The Federal Government expects Nigeria to achieve $1 trillion in economic growth by 2027, with the country’s maritime sector playing a crucial role in this achievement.
During a courtesy visit to Tincan Island Container Terminal Limited in Lagos on Thursday, Pius Akuta, the Executive Secretary of the Nigerian Shippers Council, revealed this information.
In three years, or precisely 2027, President Bola Tinubu revealed that the government was attempting to propel Nigeria into a $1 trillion economy.
But Akuta stated, “Mr. President and his new hope agenda for this country is looking at moving from $500bn economy to $1tn economy by the end of four years,” while speaking during the tour.
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“And one of the key ministries that would drive this economy to that extent is the ministry of marine and blue economy.”
The head of the NSC went on to say that the government is considering working with the private sector to rebuild the industry.
In order to avoid solving one problem at a time while the others continue to exist, the Minister of Marine and Blue Economy, His Excellency Oyetola, is currently working on creating a comprehensive blueprint, or new policy document, that would address all of the infrastructure deficiencies, deterioration, and automation of the port’s systems. However, we must examine the system as a whole and determine what can be done, Akuta continued.
It was earlier stated by Mr. Etienne Rocher, Managing Director/Chief Executive Officer of Tincan Island Container Terminal Limited, that the modernization and restoration of Lagos Ports was essential to fulfilling the demands that would draw shipping lines and increase the nation’s competitiveness in West and Central Africa.
