Business
FG Moves To Reposition Maritime Sector …As Alternative Revenue Source

The Federal Government says the repositioning of the Nigerian Maritime Sector is geared at making it a leading viable alternative source of revenue in the growing economy.
President Muhammadu Buhari stated this during a public book presentation in Abuja titled, “Harnessing Nigerian Maritime Asset, Past, Present and Future “authored by Director, Finance and Admin, NIMASA, Mr Bashir Jamoh.
In a statement made available to The Tide on Wednesday by the agency, Buhari said there is no change without pains and urged Nigerians to keep faith with the administration.
Represented by the Minister of Transportation, Rotimi Amaechi’s Buhari said Nigeria has relied so much on crude oil adding that it is time to focus on other sources, particularly the blue economy which covers both acquatic and marine space.
He said, NIMASA has been transformed to live up to its maritime regulatory and promotional mandates.
“We know that the maritime sector has much to offer in terms of jobs, wealth creation and also contribution to the nation’s Gross Domestic Product (GDP)”.
The sector, he said, comprises fisheries, acquactics, vessels and cargoes, thereby making it a much lucrative aspect of the economy.
Chinedu Wosu
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