Nigerian Ports Authority Launches First Wholly Nigerian-Owned Container Vessel

 The Nigerian Ports Authority (NPA) celebrated a milestone on July 5, 2025, with the launch of the MV Hope, the nation’s first wholly Nigerian-owned container vessel, marking a bold step toward maritime self-reliance. 

The 1,200 TEU (twenty-foot equivalent unit) ship, built by indigenous firm Seaworks Limited for $45 million, was commissioned at Apapa Port by Managing Director Mohammed Bello-Koko. The vessel, capable of carrying 1,500 containers and servicing West African routes, reduces reliance on foreign shipping lines, which dominate 90% of Nigeria’s $20 billion annual maritime trade.

The NPA invested $10 million in training 50 Nigerian seafarers, with 70% of the crew local, aligning with a 5-year plan to own 5 vessels by 2030. The launch, attended by 2,000 stakeholders, boosts cargo handling by 15%, targeting a $5 billion revenue increase. 

Critics highlight a 30% cost overrun due to currency devaluation, but Bello-Koko defends it as a strategic move amid 33% inflation. The MV Hope’s maiden voyage to Cotonou is set for July 10, with plans to expand to Ghana, signaling Nigeria’s maritime ambition.