Fears Mount Over Seeming Delay in Presidential Assent to Port and Shipping Economic Regulation Agency Bill ..By Asu Beks.
Maritime Stakeholders are becoming increasingly apprehensive over the seeming delay in the Presidential assent to the Ports and Shipping Economic Regulation Agency Bill which was passed by both chambers of the National Assembly over a year ago. The Bill seeks to repeal the existing Nigerian Shippers' Council Act and aims to establish a more robust and effective regulatory framework to support the growth of Shipping and Ports sectors ,while safeguarding the interest of Nigerian Shippers.
In the main, the Bill proposes the creation of the Nigerian Shipping and Ports Regulatory Agency, which is tasked with achieving an ambitious objective to create a more efficient and competitive environment for both the public and private sector in the shipping and Ports sector. One of the key provisions...