BusinessEconomyNews

Nigeria Customs Chief Pushes for Homegrown Vessel Construction to Boost Economy

The Comptroller General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has emphasized the need for Nigeria to focus on local vessel construction to boost international trade and the maritime industry.

He made this call at the Annual Finance Conference organized by the Association of Maritime Journalists of Nigeria (AMJON) in conjunction with the NLNG Shipping and Marine Services Limited (NSML) in Lagos.

Represented by Comptroller Dera Nnadi, Customs Area Controller (CAC) of Tin Can Island Customs Command, Adeniyi stressed that vessel construction requires necessary support in the country.

He highlighted the importance of vessels in effective and efficient international trade, noting that the Customs Service introduced barge operations to ease cargo movement, which has become a significant investment in the maritime industry.

Adeniyi encouraged the construction of smaller and local vessels, especially with the President’s support for homegrown technology.

He emphasized that Nigeria should look inward, particularly during times of scarce resources, and appreciate locally constructed vessels.

He urged the industry to start with smaller vessels, describing them as “lower hanging fruits,” rather than waiting to build bigger vessels.

The Customs CGC’s call for local vessel construction is a strategic move to enhance Nigeria’s maritime industry and international trade.

By supporting local vessel construction, Nigeria can reduce its dependence on foreign vessels, create jobs, and stimulate economic growth.

The move also aligns with the President’s initiative to promote homegrown technology and look inward for solutions.

The maritime industry is a critical sector in Nigeria’s economy, and the construction of local vessels can play a significant role in its development.

With the Customs Service’s support, Nigeria can tap into the vast opportunities in the maritime industry, increase its competitiveness, and become a major player in international trade.

The Comptroller General’s call for local vessel construction is seen as a timely and strategic move to create a vibrant and competitive maritime sector and boost Nigeria’s maritime industry and international trade

Comment here