The Federal Government, through the Ministry of Marine and Blue Economy, has unveiled a Nigeria–China Maritime Strategy aimed at unlocking over $2 billion in shipping investments and transforming the nation into a regional maritime powerhouse.
The initiative was formally presented to the Minister of Marine and Blue Economy, Adegboyega Oyetola, at the Ministry’s headquarters in Abuja.
Developed through a strategic collaboration between the Nigeria-China Strategic Partnership (NCSP) and the Global Investment Advisory Community (GIAC) via its Nigerian operator, Anabel Capital, the strategy is designed to boost indigenous vessel ownership and enhance local capacity in the maritime sector.
According to the economic blueprint, the initiative will:
- Deliver $2 billion in vessel investments
- Generate $20 billion in freight contracts for Nigerian shipping operators
- Provide $200 million for maritime training
- Allocate $50 million for the acquisition of modern training vessels
The strategy also plans to link Nigerian-owned shipping firms with Chinese shipyards, charter companies, and investment banks, while strengthening maritime training institutions to build a globally competitive workforce.
Minister Oyetola praised the initiative, stating that it aligns with the Federal Government’s commitment to harnessing the potential of the blue economy as a major driver of national development.
