The Shipping Correspondents Association of Nigeria (SCAN) has begun arrangements for its forthcoming 2026 Summit to address the persistent financial challenges and regulatory hurdles confronting indigenous shipowners in Nigeria’s maritime sector.
The high-level gathering will take place on October 29th, 2026, at the prestigious Rockview Hotels, Apapa, Lagos.
Themed, “Low-Risk Capital for Indigenous Shipowners: Overcoming Regulatory, Financial Bottlenecks,” the summit aims to chart actionable pathways for unlocking adequate funding and creating an enabling environment that increases the participation and capacity of Nigerian-owned vessels in the domestic and international waters.
SCAN President, Moses Ebosele, said despite Nigeria’s rich maritime potential, foreign operators have continued to dominate the nation’s maritime domain controlling over 95% of the carriage of Nigerian imports, exports, and associated freight earnings, while the local participation remains critically low, with indigenous ship owners capturing only about 4% to 5% of the market.
Noting that this was largely due to systemic funding gaps, high interest rates, and regulatory bottlenecks faced by local fleet operators, Ebosele said the 2026 SCAN Summit is expected to bring together key decision-makers, regulatory bodies etc.