FG Sets up Committee to Screen Shipping Operators who want a stake in the National Fleet

The Nigerian Federal Government sets up a committee to screen Nigerian shipping operators interested in getting 60% stake in the national fleet. Foreign investors will own 40% of the fleet.

Engr. Greg Ogbeifun, Chairman of the Ship Owners Association of Nigeria, says the committee has begun work and he expressed optimism in the success of this project.

He said this at the Taiwo Afolabi annual maritime conference hosted by the Maritime Forum of the University of Lagos

The national fleet is a result of an agreement by the Nigerian delegation led by Hassan Bello, Executive Secretary of the Nigerian Shippers Council, and representatives of Pacific International Lines “to establish a private sector driven National Carrier with stake-holding of 60 to 40 percent respectively,” Vanguard reports.

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