The Federal Government has secured the interest of global maritime players, including AD Ports Group and DP World, as part of efforts to relaunch a national shipping carrier and strengthen Nigeria’s maritime sector.
This was disclosed by the Minister of Marine and Blue Economy, Adegboyega Oyetola, during a stakeholders’ engagement and ministerial retreat in Lagos. He highlighted ongoing initiatives aimed at boosting local shipping capacity and enhancing the industry’s global competitiveness.
Oyetola noted that the proposed national carrier would help reduce reliance on foreign shipping lines, retain more economic value within the country, and generate employment opportunities.
He added that the project is part of a broader strategy that includes the planned disbursement of the Cabotage Vessel Financing Fund (CVFF), designed to support indigenous shipowners and strengthen local participation in maritime trade.
On port infrastructure, the minister clarified that the government’s modernisation programme extends beyond Lagos, emphasizing a nationwide approach. He revealed that procurement is ongoing for upgrades in ports located in Warri, Port Harcourt, Onne, and Calabar, alongside approved improvements for Apapa and Tin Can Island ports.
He also disclosed that approvals have been granted for new deep seaports in Bayelsa, Cross River, Akwa Ibom, and Ondo states, noting that these developments align with the government’s economic diversification drive and are expected to boost trade, lower business costs, and attract investments across sectors.
