Watch: Sea Transport CEO talks indigenous participation in Nigeria’s shipping trade

In this edition of ‘CEOs Talk Business,’ the Chairman/CEO of Sea Transport Group, Alh. Aminu Umar, a former President of the Nigerian Indigenous Ship-owners Association (NISA) talks on the gains of having indigenous players partake in the commercial shipping business in Nigeria.

He draws attention to the fact that there is need for increased number of indigenous ship-owners in the cabotage trade where some Nigerians have been operating in the upstream sector of the Oil and Gas Industry. “It has to be more than the present 40 per cent participation,” he says.

On a more cherry news, Umar commends the proposed opportunity created by the Nigerian National Petroleum Corporation (NNPC) for the indigenous shipowners to participate in the international shipping trade.

He looks at the big picture of how the new chapter would save the nation of capital flight and create thousands of new jobs for the teaming youths. But, purposeful policies to support ‘local content’ must be enacted and put to work immediately.

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