale maritime infrastructure initiatives.
Essien noted that Nigeria’s experience in strengthening maritime security in the Gulf of Guinea demonstrated that successful sector transformation often begins when all stakeholders are brought to the table at the earliest stages of major projects.
He also pointed out that the 25 ferry terminals planned under the OMI EKO project represent significant opportunities for transport-oriented waterfront development across Lagos, creating new intersections between mobility infrastructure, urban development, and the Blue Economy.
The visit underscores the growing recognition of Lagos waterways as a strategic mobility and economic infrastructure for Africa’s largest city.
It could be recalled that the Omi Eko project was launched in October, 2025.
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