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Nigeria Maritime Stakeholders Push Bold Reform Drive

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Nigeria maritime reform drive gains momentum as stakeholders call for efficiency, stronger logistics systems and blue economy investment to boost trade

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Maritime experts, policymakers and industry stakeholders on Wednesday in Enugu renewed calls for a stronger Nigeria maritime reform drive, urging improved port efficiency, streamlined logistics systems and increased investment in the blue economy to reduce business costs and expand export capacity.

Also read: Nigeria Promotes Strong Sustainable Blue Economy Growth Plan

The discussions formed part of the 3rd International Conference organised by the Institute of Maritime Studies, University of Nigeria, Enugu Campus, themed “From Global Maritime Regulations to Tangible Actions: Driving Sustainable Operations in the African Maritime Sector.”

The gathering brought together academics, regulators, development partners and private sector actors to examine how maritime policies can be translated into measurable economic gains, particularly for Nigeria and other emerging markets.

Stakeholders warned that inefficiencies within Nigeria’s maritime and logistics systems continue to impose significant costs on businesses, weakening competitiveness in manufacturing, agriculture and export-driven sectors.

Speaking at the event, the Managing Director of the South East Development Commission, Mark Okoye II, said logistics costs in Nigeria can account for up to 40 per cent of the final price of goods, significantly eroding productivity and market competitiveness.

He noted that port dwell times remain far above global standards, creating delays that disrupt supply chains and increase operational costs across multiple sectors.

Okoye stressed that improving connectivity between production hubs and export routes would deliver broader economic benefits than focusing solely on port infrastructure.

He also highlighted the agricultural sector’s limited export contribution despite its employment strength, attributing this gap to weak logistics systems and infrastructure deficiencies.

According to him, post-harvest losses of up to 50 per cent in some value chains reflect structural inefficiencies that require urgent investment in cold storage and transport networks.

Participants further noted that Nigeria’s blue economy, valued globally in the trillions of dollars, remains underdeveloped despite its potential in fisheries, inland waterways and marine-linked industries.

They argued that better utilisation of these resources could reduce reliance on imports, improve food security and create new employment opportunities.

Academic leaders at the conference also emphasised the need to translate maritime regulations into practical outcomes, warning that policy frameworks alone are insufficient without effective implementation.

The Vice-Chancellor of the University of Nigeria, Nsukka, called for stronger alignment between global standards and local realities, urging stakeholders to prioritise enforcement, innovation and environmental compliance.

Director of the Institute, Professor Florence Orabueze, described the conference as a bridge between theory and practice, stressing that sustainable maritime development depends on collaboration between academia, government and industry.

She noted that the institute has expanded its academic offerings across maritime law, logistics, engineering and blue economy studies to produce graduates equipped for real-world sector challenges.

Also read: Nigeria Leads Regional Fight Against Illegal Fishing

Participants collectively agreed that coordinated reforms, investment in infrastructure and stronger policy execution are essential to unlocking Nigeria’s maritime potential and driving long-term economic growth.

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ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026

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New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.

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Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.

The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.

The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.

ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.

“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”

Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.

“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”

With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.

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Airtel Africa Repurchases Over 7.7 Million Shares in Ongoing Buyback Programme

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Airtel Africa

Airtel Africa has repurchased over 7.7 million shares since May as part of its ongoing buyback programme aimed at reducing outstanding share capital (more…)

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UBA Foundation Drives Environmental Awareness with Tree Planting in Lagos Schools for WED 2026

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UBA Foundation

UBA Foundation tree planting initiative marks World Environment Day 2026 with sustainability drive across Lagos schools to promote climate action

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