With a market of over 200 million people and a 900-kilometre coastline, Nigeria should be a natural destination for indigenous shipping investors.
But after the profits from 120 million tonnes of cargo are accounted for, Nigeria claws for scraps as it haemorrhages over 80 percent of its freight earnings to foreign players.
The system, squeezes them thin as policies lock them out of profits, players already in the industry say.
Go to Marina, Apapa, Tincan Island, or even Lekki deep Seaport; those ships you see are without exception all
