The Nigerian House of Representatives has passed a bill restricting foreign vessels in coastal and inland waters to promote indigenous maritime participation. Sponsored by Julius Ihonvbere, the bill is aimed at enhancing local shipping capabilities and securing marine resources. It awaits presidential assent to become law.
The House of Representatives of Nigeria has recently passed legislation aimed at limiting foreign vessels in the nation’s coastal and inland waters. The proposed amendment to the Coastal and Inland Shipping (Cabotage) Act, initially established in 2003, aims to enhance the use of indigenous vessels and promote local shipping capabilities. Sponsored by Julius Ihonvbere, the bill received its third reading during a plenary session on Wednesday.
During the debate, Mr. Ihonvbere expressed concern over the overwhelming presence of foreign vessels in Nigerian waters; he noted their prolonged exploitation of local marine resources. He highlighted the detrimental impact on local shippers, who have felt marginalized in the maritime sector and lack opportunities for substantial growth. According to Ihonvbere, “It got to a point where we could hardly count the number of local shippers operating in international waters.”
The lawmaker articulated that the new legislation would bolster local participation in maritime commerce, thereby diminishing foreign access to Nigeria’s marine assets. The initiative is expected to foster the development of local businesses, generate employment opportunities, and improve security on Nigeria’s inland waterways. The bill was passed with little debate and will now proceed for presidential approval from President Bola Tinubu before its enactment.
In summary, the recent passage of the bill by the House of Representatives seeks to safeguard Nigeria’s coastal and inland waters from foreign exploitation. It aims to enhance indigenous capabilities within the maritime industry, create jobs, and secure local waterways. This legislative move reflects a significant shift towards prioritizing local interests in Nigeria’s maritime economy.
The House of Representatives’ recent passage of the bill to restrict foreign vessels signifies a pivotal step towards protecting Nigeria’s maritime resources. By fostering local participation and developing indigenous shipping capabilities, the legislation also aims to create jobs and enhance waterway security. Awaiting presidential assent, this bill could fundamentally change the landscape of maritime commerce in Nigeria, reinforcing the importance of local industries.
Original Source: businessday.ng
