Home Dr Ngozi Okonjo-Iweala Economic Development. Maritime Sector N2 trillion annually presidential retreat Nigeria loses N2tln to capital flight in maritime sector – Okonjo-Iweala

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Minister of Finance, Dr Ngozi Okonjo-Iweala, says Nigeria loses more than N2 trillion annually to capital flight following inability of indigenous ship owners to fully participate
in crude oil exports.
The minister disclosed this at a one-day presidential retreat on maritime safety held at the Presidential Villa.

The retreat with the theme: ``Harnessing the Potential of Nigeria’s Maritime Sector for Sustainable Economic Development’’ was organised to generate concrete and implementable initiatives to improve the sector.

In her remarks the minister decried the lack of proper implementation of the cabotage laws to allow indigenous participation in shipping. NAN
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Dr Ngozi Okonjo-Iweala Economic Development. Maritime Sector N2 trillion annually presidential retreat

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