Chairman of the Nigerian Institution of Marine Engineers and Naval Architects, (NIMENA), Eferebo Sylvanus, has said that Nigeria’s maritime sector has the potential to generate over $40 billion annually if properly regulated and supported by robust research and development initiatives. According to him, the sector is currently underperforming due to poor regulatory standards and weak enforcement mechanisms, resulting in significant revenue losses for the country. According to a statement issued yesterday by the institution, Sylvanus spoke after his election as the chairman during the Extraordinary General Meeting held in Port…
Read More“Nigeria can generate $40bn annually from maritime sector” – NIMENA boss
