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‘Nigeria can unlock N22tr Blue Economy with PPP reforms’

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The country could unlock over N22.12 trillion in new value across ports, fisheries, logistics and offshore resources if it adopts a coordinated, solution-oriented blueprint for reforming its blue economy through public–private partnerships (PPPs), maritime experts have said.
The call was made at the 2025 Conference of the Association of Maritime Journalists of Nigeria (AMJON) in Lagos, where stakeholders argued that Nigeria must shift from diagnosing problems to implementing clear, measurable solutions that would rapidly boost competitiveness in the regional maritime economy—where the country currently contributes less than 15 per cent despite its vast potential.
Head of Research at the Sea Empowerment and Research Centre (SEREC), Dr. Eugene Nweke, said Nigeria already has the building blocks to transform its maritime sector, but needs a functional framework that aligns government, private capital, technology providers and coastal communities.
According to him, “The PPS framework goes beyond conventional PPPs. It is a developmental alliance where government, private investors, academia and communities share responsibility for co-creating, co-financing and co-monitoring blue economy initiatives.”
Nweke outlined a suite of practical interventions that he said could swiftly reposition Nigeria’s maritime sector and unlock significant economic value. He emphasised the need for an integrated port automation and multimodal transport system capable of efficiently handling the country’s 70 million metric tonnes of annual cargo.
According to him, such a system could save the economy up to N3 trillion in yearly trade costs. He also highlighted the urgent need to expand aquaculture and cold-chain infrastructure to close Nigeria’s 2.1 million-tonne fish deficit, cut $1 billion spent annually on fish imports, and create as many as 500,000 jobs.
Beyond the ports, Nweke identified vast opportunities in tourism and offshore resources. He noted that tapping just five per cent of Nigeria’s coastline for marine leisure activities could generate $3 billion (N4.13 trillion) annually, while sustainable exploration of gas reserves, renewables and seabed minerals could add another $10 billion (N14.7 trillion) each year.
He added that establishing a national barge operations system would further strengthen the logistics chain by creating 150,000 jobs, easing port congestion by 50 per cent, and opening up new inland industrial corridors that would stimulate wider economic productivity.

Nweke said these solutions are not theoretical, adding that African countries have already achieved similar gains.
He said: “Mauritius grew its blue economy contribution from 10 per cent in 2015 to 19 per cent in 2022 through PPP-driven fisheries and tourism, while Ghana’s Takoradi Port PPP attracted $350 million, doubled throughput and slashed public-sector cost by half.”
To fast-track these opportunities, Nweke outlined a set of structural reforms designed to give Nigeria’s blue economy a coordinated and investment-friendly framework. Central to his recommendations is the establishment of a National Blue Economy Council (NBEC) chaired by the Vice President, alongside making PPPs the default model for all marine infrastructure projects.
He also called for the enactment of a Blue Economy Investment Code to harmonise environmental, fiscal and industrial incentives while operationalising the National Maritime Data Repository (NMDR) to strengthen evidence-based planning.
Nweke further proposed institutionalising quarterly Public–Private Blue Economy Roundtables (PBBIR) to assess progress, strengthen collaboration and guide policy reviews. He added that deeper integration of Ajaokuta steel, inland mining and intermodal logistics into maritime development plans would ensure a more robust value chain, supporting both industrial growth and long-term sectoral competitiveness.

Chairman of the Senate Committee on Marine Transport, Senator Wasiu Eshilokun, said the National Assembly is ready to support any reform that strengthens Nigeria’s maritime competitiveness and closes infrastructure gaps.
According to him, “We must modernise our existing ports and develop new deep-sea ports to increase efficiency and handle larger volumes of cargo.”
He also called for solution-oriented intervention in fisheries and aquaculture.
“We need sustainable fisheries practices, improved aquaculture technology and enhanced research to boost food security and create livelihoods,” he said.
Eshilokun added that Nigeria must expand investments in marine renewable energy, biotechnology and deep-sea mining, while strengthening the nation’s legal and judicial frameworks to protect maritime investments and resolve disputes faster.

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Maritime

Fed Govt slashes vehicle import levy

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  • Fiscal measures take effect

The Federal Government has reduced the import levy on both new and used vehicles as part of its 2026 Fiscal Policy Measures

The  move, the government said, is aimed at lowering the cost of vehicle importation, easing the burden on importers and improving access to vehicles for consumers.

The new fiscal measures, which took effect on July 1 2026, form part of a broader review of Nigeria’s import tariff structure and customs regime designed to stimulate economic activity and support trade.

Under the revised policy, the import levy on new vehicles has been reduced from 20% to 10%, while the levy on used vehicles has been cut from 15% to 5% per cent.

According to government, “Beginning 1st July 2026, the Nigeria Customs Service will implement the Green Tax Surcharge as part of the 2026 Fiscal Policy Measures to support environmental sustainability. while also reducing the import levy on new vehicles from 20% to 10% and that of used vehicles from 15% to 5% to ease the cost of vehicle importation?”

Importers and dealers have since welcomed the development, describing it as a positive step forward.

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Maritime

NPA launches multi-agency task force to tackle renewed Lagos port gridlock

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The Nigerian Ports Authority (NPA) has inaugurated a multi-agency task force to address the resurgence of traffic congestion along the Lagos port access roads, as part of renewed efforts to ensure seamless cargo evacuation and sustain improvements in port operations.

The initiative followed a stakeholders’ meeting convened by the Managing Director of the NPA, Dr. Abubakar Dantsoho, last month, where security agencies, freight forwarders, truck operators and representatives of the Lagos State Government agreed on coordinated measures to eliminate bottlenecks affecting cargo movement.

Deliberations at the meeting identified illegal extortion points, overlapping responsibilities among security agencies and other operational inefficiencies as major causes of the renewed gridlock along the port corridor.

Speaking on the outcome of the meeting, the General Manager, Corporate and Strategic Communications of the NPA, Ikechukwu Onyemakara, said the Authority remains committed to ensuring the unhindered movement of cargo to and from the nation’s seaports.

According to Onyemakara, the task force has been mandated to monitor truck movement along the port access roads on a regular basis, identify disruptions capable of causing traffic gridlock and immediately resolve such issues before they escalate.

He explained that members of the team would not establish checkpoints along the corridor but would instead maintain strategic presence at designated locations to ensure compliance while avoiding further obstruction to traffic.

To facilitate swift response to emerging challenges, Onyemakara said the task force has created a dedicated WhatsApp platform through which members can instantly report traffic violations and other incidents requiring immediate intervention.

On the renewal of the Electronic Truck Call-Up (ETO) system contract, which expired recently, the NPA spokesman said the Authority is reviewing the contractual terms to ensure a stronger and more effective framework before awarding a new agreement.

He, however, clarified that the ETO platform remains operational under the management of Truck Transit Parks (TTP) pending the conclusion of the procurement process.

He expressed optimism that the renewal process would be completed soon.

Reaffirming the Authority’s commitment to maintaining free-flowing port access roads, Onyemakara noted that efficient logistics remain central to the NPA’s strategy to enhance Nigeria’s port competitiveness and sustain the country’s improving global reputation.

“We are more interested in the free flow of logistics into our ports than anyone else because it is in our own interest,” he said.

He added that the Authority was determined to consolidate the gains already recorded in port efficiency, citing recent international recognition, including positive assessments by the World Bank, as evidence of ongoing progress.

“We are determined to sustain and even surpass the improvements already recorded in our port system. You can be assured that we remain fully committed to achieving the best possible performance from our ports,” Onyemakara said.

The newly inaugurated task force comprises representatives of the NPA, the Nigeria Police Force, the National Association of Government Approved Freight Forwarders (NAGAFF), the Association of Nigerian Licensed Customs Agents (ANLCA), the Federal Road Safety Corps (FRSC), the Maritime Workers Union of Nigeria (MWUN), the Nigerian Association of Road Transport Owners (NARTO) and the Association of Maritime Truck Owners (AMATO).

 

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Maritime

Stakeholders move to avert gridlock on Lekki port corridor gridlock

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Stakeholders operating within the Lekki Deep Seaport corridor have agreed on a series of measures aimed at eliminating the persistent traffic gridlock that has crippled access roads to the port and adjoining industrial facilities for more than a year.

 

The resolution was reached at a strategic stakeholders’ meeting convened by the Nigerian Ports Authority (NPA) and chaired by the Lekki Port Manager, Emmanuel Anda.
The meeting was attended by representatives of the Lagos State Government, Lekki Port, Dangote Refinery, truck owners’ associations, the Electronic Truck Call-Up System operator, and other key industry stakeholders.

A major decision taken at the meeting was the prohibition of stationary trucks and tankers along the Lekki port corridor.

Stakeholders agreed that all trucks must remain in designated holding bays and waiting areas until they receive clearance to proceed to the port or industrial facilities.

The agreement followed an inspection tour of the Lekki port access roads by the stakeholders, who witnessed firsthand the severity of the traffic congestion. They subsequently resolved that the situation could no longer be allowed to persist.

 

Speaking at the meeting, the representative of Mycallup, the electronic truck call-up system operator for the Lekki Port corridor, Timi Koteolu, identified trucks servicing Dangote Refinery outside the electronic scheduling platform as one of the major causes of the gridlock.
According to him, many truck drivers operating with Dangote Refinery’s Authority to Collect (ATC) permits have been found parking indiscriminately along the roads while waiting to gain access to the refinery.
Koteolu disclosed that trucks servicing the refinery are currently not integrated into the port’s electronic call-up system, a development he said has contributed significantly to the traffic bottleneck.

Responding, the representative of Dangote Refinery, Jaiyeola Moshood, explained that the ATC permits serve as the approved access mechanism for tankers entering the refinery.
However, the management of the electronic truck call-up system maintained that trucks without an active call-up should not approach the port corridor and should instead remain in designated waiting areas until they are required at their respective terminals.

 

The Association of Maritime Truck Owners (AMATO) and the National Association of Road Transport Owners (NARTO) pledged their support for the initiative, promising to sensitise their members while calling for strict enforcement of traffic regulations to restore order along the corridor.
Also speaking, the Coordinator of NUPENG Dangote Refinery, Ademola Adeshina, stressed the need to decongest the port corridor and assured stakeholders that his members would comply with the established Standard Operating Procedures.

Anda commended the stakeholders for their commitment to finding a lasting solution to the traffic challenge and urged all parties to adopt a practical approach to addressing the menace.
He specifically encouraged Dangote Refinery to fully integrate with the electronic truck call-up platform, noting that such collaboration would significantly improve traffic management and reduce the indiscriminate presence of trucks on the access roads.

The Lekki Port Manager also assured participants that discussions would continue with the management of Dangote Refinery to strengthen coordination of truck movements, stressing that vehicles issued with ATC permits should only proceed when duly cleared.

Stakeholders expressed optimism that the collective measures would restore free flow of traffic, improve operational efficiency, and enhance safety along the Lekki port corridor, a critical gateway for Nigeria’s expanding maritime and industrial activities.

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