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NIMASA: Maritime sector can generate $1.6 trillion annually if properly harnessed NIMASA: Maritime sector can generate $1.6 trillion annually if properly harnessed
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NIMASA: Maritime sector can generate $1.6 trillion annually if properly harnessed

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The maritime sector has the capacity to generate more than 1.6 trillion dollars annually if properly harnessed, Mr Bashir Jamoh, Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), has said. Jamoh stated this on Wedneday while delivering a lecture on Maritime Security and National Development in Nigeria at the National Defence College, Abuja. “The maritime sector can generate not less than 1.6trillion dollars if we can properly harness all the investment opportunities and have foreign investors come and assist in the development. “Development in the shipping sector requires good planning. This is the right time we have to start planning. “With the estimated revenue per annum in the maritime sector, it can provide 30 times what the oil industry can provide. “That ...