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Nigerian maritime industry integral to government’s ambitious $1 trillion economic growth target

Pius Akuta, Executive Secretary of the Nigerian Shippers Council, emphasizes the crucial role of the marine sector in President Bola Tinubu's ambitious economic agenda.

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In pursuit of President Bola Tinubu’s vision to elevate Nigeria to a $1 trillion economy by 2027, the Federal Government asserts the pivotal role of the Nigerian maritime industry. Pius Akuta, the Executive Secretary of the Nigerian Shippers Council (NSC), underscored this significance during a courtesy visit at the Tincan Island Container Terminal Limited in Lagos on Thursday.

President Tinubu had earlier unveiled the government’s goal to propel Nigeria into a $1 trillion economy within three years. Discussing the ambitious economic agenda, Akuta stated, “Mr. President and his new hope agenda for this country are looking at moving from a $500 billion economy to a $1 trillion economy by the end of four years. And the marine and blue economy ministry is one of the pivotal ministries that would drive this economy to that extent.”

During the tour, Akuta highlighted the government’s intention to foster private sector collaboration in revitalizing the maritime sector. He revealed that the Minister of Marine and Blue Economy, Oyetola, is actively working on a comprehensive blueprint and new policy document. The objective is to address infrastructure deficits, tackle decay, and introduce automation to port systems. Akuta emphasized the need for a holistic approach, ensuring that all aspects of the system are considered and addressed simultaneously.

The Managing Director and Chief Executive Officer of Tincan Island Container Terminal Limited, Etienne Rocher, echoed the importance of rehabilitating and modernizing Lagos Ports. He emphasized that these efforts are crucial to meeting the necessary requirements to attract shipping lines, ultimately enhancing Nigeria’s competitiveness in the West and Central Africa region.

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