Economic recovery expert urges fg focus maritime industry

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Economic Recovery Expert Urges FG to Focus on Maritime Industry

As the Nigerian economy continues to grapple with the challenges of recession and recovery, a renowned economic recovery expert has urged the Federal Government to focus on the maritime industry as a key driver of growth and development.

According to Dr. Olumuyiwa Olubanjo, a leading expert in economic recovery and development, the maritime industry has the potential to be a major contributor to Nigeria's economic growth and development, particularly in the areas of job creation, revenue generation, and infrastructure development.

In an interview with our correspondent, Dr. Olubanjo noted that the maritime industry is a critical sector that has the potential to create thousands of jobs, both directly and indirectly, and contribute significantly to the country's GDP.

"The maritime industry is a vital sector that has the potential to drive economic growth and development in Nigeria. It is a sector that has the potential to create thousands of jobs, both directly and indirectly, and contribute significantly to the country's GDP," Dr. Olubanjo said.

He also noted that the industry has the potential to generate significant revenue for the government, particularly through the collection of customs duties, taxes, and other levies.

"The maritime industry is a significant source of revenue for the government, particularly through the collection of customs duties, taxes, and other levies. In fact, the industry has the potential to generate over N1 trillion annually for the government," Dr. Olubanjo said.

Dr. Olubanjo also urged the government to focus on the development of the industry's infrastructure, including the construction of new ports, the expansion of existing ones, and the improvement of the country's transportation network.

"The development of the industry's infrastructure is critical to the growth and development of the sector. The government must focus on the construction of new ports, the expansion of existing ones, and the improvement of the country's transportation network," Dr. Olubanjo said.

He also urged the government to provide support to the industry, particularly in the areas of funding, training, and capacity building.

"The government must provide support to the industry, particularly in the areas of funding, training, and capacity building. This will enable the industry to grow and develop, and contribute more significantly to the country's economic growth and development," Dr. Olubanjo said.

In conclusion, Dr. Olubanjo urged the government to focus on the maritime industry as a key driver of growth and development, and to provide support to the industry to enable it to grow and develop.

"The maritime industry is a critical sector that has the potential to drive economic growth and development in Nigeria. The government must focus on the industry and provide support to enable it to grow and develop," Dr. Olubanjo said.