{
  "id": 425782,
  "title": "SCAN Summit to Tackle Financing, Regulatory Bottlenecks for Indigenous Shipowners",
  "url": "https://urgent.news/2026/08/10/scan-summit-to-tackle-financing-regulatory-bottlenecks-for-indigenous",
  "topic": "world",
  "section": "World",
  "published": "2026-08-10T01:23:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/08/10/scan-summit-to-tackle-financing-regulatory-bottlenecks-for-indigenous-shipowners/"
  },
  "original_language": "en",
  "account": "The Shipping Correspondents Association of Nigeria (SCAN) has commenced preparations for its 2026 Summit, set to tackle the financing and regulatory impediments faced by indigenous shipowners in Nigeria's maritime industry. Scheduled for October 29th, 2026, at the esteemed Rockview Hotels in Apapa, Lagos, the summit will bear the theme \"Low-Risk Capital for Indigenous Shipowners: Overcoming Regulatory, Financial Bottlenecks.\" This event aims to identify practical solutions to secure adequate funding and foster an environment that encourages Nigerian-owned vessels to engage more extensively in domestic and international waters.\n\nAccording to SCAN President Moses Ebosele, Nigeria possesses significant maritime potential, yet foreign entities have maintained their dominance, controlling over 95% of the transportation of Nigerian imports, exports, and related freight revenues. In contrast, local participation remains alarmingly low, with indigenous ship owners commanding only 4% to 5% of the market. Ebosele attributes this disparity to substantial funding gaps, elevated interest rates, and regulatory obstacles encountered by local fleet operators. The 2026 SCAN Summit is anticipated to convene prominent decision-makers and regulatory authorities to address these critical issues.",
  "summary": "The Shipping Correspondents Association of Nigeria (SCAN) has begun arrangements for its forthcoming 2026 Summit to address the persistent financial challenges and regulatory hurdles confronting indigenous shipowners in Nigeria’s maritime",
  "key_points": [
    "SCAN Summit begins October 29, 2026, in Lagos",
    "Focus on financing, regulatory challenges for Nigerian shipowners",
    "Aim to boost local maritime industry participation"
  ],
  "editors_take": "The upcoming SCAN Summit aims to level the playing field for Nigerian shipowners by tackling financing and regulatory hurdles that currently keep them at a significant disadvantage to foreign entities.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}