The Nigerian Maritime Administration and Safety Agency (NIMASA) is iniviting the private sector to invest in marine waste management.  

NIMASA director general, Zikiade Patrick Akpobolokemi says that investment in waste management in the sector would not only improve Nigeria's rating in the global maritime industry, but also have other multiplier effects. 

'It is to the benefit of Nigerians that the public private partnership model of managing waste in our marine environment is sustained and encouraged to grow,' says Akpobolokemi, reported by Vanguard.

Investing in maritime

Nigeria accounts for more than 60% of total seaborne traffic in volume and value for the entire West Africa region. Well-positioned investors could turn the many challenges facing the country's maritime industry (ranging from the lack of manpower, infrastructure, financing, technical expertise to security) into opportunities. The federal government has a reform strategy for the industry, which involves promoting the Local Content Act, the cabotage trade and policing of the coastline and offshore locations. Some investment opportunities exist in ship building and repairs, establishment of industrial zones, logistic bases for the oil and gas industries, maritime academies, stevedoring, leasing of equipment, estate management, and the development of ports and terminals.