The Nigerian Shippers’ Council (NSC) Governing Board has promised to assist the Council’s administration in helping the Federal Government meet its goal of at least 7% economic growth by 2027–2028.
Speaking at the board’s first meeting in Lagos, Dr. Ibrahim Shema, the chairman, stated that the board would collaborate closely with management to achieve President Bola Tinubu’s goal of expanding Nigeria’s economy to a GDP of one trillion dollars by 2030.
Shema, a former Katsina State governor, pointed out that the board and management would need to put in consistent work and dedication to meet the aggressive growth and GDP goals.
The Shippers’ Council and the Ministry of Marine and Blue Economy’s commitment to supporting the President’s objective of a $1 trillion economy and 7% growth is crucial. This is a call to service for the Board, the Council, and the management. He remarked, “We have a lot of work ahead of us.
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The chairman of the board emphasized that in order for Nigeria to fully realize the potential of the blue economy sector, everyone must work together.
He claims that the Council will concentrate on important projects that are essential to advancing and maintaining the maritime industry’s potential for both domestic and global economic growth. These projects include making doing business easier, facilitating trade and commerce, boosting revenue generation, and fortifying cooperation with stakeholders in both the real economy and the maritime sector.
“There is a clear need for collective effort if the country is to move towards its full potential in the blue economy sector,” he stated, citing the presentation we got this morning.
Dr. Pius Akutah, the Council’s Executive Secretary, has earlier stated that the NSC will see real institutional and financial results from a cooperative partnership between the board and management.
The implementation of the International Cargo Tracking Note (ICTN), the actualization of the Nigeria Port Economic Regulatory Agency (NPERA) Bill, and the operationalization of the 1% Freight Stabilization Fee are among the top objectives that he listed as needing board assistance.
Akutah stated, “These initiatives are critical to strengthening regulatory clarity, improving cargo visibility, enhancing national security, and securing sustainable revenue for the Council.”
He went on to say that although the Council faces a big burden, there is also a big chance to recast the NSC as a stronger, more financially stable regulator.
He said, “Management is fully committed to supporting the Board with solid data, sound financial analysis, and organized stakeholder engagement to ensure that all initiatives are pursued in a lawful, transparent, and stakeholder-responsive manner.”
“I am sure that we will continue to safeguard shippers’ interests, encourage effective port operations, and make a significant contribution to the growth of the national economy under the direction of this Board,” Dr. Akutah continued.
