Rewane: Nigeria Still on Margin of Global Maritime Trade
Renowned economist, Mr. Bismarck Rewane, has said that the Nigerian maritime industry still lies on the margin in global maritime trade after four years post the COVID era.
He stated that with the global economy standing at about $90 trillion pre-COVID and Nigeria’s share at about 2 per cent, global trade is expected to rise at about three per cent in 2025.
With fluctuating currency exchange rate, he posited that Nigeria’s economy is speculated to slightly underperform.
Hence, he advised that to keep up with the ever-changing trends in the global maritime industry, the Nigerian Maritime industry must first aspire to bounce back to the Pre-COVID era of maritime business.
Speaking during the second Maritime Industry Breakfast Meeting of the Nigerian Maritime Law Associatio...