Last updateMon, 07 Jul 2014 9am

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FRESH details about the recently released level of non-compliance with the International Ships and Ports Facility Security (ISPS) Code in Nigeria have emerged. The list of non-compliance facilities was obtained exclusively by National Daily and it shows that several oil jetties and facilities were also not safe.

THE Minister of Trade and Investment, Olusegun Aganga, has defended the newly introduced national automotive policy of the Federal Government.
Speaking in London at a seminar on “Business in Nigeria” organized by the Financial Times and the Nigeria Customs Service

WITH a view to growing the economy, the Minister of Information Mr Labaran Maku, has disclosed in Onne, Rivers State that the Federal Government through the Nigerian Ports Authority (NPA) has commenced moves to develop three deep sea ports across the country which is believed to further open the country’s waterways to international trade.

Stating this during a working visit to the Federal Ocean Terminal currently being operated by Intels where he inspected the ongoing port extension work, the minister explained disclosed that the firm will hand over the facility to NPA after twenty years, so as to allow for enough time for the investor to recoup its investment. He said the new strategy by government to partner the private sector was paying off as the construction work has remained consistent unlike when government contractors are made to handle these kinds of jobs.

•Stakeholders, International community blame FG

AS wont to happen in every other sector of the economy, this is not the best of times for the nation's maritime industry. From the nagging issue of piracy along the country's coastline to harsh business operating environment, it is clear from available findings that the country's maritime industry is still firmly on the decline.

Recently, Consul-General, United States Embassy in Nigeria, Mr. Jeffrey Hawkins expressed concerns about the 'worsening piracy situation in Nigeria,' urging the Federal Government to improve institutional collaboration and increase political will to check the menace.

AS part of its commitment to the development of the Nigerian maritime industry, Skye Bank Plc has granted credit facilities which amount to $500 million to operators in the industry in recent times.

The amount represents money provided to indigenous ship owners and other stakeholders for the acquisition of ships and other critical work tools to enable them play very active roles in the industry. 

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