The Federal Government is pushing forward with a new Nigeria–China Maritime Strategy that aims to unlock over $2 billion in shipping investments and put more Nigerian-owned vessels on the water.
Presented to the Minister of Marine and Blue Economy, Adegboyega Oyetola, the strategy is part of a broader plan to turn Nigeria into a regional maritime hub. The initiative is being driven by the Nigeria-China Strategic Partnership (NCSP) and Anabel Capital, the Nigerian partner of the Global Investment Advisory Community.
The deal includes $2 billion for vessel acquisition, $20 billion worth of freight contracts for Nigerian operators, $200 million for maritime training, and $50 million to purchase modern training vessels. It also aims to train 25,000 Nigerian seafarers and create over 2,000 maritime jobs each year.
Minister Oyetola called the plan a “game changer” and said it aligns with the Ministry’s goal of building local capacity and encouraging Nigerian ownership in the shipping space. He also stressed the need for strong partnerships between government and the private sector to make it work.
