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Nigerian Seafarers Highlight $100bn Annual Potential In Maritime Industry - Investment - Nairaland

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Nigerian Seafarers Highlight $100bn Annual Potential In Maritime Industry by edudaniel(m): 3:11pm On Jun 29, 2023
By Daniel Edu

Seafarers have emphasized that the Nigerian maritime industry has the capacity to generate $100 billion annually if effectively harnessed. This statement was made during the commemoration of the 2023 World Seafarers Day, organized by the Joint Body of Nigerian Seafarers' Professional Groups.

Captain Alfred Oniye, the Secretary-General of the Merchant Seafarers Association of Nigeria, highlighted the significance of implementing the Cabotage Act, stating that it could propel the maritime industry to generate a minimum of $50 billion each year. He stressed the need to tap into the potential opportunities in the industry, as well as the establishment of a coast guard, which would greatly benefit Nigeria.

Furthermore, Oniye expressed concern over the high unemployment rate among Nigerian seafarers, with 80% of them currently jobless and a significant portion not engaged in maritime activities. To enhance their competitiveness on a global scale, he advocated for additional professional training and the creation of job opportunities. He also suggested that the government should implement a policy requiring that 80% of the crew on ships flying the Nigerian flag be Nigerian seafarers, with the remaining 20% being foreign nationals.

Captain William Ogunshakin, Chairman of the organizing committee for the event, highlighted the dominance of foreign-owned vessels in Nigerian waters. He noted that a substantial amount of money paid for their services ends up in foreign countries, resulting in limited economic benefits for Nigeria. Ogunshakin further lamented the decline in job prospects for seafaring students, underscoring the need to address the demoralization among young maritime professionals.

The event aimed to create avenues for uplifting the morale of seafarers and fostering their happiness, including the establishment of a football team and other initiatives.

Read More: https://daybreak.ng/sterling-bank-and-smedan-join-forces-to-establish-nigerias-largest-sme-database/

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