Nigeria is missing out on over $7 billion yearly by neglecting the global seafaring market, experts say. Countries like the Philippines have turned seafaring into a major export, training thousands of workers and earning huge foreign income. For Nige… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader Nigeria losing $7bn seafaring opportunity, SMEs could benefit By Abimbola Akomolafe on August 27, 2025 Nigeria is missing out on over $7 billion yearly by neglecting the global seafaring market, experts say. Countries like the Philippines have turned seafaring into a major export, training thousands of workers and earning huge foreign income. For Nigeria, poor training facilities and the absence of a strong national shipping fleet remain big challenges. Read also, Nigeria losing $7bn seafaring opportunity, SMEs could benefit APPLY: Business Development Intern Tinubu pledges tech, food security reforms to boost Nigeria's growth How to stay valuable when no one's watching IMF, IFC back Tinubu's reforms, call for support to SMEs Many Nigerian cadets struggle to get jobs abroad because their certifications are not globally recognised. Stakeholders believe fixing these gaps could unlock a new economy for SMEs in shipping, logistics, training, crewing, and supply services. With the right investment, seafaring could create jobs, grow small businesses, and boost Nigeria's GDP.

SMALL BUSINESS INSIGHTS © 2025. Unsubscribe or manage your email subscriptions. Get the Jetpack app Subscribe, bookmark, and get real‑time notifications - all from one app! Automattic, Inc. 60 29th St. #343, San Francisco, CA 94110