The federal government, through the minister of Marine and Blue Economy, Adegboyega Oyetola, on Tuesday, said the ministry’s decision to consider the re-establishment of a National Shipping Line would be through a strategic Public Private Partnership (PPP), arrangement, as Nigerian government desire to capture a substantial share of the estimated $10billion annual ship charter market within the country.
Speaking at the ministry’s first Stakeholders’ Roundtable Engagement on Advancing Sustainable Development in Nigeria’s Marine and Blue Economy sector, held in Lagos, Oyetola said the decision to create a national shipping line through PPP was borne out of our desire to capture a substantial share of the estimated $10billion annual ship charter market within the country.
