No better time to invest in Nigeria's maritime industry - CNBC Africa

No better time to invest in Nigeria's maritime industry

Western Africa

by CNBC Africa Reporter 0

No better time to invest in Nigeria's maritime industry. Photo: Nigerian Embassy.

Nigeria has never been in a better position to build its maritime industry, says Dakuku Peterside, Director General of the Nigerian Maritime Administration and Safety Agency.

The director general was talking about the investment opportunities available in Nigeria's maritime sector in light of the Ministry of Transportation’s two-day stakeholders' conference on maritime.

"There are a lot of opportunities in the maritime sector, in the area of infrastructure, manpower and assets acquisition - what we are trying to achieve in the conference is to put those things in place that will make the sector attractive for investors and for investors to optimise benefits in the industry,” said Peterside.

He believes that by the end of the conference, investors will better understand the available opportunities and see the commitment they have in transforming a sector that holds so much potential.

Besides an increased automation of information and a commitment to securing the maritime domain, Peterside also says the process of registering a vessel decreased from six-months to a minimum of four-weeks.

"It would be unfair to say no changes have been recorded, things have been interchanged in the last three or four months - nobody expects change to happen overnight, this is part of the process of change,” he said.

“Government alone cannot drive infrastructure growth in the maritime sector, which is why we are opening our doors for stakeholders to engage with us so that we know what challenges they encounter.”

He adds: “Nigeria has never been in a better position to leverage on than we are currently at, the time when we have a challenge with oil and gas industry - we are providing the right environment for investors to come and invest.”

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