Government to encourage PPP in maritime

The president Muhammadu Buhari administration has promised to implement policies that will encourage Public, Private sector participation and investments towards diversification and growth of the nation’s economy.
Disclosing this in Lagos, the minister of Transportation, Rt Hon Chibuike Amaechi said the maritime sector globally is largely private sector driven with governments providing the appropriate policy and regulatory framework to improve investments and safeguard the nation’s waterways.
The minister said in Nigeria, the potentials in the maritime sector remains largely untapped.
He noted that this sector’s contribution to the nations GDP is appreciable.
According to him, “government will streamline all the agencies in the maritime sector for a more effective and efficient performance to meet the expectations of all stakeholders, example is attempt to improve the clearance of good at the reports within 48 hours time period.
The minister stated that the Buhari administration is determined to fully exploit the potentials in the transportation sector.
“As a first step, the government will pursue the enactment of legislation that will open up the sector to new investments that will lead to economic prosperity. Among the bills that is ready for legislative action is the National Transport Commission Bill – an act to provide for the establishment of a National Transport Commission as an independent multi-modal economic regulator and other related matters. This bill among others have been approved by the Federal Executive Council in March 2014, Amaechi stated.

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