On Business News, the Ministries of Transportation and Finance are working at rolling out tax incentives for operators in the maritime sector to spur growth in the industry.
The move which is in response to the impact of Coronavirus (COVID-19) pandemic, is the Federal Government’s efforts to stimulate investment and boost activities in the maritime industry and other sectors of the nation’s economy.
Director-General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Bashir Jamoh, who disclosed this in Abuja during a visit to Minister of Finance, Hajiya Zainab Ahmed, said that the Minister of Transportation is seeking a package of tax incentives for the maritime sector.
The NIMASA boss told the Finance Minister that the Minister of Transportation, Rotimi Chibuike Amaechi, is committed to ensuring the growth of the maritime industry in Nigeria.
A statement signed by Head, Corporate Communications of NIMASA, Philip Kyanet, noted that the NIMASA helmsman said many governments around the globe had introduced massive tax reduction or elimination to spur activities in key sectors and rev up their economies during the Coronavirus pandemic.
Jamoh stated that the Maritime sector is critical in the growth and development of transportation and, by extension, international trade in the country.
He said the need for Federal Government-oriented programmes and stimulus packages to deliver a response that catalyses a sustainable economic development cannot be overemphasised.