Former President Olusegun Obasanjo has advised the Federal Government not to resuscitate the defunct Nigerian National Shipping Line.
Obasanjo gave the advice in Lagos on Monday in his address as the Chairman of a two-day stakeholders’ conference on the maritime industry.
The former president blamed the demise of NNSL on the lack of professionalism and high level corruption at the time.
“NNSL had been liquidated.“They tried Nigeria Unity Line, it collapsed.“Nineteen brand new ships were specially built for Nigeria.“We did not take delivery of some of them until I left office in 1979.“When I came back in 1999, NNSL had been liquidated with all the 19 ships gone as well as the five ships in existence.“Two of the ships were missing for almost two years and it was discovered that one military man was using them all over the world and no accountability.”
The former president urged the present administration to “think out of the box and come up with what should be done to grow the maritime industry”.
Obasanjo added that “until NIMASA became a source of where people steal money, nobody knew too much about it”.