Nigeria\u2019s Minister of Marine and Blue Economy, Gboyega Isiaka Oyetola, has promised to revive the nation\u2019s maritime sector to compete with its foreign counterparts.
\nOyetola emphasised his commitment to revitalizing the industry through partnerships with private sectors.
\nHe envisages a collaborative effort that integrates private investment with public to bring the sector back to life.
\nOyetola stated this during a maritime interactive session at the 29th Nigerian Economic Summit held in Abuja,
\nThe summit, he said, was aimed at proffering solutions to the impediments hindering the sector\u2019s growth, widely acknowledged as a cornerstone of the nation\u2019s economy.
\n\u201cOne of the things we are trying to do now is the rehabilitation of all the ports, and it will cost a billion dollars. If we don\u2019t do that, the ports will collapse\u201d, Oyetola said.
\nHe added that efficiency in cargo clearance and the use of technology were very key to ease of doing business at the ports.
\nThe minster further stated the mandatory implementation of scanners at ports, striving for real-time clearance and reducing the burden of physical examinations on all containers.
\nOyetola urged stakeholders to seize the opportunity and contribute innovative ideas to reinvigorate the sector.
\nEarlier,Chief Executive Officer, Maritime Innovations Hub, Princess Ronke Kosoko, said the burden of maritime revitalisation cannot rest solely on the president or the minister.
\nKosoko urged all stakeholders to unite, break free from competitive isolation, and collaborate to fulfil the shared vision of a thriving maritime industry contributing significantly to Nigeria\u2019s projected $1 trillion economy.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nigeria\u2019s Minister of Marine and Blue Economy, Gboyega Isiaka Oyetola, has promised to revive the nation\u2019s maritime sector to compete with its foreign counterparts. Oyetola emphasised his commitment to revitalizing the industry through partnerships with private sectors. He envisages a collaborative effort that integrates private investment with public to bring the sector back to life. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[],"class_list":["post-324349","post","type-post","status-publish","format-standard","hentry","category-maritime"],"_links":{"self":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts\/324349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=324349"}],"version-history":[{"count":1,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts\/324349\/revisions"}],"predecessor-version":[{"id":324356,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=\/wp\/v2\/posts\/324349\/revisions\/324356"}],"wp:attachment":[{"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=324349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=324349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetidenewsonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=324349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}