Nigeria Maritime Online

The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, reaffirmed the Federal Government’s steadfast commitment to strengthening Nigeria’s indigenous shipping industry by deploying supportive policies, funding mechanisms, and infrastructure to make local shipowners globally competitive; this commitment was expressed while receiving the NIMAREX 2025 planning committee, which has revived the maritime exhibition to attract investment, foster public–private collaboration, and position Nigeria as a leading maritime hub in Africa.

Key Points

• The Federal Government, through the Ministry of Marine and Blue Economy, is committed to sustained funding and policy support for indigenous shipping.
• Minister Oyetola emphasized there is “no going back” on efforts to reposition Nigerian shipowners for international competitiveness.
• The government aims to establish policies, funding mechanisms, and infrastructure that enable local vessels to operate sustainably both domestically and internationally.
• Revived NIMAREX 2025 (November 17–19, Lagos) is seen as a crucial platform for investment attraction, knowledge exchange, and stakeholder collaboration.
• The NIMAREX delegation, led by NISA President Sola Adewunmi, seeks Ministry support to align the event with national maritime objectives.
• Organizers claim NIMAREX’s revival complements government efforts to draw foreign direct investment into the maritime and blue economy sectors.
• Stakeholders, including NISA, SOAN, and the Nigerian Chamber of Shipping, back the event as a unifying forum to discuss sustainable growth strategies.
• The administration intends to boost job creation, retain economic value locally, and see Nigerian-owned vessels flying the national flag.
• Organizers and the minister credited President Bola Tinubu’s establishment of the Ministry of Marine and Blue Economy for renewed investor confidence.