Maritime Exports Outpace Imports by 39% in 2024 - NBS   Goods exported via maritime transport exceeded imports in the same category by 39.76 per cent in 2024, a sharp deviation from other modes of foreign trade transport. This highlights the fact that importers avoided delay...

The Federal Government has pledged to fully support the Bakassi Deep Seaport Integrated Project, a major infrastructure aimed at transforming Nigeria’s maritime sector and boosting the nation’s economy. 

Experts are advocating for the introduction of sustainable practices to ensure the long-term health and productivity of Nigeria's blue economy as the potential of the maritime sector is harnessed. 

At IMO General Assembly, Oyetola Restates FG's Commitment to Reposition Maritime Sector   Nigeria's Minister of Marine and Blue Economy, Adegboyega Oyetola, has restated the commitment of President Bola Ahmed Tinubu's administration to reposition the nation's maritime sector in line with its agenda for economic growth...

FG Considers Tax Holiday For Maritime Sector       The Federal Ministry of Transportation is seeking a package of tax incentives to stimulate investment and boost activities in the maritime industry, amid the downturn induced by COVID-19. Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh,...

Operators Decry 400% Increase In Freight Rate       Stakeholders in the maritime sector have expressed concern over the increased cost of freight by 400 percent due to the drop in the nation’s Gross Domestic Product (GDP). The Stakeholders who expressed their worries in an interactive session in...