Due to challenges obstructing its maritime sector, Nigeria is missing on the ship ranking index.
Ministry of Transport and its agency, the Nigerian Maritime Administration and Safety Agency (NIMASA) have failed to expend the Cabbotage Vessels Financing fund to aid indigenous shipping development, it was gathered, were obvious reasons the giant of Africa was missing on the ranking index.
Numerous indigenous shipping companies have collapsed due to low patronage, and failure of the cabotage shipping regime, among other nightmares.
Despite being an oil producing nation, Nigeria is yet to acquire its own national fleet.
