Nigeria to Spend N939.5 Billion On Vessels By 2023

30 January 2019

Nigeria's maritime sector is projected to spend about N939.5 billion ($2.588 billion) on vessels financing in the next four years, going by the new forecast released by the Nigerian Maritime Administration and Safety Agency (NIMASA).

This comes amid the under-exploitation of the sector's potential, with stakeholders calling for urgent multi-sectoral intervention to aid financing and infrastructure development of the industry.

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