SCAN summit targets financing crisis in Nigerian shipping
Indigenous Shipowners are set to convene maritime stakeholders to tackle the financing and regulatory constraints limiting indigenous participation in the nation’s shipping industry. The summit which is being organized by the Shipping Correspondent of Nigeria (SCAN) is scheduled for October 29 at Rockview Hotels, Apapa, Lagos and is themed “Low-Risk Capital for Indigenous Shipowners: Overcoming…
The Shipping Correspondent of Nigeria (SCAN) is organizing a summit on October 29 to address the financing and regulatory constraints limiting indigenous participation in Nigeria's shipping industry. The summit, themed "Low-Risk Capital for Indigenous Shipowners: Overcoming Regulatory, Financial Bottlenecks," aims to bring together policymakers, regulators, lenders, shipowners, and maritime experts to develop practical measures for unlocking affordable capital and creating a more supportive regulatory environment for indigenous operators.
With foreign operators controlling over 95% of the carriage of Nigeria's imports and exports, SCAN President Moses Ebosele highlighted funding gaps, high interest rates, and regulatory bottlenecks as the primary reasons for the low local participation in the market, which currently stands at only 4-5%. The summit is expected to examine financing models and policy interventions capable of strengthening Nigeria's national fleet, with renowned maritime lawyer Dr. Olisa Agbakoba delivering the keynote address and former NIMASA Director-General Dr. Temisan Omatseye chairing the event.
Brief written by urgent.news from Daily Trust's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
