Nigeria can generate $40bn annually from maritime sector – NIMENA boss

27.01.2025 23:29

The Punch

The Chairman of the Nigerian Institution of Marine Engineers and Naval Architects, Eferebo Sylvanus, has said that Nigeria’s maritime sector has the potential to generate over $40 billion annually if properly regulated and supported by robust research and development initiatives. Sylvanus said the sector is currently underperforming due to poor regulatory standards and weak enforcement