The Federal Government is working towards the re-establishment of a National Shipping Line through a strategic Public Private Partnership arrangement.

Speaking in Lagos at a stakeholders’ roundtable engagement on advancing sustainable development in Nigeria’s marine and blue economy, the Minister of Marine and Blue Economy, GBOYEGA OYETOLA explained that the roadmap will advance the industry’s potential, promote sustainable blue economy investments, and ensure global competitiveness within the sector.

The Minister also noted that the government has created a roadmap towards a sustainable blue economy.

According to him, the re-establishment of a National Shipping Line, through a strategic Public-Private Partnership arrangement, is borne out of our desire to capture a substantial share of the estimated 10 billion dollar annual ship charter market within the country.