The Speaker of the House of Representatives, Rep. Tajudeen Abbas, and the Minister of Blue Economy, Mr. Gboyega Oyetola, have pushed for the establishment of a shipping regulatory agency in the country.
Barr Boma Alabi , Chairman, Shipping Line Association of Nigeria, said that any act that will improve efficiency, lower cost, and reduce the bottleneck that we currently face will be most welcome. “We have expressed our concern internally and externally, and this committee, which has been involved in this process, must work on some areas of concern.
He added that it was also aimed at creating an enabling environment for private sector participation in the provision and operation of regulated services in Nigeria, amongst others. “The bill lays out financial provisions, specifying guidelines for the allocation, management, and auditing of funds, which is crucial for maintaining financial integrity and providing the Council with the necessary resources to perform its duties.