Amaechi woos foreign investors to Nigerian maritime sector

I’m handicapped — Amaechi says Finance Ministry frustrating Cabotage fund disbursement 

 

Minister of Transportation, Rotimi Amaechi, has said Nigeria’s maritime sector is a haven of opportunities for the world to exploit.

Amaechi said on Tuesday at the virtual 2021 Greek-Nigeria Chamber of Commerce and Technology Investment and Trade Forum that Nigeria is a strategic destination for investments opportunities by Greece.

He stressed that the maritime sector should be particularly attractive to Greek trading and shipping financing.

The minister noted that security on Nigeria’s waterways had improved so tremendously as to encourage increased investments.

According to him, Nigeria is open to investments in seaports and other maritime activities.

“Presently there is huge investment in security and efforts are in place to sustain it,” he said.

Amaechi also said that the Federal Government’s approval for the construction of three new seaports is critical in boosting an efficient transportation system.

He said the new seaports would be at Onne in Rivers State, Lekki in Lagos State and Warri in Delta State. He said the port at Lekki would be inaugurated in December 2022.

Speaking earlier, the Managing Director, Nigerian Investment Promotion Commission (NIPC), Emeka Offor, restated the commission’s commitment to assist investors to navigate challenges in investing in Nigeria.

He noted that the Federal Government had shown strong commitment in addressing the challenges militating against investments.

According to him, Nigeria is one of the most entrepreneurial, innovative and ingenious economies in Africa.

While identifying possible areas of interest for investments, Offor pointed out that the 36 states in the federation and the FCT have various areas of competitive advantage.



Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.

..