The federal government has expressed its determination to promote and increase indigenous participation in the shipping business in Nigeria. The Minister of Budget and National Planning, Senator Udoma Udo Udoma, said this while speaking with the Nigerian Fleet Implementation Committee in Abuja, recently.

The minister who gave the indication while receiving the Committee members in his office, said government would provide necessary support to enable the committee carry out its mandate. This was because increased indigenous participation in the maritime business would help in realising the country’s diversification drive, a major thrust of Nigeria’s Economic Recovery and Growth Plan (ERGP).

Specifically, a statement quoted the minister to have assured that apart from the fiscal incentives requested from government, the Ministry of Budget and National Planning was willing to provide any other necessary support to enable the committee succeed in its efforts to reposition the indigenous maritime sector and make it globally competitive.

The Fleet Implementation Committee was set up by the federal government primarily to encourage and promote private sector participation in the maritime business and by so doing help in the diversification of the economy.

Source: THIS DAY