The Nigerian government intends to strengthen the presence of local players in the maritime sector, where foreign companies currently control more than 80% of activities.

Nigeria wants to reduce the influence of foreign shipping companies on its market, currently estimated at over 80%. According to authorities, this dependence weakens the national economy and limits opportunities for local operators. The government is therefore considering measures to increase the competitiveness of Nigerian companies in this strategic sector.

Among the options being discussed are tax incentives and regulations favoring national carriers. The goal is to increase their market share, which currently stands at less than 20%. The country is also focusing on modernizing its port infrastructure to attract more local investment and reduce logistics costs.

Nigeria's maritime sector, which accounts for approximately 10% of the country's GDP, plays a key role in trade. However, the dominance of foreign players leads to capital flight estimated at several billion dollars annually. Authorities intend to reverse this trend by supporting the local fleet and building the capacity of professionals in the sector.

This initiative is part of a broader strategy aimed at strengthening Nigeria's economic autonomy. If the announced measures are successfully implemented, they could boost employment and income in the sector, while reducing dependence on international operators. The challenge remains significant, however, given the well-established competition from foreign companies.