Nigerian Ports Authority (NPA) has assured investors that Nigeria has the capacity to dominate Africa’s blue economy due to its vast marine resources. It noted that the ongoing Federal Government reforms and increased private sector participation has become critical drivers of transformation in the maritime sector.
The Managing Director of the authority (NPA), Dr Abubakar Dantsoho, explained that Nigeria’s strategic location, large population and economic strength position it to become a maritime hub for West Africa, comparable to global leaders such as Singapore and Morocco.
He attributed the transformation of the nation’s maritime sector to the impact of the Minister of Marine and Blue Economy, Dr Adegboyega Oyetola and the Federal Government reforms.
Dantsoho gave the assurance while speaking at the Blue Economy Investment Summit in Abuja, where he stressed that Nigeria’s port system would play a pivotal role in unlocking strategic investments and accelerating economic growth.
