The Nation Newspaper Abbas, Oyetola seek regulatory agency for shipping
and Minister of Blue Economy, Gboyega Oyetola have stressed the need to establish a regulatory agency that will regulate the shipping industry in Nigeria.
He said the re-enactment seeks to ensure that the proposed agency establishes an economic regulatory framework for effective and efficient regulation of commercial and related activities in the shipping and port sectors and to create an enabling environment for private sector participation in the provision and operation of regulated services in Nigeria, amongst others.
“The bill lays out financial provisions, specifying guidelines for the allocation, management, and auditing of funds, which is crucial for maintaining financial integrity and providing the Council with the necessary resources to perform its duties. Represented by his Permanent Secretary, Oloruntola Olufemi, the Minister said it would be a welcome development if the bill became an act.The Chairman of the House Committee on Shipping Services, Abdulsamad Dasuki promised to provide the legislative framework that would allow the bill to become an act.
Chairman of the Association, Barr Boma Alabi said that any act that will improve efficiency, lower cost, and reduce the bottleneck that we currently face will be most welcome. “We have expressed our concern internally and externally, and this committee, which has been involved in this process, must work on some areas of concern.
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