Shonekan, who was the Chairman of the 12th Maritime Seminar for Judges, jointly organised by the Nigerian Shippers’ Council (NCS) and the National Judicial Institute (NJI) in Abuja recentlysaid the possibility of outright privatisation should be explored rather than concession, which was done on Public Private Arrangement (PPP).
Twenty six terminals in Nigerian ports have been handed over to private concessionaires under port concession arrangement.
According to the former president, the maritime industry occupied a pivotal position in the nation’s economy, adding that the economy was highly dependent on international trade, hence the need to facilitate maritime laws for the nation to become one of the largest economies by year 2020.
“For the nation to grow, we need to continue to use maritime laws as effective tools in our transformation process.”
Shonekan added that piracy and other criminal activities were part of the major challenges confronting maritime activities in Africa and other parts of the world, adding that international piracy and criminal activities deterred shipping.
Shonekan said discussions on why the cabotage law had been impeded should be a priority at the three-day seminar in Abuja.
He advised that the seminar should also be used to explore the possibility of actualising the objectives of the Nigerian Oil and Gas Content Development Act 2012.
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