Deep Blue Project: Minister Threaten To Withhold Contractor’s Fee         The Minister of Transportation, Mr. Rotimi Amaechi, has threatened to withhold the balance of the contract fees of the Deep Blue Project if all the terms of the project were not met. Speaking during an inspection tour...

Fed Govt To Begin $195m Maritime Security Project Q1 2021       The federal government has disclosed that barring any unforeseen circumstance, the $195 million Integrated National Security and Waterways Protection Infrastructure, also called the Deep Blue Project, which has suffered many delays will commence in the...

Senate To Auditor-general: Stop Shielding NNPC, NPA, Others       The Senate has challenged the acting Auditor-General of the Federation, Mr Adolphus Aghughu, to focus more on the financial transactions of big revenue generation agencies instead of beaming searchlight only on smaller agencies. The Chairman, Senate Public Affairs...

Transport Ministry Proposes N205bn Budget For 2021         The Minister of Transportation, Chibuike Rotimi Amaechi has proposed the total sum of N205.1 billion as capital budget for the ministry in year 2021. Making his presentation before the Joint Committee of the Senate and House of Representatives on...

Shipping Can Contribute 5% To GDP Yearly – Jamoh       Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh, has said that a developed shipping industry has potential to contribute about five percent to the nation’s economy. Jamoh disclosed this in Lagos when he...

Concerns Over $17bn Annual Freight Loss To Foreign Shipping Lines         Stakeholders in the maritime industry have expressed displeasure over the yearly $17 billion revenue loss to foreign ship owners due to the inability of the country to lift her cargoes. According to shipping experts and economists,...