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The Minister of Transportation, ‎Rotimi Amaechi, on Wednesday, November 2, shocked Nigerians, as he revealed why President Muhammadu Buhari, may not succeed, despite his efforts to transform Nigeria.
According to Amaechi, the President’s ‎investment in Agriculture, Mining, Solid Minerals, and Manufacturing, cannot bring about the required economic self reliance, if the maritime sector remains a mere appendage.
The Minister, speaking ‎at the celebration of the 2016 World Maritime Day, tagged: “Shipping Indispensable to the World”, held in Lagos, stressed that for Nigeria’s economy to be self reliant, the Maritime industry, must not remain a mere appendage in a foreign dominated shipping industry.
He noted, that government at the Federal level, was committed to assisting genuine investors to access Cabotage Vessel Financing Funds, CVFF.
‎Amaechi said, “Investment in Agriculture, Mining, Solid Miineral, and Manufacturing, would not bring about the required economic self-reliance, if the maritime sector remains a mere appendage in a foreign dominated shipping industry.

‎”Government is equally committed to assisting genuine investors, to access the CVFF, in order to boost investment in ship building, and repairs,” the Minister stated.
He pointed out, that efforts were at an advanced stage, to facilitate the establishment of a national carrier, to be spear headed by the  private sector.
He said, “This when established, is believed to address multiple challenges in the shipping industry, such as check capital flight, create more employment opportunities for our youths, provide opportunities for seatime, training of graduate cadets, as well as enforce resurgence in the ship building and repairs sub-sector of shipping.
“We are committed to exploring the single window project, and ensuring that the various operational processes of the Maritime sector, such as vessel reception, cargo handling and clearance, among others become automated, to reduce revenue leakages.
‎”The gap in manpower development, would be addressed, by upgrading capacity building institutions, to provide the needed professionals, and skilled personnel to run the industry,”‎ Amaechi noted.

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