Senate Committee on Marine Transport has said that the continuous prosperity and development of Nigeria’s economy relies on the maritime sector and other strategic ones like energy, power, agriculture and natural resources.
Chairman of the committee, Senator Mohammed Danjuma Goje (APC Gombe Central), acknowledged the strategic importance of the sector to the nation’s economy during a media chat over the weekend in Abuja.
Senator Goje, therefore, assured the sector of adequate budgetary provisions on yearly basis, stressing that “maritime is very strategic for any nation blessed with it.”
“The very reason the Senate Committee on Marine Transport and that of House of Representatives, resolved at the recent 2020 budget defence session the Ministry of Transportation had with it, to ensure adequate budgetary provisions for the ministry particularly as regards maritime agencies under it.
“Aside that, the joint committee also resolved to more than ever before , ensure full implementation of whatever appropriation and releases made to the relevant agencies through oversights from time to time,” he said.
Minister of Transportation, Mr Rotimi Chibuike Amaechi , had in the presentation of the 2020 budget proposals for the sector to the committee, said while N748million is proposed as capital votes , N358million is estimated for overhead costs.
He explained that the aims and objectives of the budget proposal was to make significant progress and consolidate on the gains and achievements recorded in the supervisory functions of the ministry in the immediate past years.
Amaechi listed the areas where success had been recorded to include port infrastructure development, maritime administration, human capacity, security and safety of waters and effective technical and economic regulations of the sector.
The minister also revealed that a total capital appropriation for marine transport sector for 2019 was N411million out of which N259 million representing 63 .03 per cent had been released to date,noting that the entire amount had been utilised as at October 16.
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