{"id":114377,"date":"2021-11-30T19:29:42","date_gmt":"2021-11-30T18:29:42","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=114377"},"modified":"2021-11-30T19:29:42","modified_gmt":"2021-11-30T18:29:42","slug":"amaechi-to-foreign-investors-invest-in-nigerias-maritime-sector","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/11\/30\/amaechi-to-foreign-investors-invest-in-nigerias-maritime-sector\/","title":{"rendered":"Amaechi to foreign investors: Invest in Nigeria’s Maritime sector"},"content":{"rendered":"

Rotimi Amaechi, the Minister of Transportation has asked foreign investors to invest in\u00a0Nigeria\u2019s maritime industry.<\/p>\n

This was contained in a statement released on Tuesday by the Director of Press and Public Relations to the transportation minister, Mr Eric Ojiekwe.<\/p>\n

Amaeachi listed seven areas which investment opportunities were currently opened for investors to venture into.<\/p>\n

He said this in his paper presentation, \u201d Investment Opportunities in the Nigeria\u201ds Maritime Sector\u201dat the 2021 Greek-Nigeria Chamber of Commerce and<\/div>\n
Technology<\/a> Investment Summit in Athens, Greece.<\/div>\n
<\/div>\n
He listed the arrears for inventment to include, Automation and Artificial Intelligence, Maritime Freight and Logistics Services, Marine Tourism, Maritime Training, Ship Financing, Ship Building & Ship Repairs and Marine Insurance.<\/div>\n
<\/div>\n
\u201cNigeria\u2019s maritime sector\u2019s competitiveness against global and continental contemporaries is relatively low. Therefore, the maritime industry in Nigeria is a fertile ground for any investor to venture into.<\/div>\n
<\/div>\n
\u201cYou may wish to know that investment windows are open in the Nigerian maritime industry. These investment opportunities include the Automation and Artificial Intelligence in the Maritime Industry.<\/div>\n
<\/div>\n
\u201cMaritime Freight & Logistics Services, Marine Tourism, Maritime Training, Ship Financing, Ship Building & Ship Repairs and Marine Insurance.<\/div>\n
<\/div>\n
\u201cNigeria\u2019s oceans, seas, rivers, lakes and creeks represent major assets that will accelerate the nation\u2019s economic development. With these resources Nigeria is an investment destination and as the most populated black nation.<\/div>\n
<\/div>\n
\u201cNigeria is also using this avenue to call on foreign investors into the country.<\/div>\n
<\/div>\n
\u201cNigeria\u2019s tourism potential is huge and capable of contributing to the GDP, \u201d he said.<\/div>\n
<\/div>\n
According to the minister,\u00a0 Nigeria has made policies that has positively impacted on the nation,\u00a0 one of which is the ongoing efforts to establish the Regional Maritime Development Bank with Headquarters in Abuja.<\/div>\n
<\/div>\n
He however, said that the Maritime Industry was open to investors that would train different professionals in the above mentioned aspects of maritime services.<\/div>\n
<\/div>\n
Amaechi noted that institutions of learning and consultancy firms were also welcomed.<\/div>\n
<\/div>\n
\u201cNigeria\u2019s Maritime Industry forecast states that government intervention in the sector is essential to source funding required to unlock the acquisition of these Maritime assets.<\/div>\n
<\/div>\n
\u201cHowever, prospective investors are invited to provide affordable financing models for ship owners and vessels operators.<\/div>\n
<\/div>\n
\u201d Financing remains critical for the enhancement as well as the promotion of shipping business growth and creation of corporate value, \u201che noted.<\/div>\n
<\/div>\n
According to Amaechi, Dry Docking remains a critical area of investment with over 3,500 vessels operating in Nigerian waters and largely the dry-docked outside the shores.<\/div>\n
<\/div>\n
He said: \u201dNigeria has quite a few ship yards in operation but the capacity remains at an all-time low. Ship building and ship repair yards in Nigeria is a subsector that is still underdeveloped.<\/div>\n
<\/div>\n
\u201cTherefore, there are huge investment opportunities in building of vessels<\/div>\n
to meet national and Cabotage requirement such as Barges, Tugboats, Crew Boat,<\/div>\n
Fishing Vessels, Merchant Ships and Tankers.<\/div>\n
<\/div>\n
\u201c House Boat, Offshore Support Vessels,<\/div>\n
Crew\/Supply Vessel, Self-Propelled Barge, Supply Vessel, Patrol Boat, Dredgers,<\/div>\n
Multipurpose Vessel, A.H. TUG, Jack up Barge, Muster Barge, Floating vessel, Lift<\/div>\n
Boat and Patrol Vessel are not left out.<\/div>\n
<\/div>\n
\u201c In view of the foregoing, the government of Nigeria is ready to strengthen and give support to investors that will further develop and grow the industry.<\/div>\n
<\/div>\n
\u201cBecause it is a core industry that can be of great assistance to the development of the Economy.<\/div>\n
<\/div>\n
\u201cMay I use this opportunity to call on investors to partner with us as we are poised to have a good working relationship with anyone that is ready to have a legal business in Nigeria,\u201d Amaechi added.<\/div>\n
<\/div>\n
(NAN)<\/div>\n","protected":false},"excerpt":{"rendered":"

Rotimi Amaechi, the Minister of Transportation has asked foreign investors to invest in\u00a0Nigeria\u2019s maritime industry. This was contained in a statement released on Tuesday by the Director of Press and Public Relations to the transportation minister, Mr Eric Ojiekwe. Amaeachi listed seven areas which investment opportunities were currently opened for investors to venture into. He […]<\/p>\n","protected":false},"author":17,"featured_media":8799,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[12606,23801,23800,2125],"class_list":["post-114377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-foreign-investors","tag-greece","tag-nigeria-maritime-industry","tag-rotimi-amaechi"],"yoast_head":"\nAmaechi to foreign investors: Invest in Nigeria's Maritime sector<\/title>\n<meta name=\"description\" content=\"Rotimi Amaechi, the Minister of Transportation has asked foreign investors to invest in\u00a0Nigeria\u2019s maritime industry\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/11\/30\/amaechi-to-foreign-investors-invest-in-nigerias-maritime-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amaechi to foreign investors: Invest in Nigeria's Maritime sector\" \/>\n<meta property=\"og:description\" content=\"Rotimi Amaechi, the Minister of Transportation has asked foreign investors to invest in\u00a0Nigeria\u2019s maritime industry. 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