Nigeria’s Port Overhaul to Create 20,000 Jobs, Boost Trade – Oyetola

Nigeria’s Minister of Marine and Blue Economy, Adegboya Oyetola, announced major reforms to upgrade the country’s port system. The plan aims to attract more cargo traffic, create over 20,000 jobs, and position Nigeria as a top shipping hub in West Africa.

The project includes deepening key ports from 12–13 meters to 16–17 meters to welcome larger vessels. Oyetola confirmed that the Federal Executive Council has approved a 48-month modernization project for Apapa and Tin-Can Island ports, with similar upgrades planned for ports in the east.

Steps to Curb Delays and Graft

The number of agencies at ports will drop from 14 to seven to cut delays. A new digital system, the National Single Window, will launch in 2025 to speed up cargo clearance. Nigeria Customs Service will also introduce scanners and a vessel tracking system to improve security and reduce congestion.

Boosting Exports and Trade

The ministry plans to expand inland dry ports in Kano, Kaduna, and Abia to ease congestion in Lagos. A new Port Community System will digitize export processes. Additionally, Nigeria is working with the U.S. to maintain shrimp exports through sustainable practices and plans to build modern fish harbors with private partners.

Regional Influence and Maritime Expansion

Oyetola announced Nigeria’s bid for a seat on the International Maritime Organization Council in 2025. He also shared plans to disburse the long-awaited $350 million Cabotage Fund to support local shipowners. The country recently secured an extra 16,300 square kilometers of maritime territory, expanding its economic zone.

Growing Regional Trade

To boost exports, Nigeria will license Export Processing Terminals to ease trade under the African Continental Free Trade Area agreement. The ministry is also partnering with MOWCA to create a Regional Maritime Development Bank to fund maritime projects and enhance trade across West and Central Africa.

These reforms aim to modernize ports, create jobs, and strengthen Nigeria’s role in global maritime trade.

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