‘Nigeria loses $50b yearly to foreign domination, non-implementation of Cabotage Act’
Foreign domination of Nigeria’s waters due to non-implementation of the Cabotage Act costs the country an estimated $50 billion in capital flight yearly. The submission was made, yesterday, during the 2023 International Day of Seafarers, marked by the joint body of Nigerian Seafarer's Professional Group, in Lagos.
by Adaku Onyenucheya
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