Business News

INVESTMENT OPPORTUNITIES IN THE MARITIME INDUSTRY

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has said that Nigerians will be able to lift crude oil for export immediately the national fleet comes into operation.

Dakuku, who was speaking at the Nor Shipping Conference and Exhibition in Oslo, Norway, recently, said it would also end the capital flight associated with the present arrangement where Nigeria sells its oil on free on board basis to customers.

According to him, this new development will lead to job creation. He said that Nigeria remains an investment friendly environment with comprehensive maritime security, a robust financial sector and six port complexes and numerous terminals.

“The country accounts for 70 per cent of seaborne trade into west and central Africa and is endowed with a skilled workforce and the world’s ninth largest hydrocarbon deposits, “he said.

 

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