The maritime industry plans to grow its contribution to the nation’s Gross Domestic Product (GDP) from N1.9 trillion to N7 trillion yearly, Executive Secretary, Nigerian Shippers’ Council (NSC), Mr Hassan Bello, has said.
The maritime industry plans to grow its contribution to the nation’s Gross Domestic Product from N1.9 trillion to N7 trillion yearly, Executive Secretary, Nigerian Shippers’ Council , Mr Hassan Bello, has said.
He said the country has vast coastline and huge natural resources that could be tapped, processed and exported via the seaports to boost the country’s foreign exchange in addition to being a regional maritime super power. “Nigeria has robust maritime endowments that can buoy the economy if well harnessed. Currently, we’re doing between N1.9 and N2 trillion contribution to the GDP but our target is N7 trillion.”
Speaking on the positive take away from the COVID-19 pandemic, Bello said: “we found out that our ports could run daily 24/7. We can and we have to operate round the clock.” Cargo dwell time he said will be reduced from 20 days to seven days when the trains and barges are fully deployed to the ports. With regard to the seaports, the NSC chief assured that the upcoming Lekki and Ibom seaports will have all the paraphernalia of modern ports.
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