The Federal Government, through the Ministry of Marine and Blue Economy, is advancing a Nigeria–China Maritime Strategy aimed at unlocking over $2 billion in shipping investment.
The initiative, which will accelerate indigenous vessel ownership and position the country as a regional maritime hub, has been formally presented to the Minister of Marine and Blue Economy, Adegboyega Oyetola, at the Ministry’s headquarters in Abuja.
The $2 billion investment deal is the result of a strategic collaboration between the Nigeria-China Strategic Partnership (NCSP) and the Global Investment Advisory Community (GIAC), through its Nigerian operator, Anabel Capital.
The strategy is designed to catalyse local participation in the maritime industry by capitalising Nigerian-owned shipping companies and linking them with Chinese shipyards, charter firms, and investment banks.
It also outlines substantial investment in vessel acquisition, maritime training institutions, and the procurement of modern training vessels.
According to the economic blueprint, the initiative will deliver $2 billion in vessel investments, $20 billion in freight contracts for Nigerian operators, $200 million for maritime training, and $50 million for training vessels.
