‘Investment in ports will reposition maritime sector’

, yesterday, said government’s huge investment in the maritime sector is aimed at repositioning the country as a leading nation in the marine business.

“We recognise the critical role that efficient port operations play in accelerating economic growth and will do all that is required to update the existing facilities to deliver on this. By acquiring these modern marine crafts, we are reaffirming our commitment to maximise the opportunities presented by the African Continental Free Trade Area Agreement.

He said the NPA has deployed a three-pronged strategy driven by people- technology, infrastructure and equipment such as the state-of-the-art vessels that were commissioned yesterday.He noted that the acquisition of the marine craft is part of the fulfillment of NPA’s deliverables under the Presidential/Ministerial Performance Bond to optimise Nigeria’s marine and blue economy by providing relevant marine technology and equipment.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business leaders, policy makers to explore investment opportunities at EU-Nigeria summitThe Nation Newspaper Business leaders, policy makers to explore investment opportunities at EU-Nigeria summit
Source: TheNationNews - 🏆 6. / 69 Read more »

Stakeholders mull charity investment among corporate entitiesThe Nation Newspaper Stakeholders mull charity investment among corporate entities
Source: TheNationNews - 🏆 6. / 69 Read more »

Series 1 of FCMB-TLG private debt fund set to open for investmentThe Nation Newspaper Series 1 of FCMB-TLG private debt fund set to open for investment
Source: TheNationNews - 🏆 6. / 69 Read more »

How AIG’s $2b investment is driving Nigeria’s socio-economic growthThe Nation Newspaper How AIG's $2b investment is driving Nigeria's socio-economic growth
Source: TheNationNews - 🏆 6. / 69 Read more »

Audience measurement system to attract huge investment into mediaThe Nation Newspaper Audience measurement system to attract huge investment into media - Idris
Source: TheNationNews - 🏆 6. / 69 Read more »

FG tasks youths to tap into Youth Investment FundThe Nation Newspaper FG tasks youths to tap into Youth Investment Fund
Source: TheNationNews - 🏆 6. / 69 Read more »