Transport Sector

Maritime Sub-Sector: Opportunities

  • Liner Services - Foreign Shipping Companies can engage in provision of Liner Services through joint sailing agreement with Nigerian shipping companies.
  • Cabotage - Which refers to movement of light vessels between the ports of a given count Government encourages Joint ventures in the ownership and operation of vessels which must be fully registered in Nigeria.
  • Ship Acquisition and Ship Building Fund/Lifting of Crude Oil and Gas - Opportunities abound for African Shipping companies and indeed all foreign shipping companies in joint venture with Nigerians to be involved in the lifting of Nigerian crude and take advantage of the acute shortage of bottoms to lift cargo generated by large volume of cargo for imports and exports.
  • Pollution Control in the OilProducing Coastal Regions Opportunities for companies to conduct surveys and map out areas of oil spill and pollution control.
  • Search and Rescue - Provision of equipment to meet various requirements
  • Training/Technical Assistance - Provision of training facilities for a large work force indirectly engard in the Maritime Sub-Sector.
Railway Transport

The Nigerian Railway System is on 1067 mm guage. Technically the Nigerian Railways System was based on the prevailing technology at its inception early in the century. There is need for modernization and herein lies the opportunities for investment in the sub-sector. These include:

  • Conversion of Wagon bearings: Conversion of Wagons bearings from the existing plain bearings to Roller bearings to eleiminate frequent incidence of hot axle.
  • Conversion of train braking system from vacuum to air system: This is intended to upgrade brake efficiency from 66% to 80%.
  • Converion of AB Coupler to more effective system: The existing AB Couplerlimits the length of loaded trains.
  • Modernization of track maintenance: Modern maintenance system required on a scale consistent with the size and traffic on the Nigeria Railway network
  • Ticketing System: this will improve revenue collection.

    • Manpower Development and Training.