Ministry of Transportation to Acquire National Carrier for Shipping

The Minister for Transportation, Rotimi Amaechi has announced that the ministry is concluding plans to acquire a national carrier for shipping.

Amaechi said a vessel would soon be named as the national carrier to afford cadets sea time knowledge in their chosen fields.

He also called for a performance audit of the maritime sector, saying the audit would appraise the individual contribution of processes to the sector; unveil what is wrong in the system and reveal all other inputs into the sector.
He added that if there is a need to consult auditors from the private sector that would be done.

He said: “How is it that nobody recognises the contribution of the maritime sector, what is wrong? Something is wrong.”

He subsequently disclosed that he would not disburse the Cabotage Vessel Financing Fund (CVFF that is a revolving fund set up to assist indigenous ship owners in the acquisition of vessels.

Amaechi stated these at the recent Maritime Technical Summit organised by the Association of Marine Engineers and Surveyors (AMES) in Lagos.

The summit themed: “The Challenges of the Maritime Transport Industry in Nigeria,” addressed the need for a holistic review of the Nigerian maritime human capacity development.

The President of the AMES, Charles Uwadia, in his welcome address, said the present failure in the maritime sector is due to the lack of in-depth technical input in maritime polices and their implementation in line with international best practices and realities.

Uwadia said: “The decline in standard, quality and profitability of the ships of Nigerian flag can be traced to their poor technical standards occasioned by the owner’s reluctance to comply with national and international standards and regulations.”

He stressed that it is in consideration of these challenges that the association has risen to move the strategic maritime industry forward.