Business Infrastructure Maritime Top Story Trade

Amaechi tasks contractors to speed up Lekki seaport, 90 per cent completed

Reading Time: 2 minutes The Minister of Transportation, Mr Chibuike Amaechi, has urged contractors of the Lekki Deep Seaport Project to speed up work to enable the government to approve all the necessary processes before the next election. Amaechi made this known in a statement on Saturday while inspecting the ongoing construction of the Lekki Deep Seaport Project in Read More…

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Experts suggest new Nigerian shipping line to boost GDP

Reading Time: 4 minutes Image Credits: REUTERS/Mohamed Abd El Ghany/File Photo, REUTERS. Experts on Friday urged the Federal Government to consider having a national fleet for the maritime industry to effectively contribute its quota to the country’s Gross Domestic Product (GDP). They made the appeal in separate interviews with the News Agency of Nigeria (NAN) in Lagos. Mr Greg Read More…

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NIMASA issues 3-month ultimatum for cabotage registration

Reading Time: 2 minutes Image Credits: REUTERS/Akintunde Akinleye, The Maritime Executive. The Nigerian Maritime Administration and Safety Agency (NIMASA), has issued a three-month ultimatum to companies engaged in cabotage services in Nigeria, to register all vessels used in coastal and inland waters for such operations. Mr Philip Kyanet, Head, Corporate Communications, NIMASA, issued the ultimatum in a statement on Read More…

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Lagos-Ibadan rail project expected to decongest Apapa port

Reading Time: 3 minutes Image Credits: Federal Ministry of Information & Culture, REUTERS. The federal government says with the linkage of 156km Lagos-Ibadan standard gauge rail line to Apapa seaport and construction of dry port in Omi Adio, near Ibadan, the perenial congestion in Apapa will be a thing of past. The Minister of Information and Culture, Alhaji Lai Read More…

COVID19 Featured Maritime Taxes & Duties

COVID-19 : FG considers tax incentives for maritime sector

Reading Time: 2 minutes Image Credits: IRIN/Daniel Hayduk. The Federal Ministry of Transportation is proposing tax incentives for the maritime industry to stimulate investment and boost activities, amid downturn caused by COVID-19 pandemic. The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, disclosed this in a statement in Lagos on Wednesday. Jamoh who conveyed Read More…