The Federal Government is considering partnership with Admiralty Maritime Services Limited to boost the use of inland and coastal waterways for the movement of cargo and passengers across Nigeria.
Permanent Secretary, Ministry of Marine and Blue Economy, Fatima Mahmood, disclosed this over the weekend in Abuja while receiving the Chief Executive Officer of Admiralty Maritime Services Limited, Rear Admiral Muhsin Abba (Rtd), during a courtesy visit.
Mahmood said the move forms part of the Federal Government’s broader plan to unlock the economic potential of Nigeria’s vast waterways and reduce the high cost of transporting goods across the country.
She explained that since assuming office about ten weeks ago, her focus has been on accelerating the shift of freight movement from roads to waterways, noting that water transportation remains significantly cheaper than both road and rail options.
According to the Permanent Secretary, increased use of inland waterways would help cut logistics expenses and ultimately reduce the prices of goods and services in the market, thereby improving the competitiveness of the Nigerian economy.
She added that the ministry is implementing policies under the leadership of the Minister of Marine and Blue Economy, Adegboyega Oyetola, in line with President Ahmed Tinubu’s vision of positioning Nigeria as a leading maritime nation.
Mahmood also noted that Nigeria has maintained piracy-free territorial waters for the past three years, describing the achievement as a major milestone for the country’s maritime sector.
However, she stressed the need for sustained collaboration with neighbouring countries and international partners to strengthen security along key shipping routes in the Gulf of Guinea.
In his remarks,Abba said the company is ready to partner with the Federal Government in advancing the blue economy agenda.
He identified operational challenges affecting major maritime gateways in Lagos, Warri, Calabar and Port Harcourt, particularly the presence of underwater wrecks and the need for dredging to improve navigation.
Abba noted that removing such obstructions would enhance navigational safety, boost vessel traffic and facilitate the efficient coastal movement of petroleum products and other cargo.
He reaffirmed the company’s commitment to supporting government efforts aimed at unlocking the full potential of Nigeria’s maritime industry.
