Close Menu
    Trending
    • CAFCL: Rivers United off to Zambia for Power Dynamos clash 
    • Arsenal went to another level in San Siro win
    • Audi targets F1 supremacy in 2026
    • Lawyer allegedly shoots man dead during masquerade display in Rivers
    • Uproar as Ebonyi APC pegs LG chairmanship form for N30m
    • Trump touts first-year accomplishments in lengthy White House briefing before heading to Davos
    • Vinicius defies boos with star turn in Real Madrid’s 6-1 UCL rout of Monaco | Football News
    • Galentine’s Beauty Gift Ideas: Makeup, Skincare & More
    Nigeria Newz
    • Home
    • Nigeria News
    • Nigeria Politics
    • Africa News
    • World News
    • US News
    • Nigeria Lifestyle
    • More
      • Nigeria Business
      • Nigeria Economy
      • Entertainment
      • Nollywood Movies
      • Relationship
      • Soccer
      • Sports
      • Travel News
    Nigeria Newz
    Home»Nigeria Economy»Nigeria targets return to sea power with Maritime Bank-backed carrier
    Nigeria Economy

    Nigeria targets return to sea power with Maritime Bank-backed carrier

    NigeriaNewzBy NigeriaNewzJune 25, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
    Follow Us
    Google News Flipboard
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Mv. Nnamdi Azikiwe, constructed by Swan, Hunter and Wigham Richardson Ltd, Newcastle-upon-Tyne 1963 / 5,063 gt / 141.76 metres. Purchased 1962, bought 1981 to Center East Maritime Ltd Piraeus (C. and G. Philippotis) and renamed Ronhil.

    Thirty years after the collapse of its former nationwide fleet, the Nigerian authorities plans to determine a state-owned delivery provider to champion its pursuits in world commerce.

    The ambition is, along with different issues, anchored on financing from the Regional Maritime Improvement Financial institution (RMDB) to develop the nation’s maritime sector.

    The blueprint of operation, unveiled by the financial institution’s president, contains aiding cabotage vessel acquisitions, shipbuilding and restore of Nigeria’s outdated port amenities.

    The financial institution, which not too long ago struck a $150 million deal with Nigeria for the improve and growth of “a serious shipyard”, stated additionally it is prioritising port development and modernisation, creating inland waterways transportation, and funding multimodal logistics.

    “Our implementation plan addresses essential gaps in maritime infrastructure and capability, with a pointy concentrate on constructing a nationwide provider to claim Nigeria’s presence in worldwide delivery,” stated Adeniran Aderogba, the financial institution’s pioneer president throughout a gathering with prime officers of the Federal Ministry of Marine and Blue Economic system not too long ago in Abuja.

    Learn additionally: Maritime bank fuels hope for Nigeria’s ports, shipping sector revamp

    “This isn’t nearly financing tasks, it’s about making a legacy of maritime excellence, resilience, and regional integration,” he stated.


    Nigeria will hope to not make a former mistake. The nation’s earlier provider, known as the Nigerian Nationwide Delivery Line (NNSL), was liquidated in 1995 after 36 years as a state-owned enterprise on account of struggles with mismanagement, corruption, and competitors from extra environment friendly overseas traces.

    At its peak, NNSL operated a fleet of 24 oceangoing vessels and performed a key position in coaching Nigerian seafarers and supporting nationwide commerce. Upon shutdown, all its vessels have been bought off.

    Stakeholders on the assembly have been in a position to agree that success would depend on “synergy” amongst all Ministries, Departments and Companies (MDAs). targeted on aligning nationwide efforts towards maritime sector development and infrastructure growth.

    “Collaboration with all related authorities businesses and personal sector actors is central to our mission,” Aderogba stated.

    An inter-ministerial committee is to be set as much as present rapid coverage assist for tasks implementation.

    Aderogba stated that the provider, amongst different interventions, is essential to elevating Nigeria’s place in world maritime and commerce, particularly enhancing its rank in West and Central Africa.

    Bethel Olujobi

    Bethel Olujobi reviews on commerce and maritime enterprise for BusinessDay with prior expertise reporting on migration, labour, and tech. He holds a Bachelor’s diploma in Mass Communication from the College of Jos, and is licensed by the FT, Reuters and Google. Drawing from his expertise working with different revered information suppliers, he presents a nuanced and knowledgeable perspective on the complexities of essential issues. He’s primarily based in Lagos, Nigeria and sometimes commutes to Abuja.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    NigeriaNewz
    • Website

    Related Posts

    Audi targets F1 supremacy in 2026

    January 21, 2026

    Man City stunned by Bodo/Glimt in shock 3–1 Champions League upset

    January 20, 2026

    Faith & Finance: Inside Nigeria’s new tax deal with churches, mosques

    January 20, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Economy News

    Tired of stake’s repetitive games? Spartans offers 5,963+ casino titles & more variety

    By NigeriaNewzJuly 30, 2025

    Most gamers know the sensation, leaping into an internet on line casino, solely to see…

    2027: ‘Cheap, empty talk’ – APC knocks Udenta over collapse prediction

    September 17, 2025

    Reform imperative: Building a prosperous & inclusive Nigeria by 2030 takes centre stage at NES31

    October 6, 2025

    Lagos Consulate reaffirms one-China principle amid calls for Taiwan’s inclusion in UN

    September 19, 2025

    2027: Oyo APC Youths mobilise for leadership ahead of elections

    September 8, 2025
    Categories
    • Africa News
    • Entertainment
    • Nigeria Business
    • Nigeria Economy
    • Nigeria Lifestyle
    • Nigeria News
    • Nigeria Politics
    • Nollywood Movies
    • Relationship
    • Soccer
    • Sports
    • Travel News
    • US News
    • World News
    About us

    Welcome to Nigerianewz.com — your trusted source for the latest and most comprehensive news about Nigeria, Africa, and the world.

    At Nigerianewz.com, we are passionate about keeping you informed with up-to-date, accurate, and insightful news coverage across a wide range of topics that matter to you. Whether you want to catch up on Nigeria Politics, get breaking Africa News, or stay updated on global happenings through our US News and World News sections, we’ve got you covered.

    Our mission is to connect you with authentic stories, powerful voices, and engaging content that reflects the dynamism of Nigeria and the broader African continent. Nigerianewz.com is designed to be your go-to platform for everything happening at home and around the globe.

    Thank you for choosing Nigerianewz.com — where news lives, breathes, and speaks to you.

    Recent Posts

    We’re still on strike—Yobe varsity ASUU

    July 28, 2025

    Enugu: Mbah loud on 2000 projects

    October 18, 2025

    UCL: Galatasaray boss gives fitness update on Osimhen ahead Liverpool showdown

    September 29, 2025

    Guardiola defends decision to adopt defensive approach in Arsenal draw

    September 21, 2025

    Judiciary, Legislature now servants of the executive —Buba Galadima

    July 5, 2025
    Categories
    • Africa News
    • Entertainment
    • Nigeria Business
    • Nigeria Economy
    • Nigeria Lifestyle
    • Nigeria News
    • Nigeria Politics
    • Nollywood Movies
    • Relationship
    • Soccer
    • Sports
    • Travel News
    • US News
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Nigerianewz.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.