Business

Amaechi Reveals Plans To Float New National Shipping Line

The Minister of Transport, Mr Chibuike Amaechi, has restated the Federal Government’s plan to float a new national shipping line.

The Minister, who spoke at a Maritime Technical Summit in Lagos, explained that the new national carrier of ocean-going vessels will not be funded via the cabotage vessel financing fund.

Mr Ameachi says he would be holding a meeting next week with some experts in maritime industry and ship owners to arrive at decisions on establishing the national carrier.

Nigeria’s national carrier called the ”NNSL” established in the late 1970’s was ran aground.

In its place was a successor called the ”National Unity Line”, which also lasted only a few years and had since collapsed.

oluchi

Disqus Comments Loading...

Recent Posts

Okpebholo Nominates Non-Edo Indigene Martin Oli As Commissioner

Oli, who hails from Aninri Local Government Area of Enugu State, is a businessman and…

9 mins ago

Police Foil Cattle Rustling, Recover 20 Cows In Katsina

The police said they have launched a manhunt to apprehend the fleeing suspects.

19 mins ago

Uzodimma Lauds Tinubu, National Assembly Over State Police Bill

Uzodimma noted that decentralising policing would empower states to complement federal security agencies while enhancing…

23 mins ago

NDLEA, Group Sensitise Imo Students On Dangers Of Drug Abuse

They warned that drug abuse poses serious health, social, and economic consequences for individuals, families,…

40 mins ago

Two Die In Owerri Explosion As Police Begin Probe

The Commissioner of Police in the state, Audu Garba Bosso, reassured residents that there was…

41 mins ago

Ondo Varsity Gets New Vice Chancellor

The state government said that Obamuyi’s wealth of experience would consolidate the gains recorded by…

1 hour ago