Nigeria: Transport

Nigeria's port sector enters a transformative phase with the enactment of the Nigerian Port Economic Regulatory Agency Act, establishing a comprehensive legal framework for economic regulation and oversight. The legislation grants the Nigerian Shippers' Council expanded statutory powers over tariffs, licensing, competition matters, and commercial dispute resolution. Critical questions remain about implementation and how the new regulatory structure will coordinate with existing maritime agencies to avoid ju

After more than two decades of dormancy, Nigeria has finally begun disbursing the Cabotage Vessel Financing Fund (CVFF), a revolving loan facility funded by a 2% levy on cabotage-protected trade earnings since 2003. With up to $25 million available per qualifying applicant at 6.5% interest through twelve appointed Primary Lending Institutions, Nigerian shipowners now face the critical question of who qualifies and what it takes to access this long-awaited vessel acquisition finance.

Nigeria's transportation sector experienced significant growth and transformation in Q2 2026, driven by accelerated infrastructure projects, enhanced regional integration through AfCFTA, and increased private sector participation. The quarter showcased operational improvements across aviation, maritime, and road networks, supported by the positive impact of 2025 tax reforms on investor confidence and regulatory efficiency.