Your life has not ended hence your mistakes can be mended
A CRITIQUE OF THE NIGERIAN CABOTAGE ACT AND RECOMMENDATIONS FOR EFFECTIVENESS Prior to the enactment and implementation of the Cabotage Act in 2003 and 2004 respectively, the National Unity Line (which replaced the defunct National Shipping Lines in 1995) had become comatose. Its only surviving vessel, the MV Abuja, was auctioned off at an incommensurate price in 2003. Foreign shipping lines dominated the shipping business to the tune of over seventy-five (75) percent. The Cabotage Act, -the first in sub-Saharan Africa- thus became a watershed in the maritime history of Nigeria. The desired effect of the Cabotage Act as gleaned from its preamble is to restrict the use of foreign vessels on domestic coastal trade, promote the development of indigenous tonnage and establish a Cabotage Vessel Financing Fund. At present, however, indigenous vessels still get stuck in their earlier dilemma- like a vicious cycle that informs the examination of the industry in the context of the inte...
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