HomeBusinessDelayed maritime cases raise import costs, hurt investment, SGF tells stakeholders

Delayed maritime cases raise import costs, hurt investment, SGF tells stakeholders

The Federal Government has linked the efficiency of Nigeria’s maritime justice system to the country’s trade competitiveness, warning that delays in resolving maritime disputes are increasing import costs, discouraging investment and undermining efforts to unlock the potential of the blue economy.

George Akume, Secretary to the Government of the Federation (SGF), stated this on Wednesday in Abuja at the opening of the 18th International Maritime Seminar for Judges, organised by the Nigerian Shippers’ Council in collaboration with the National Judicial Institute and the Nigerian Maritime Law Association.

He said maritime justice should not be viewed as a narrow legal issue but as a critical economic imperative with direct implications for governance, trade and national development, calling for stronger collaboration among key institutions to build a more efficient maritime justice system.

“When a maritime claim is delayed in court, trade suffers. When a ship arrest is poorly executed, investor confidence falls.

This post was originally published on this site.

RELATED ARTICLES
- Advertisment -spot_img

Most Popular

- Advertisment -spot_img
- Advertisment -spot_img