NIGERIA'S TAX LAWS INCENTIVISE INVESTMENT - APM TERMINALS, APAPA.

NIMS 2022 was declared open on Monday by the Minister of Transportation, Engr. Mu’azu Jaji Sambo.

“Sustainable financing models are important to build critical maritime assets such as shipyards and ports across the country,” Sambo had said while declaring the summit open.

The Minister said Nigeria remained committed to the sustainability of the blue economy.

Also speaking during the opening ceremony, Secretary General of the International Maritime Organisation (IMO), Kitack Lim said, “I am aware of Nigeria’s significance to the maritime sector of West and Central Africa. Carbonisation is the greatest challenge of our time, which IMO is working to address. The upgrading strategies shall be concluded in July 2023. By next year, we shall adopt the long-time strategy. However, prior to that time, we shall continue to support member countries.”

He lauded Nigeria’s role in the suppression of piracy in the Gulf of Guinea but cautioned that stakeholders must continue to remain vigilant as continuous capacity building is key to success in this regard.

Source - Vanguard Newspaper.

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