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    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
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    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financial institution’s president, contains aiding cabotage vessel acquisitions, shipbuilding and restore of Nigeria’s outdated port amenities.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.



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