The Barge Operators Association of Nigeria (BOAN) has reported significant milestones in the maritime sector, including handling over four million twenty-foot equivalent containers (TEUs) and employing 26,000 workers between 2019 and 2024.
BOAN President, Mr. Olubunmi Olumekun, disclosed this during a media briefing in Lagos, emphasizing that barge operations have become a critical component of Nigeria’s maritime logistics. The association comprises 82 companies operating more than 2,000 barges and tugboats nationwide.
Olumekun highlighted the substantial employment generated, with each barge requiring at least 13 crew members. “This achievement underscores the potential of barge operations to boost employment and support economic growth,” he said.
However, Olumekun identified restrictive policies as key obstacles to the industry’s growth. He particularly criticized the Nigerian Ports Authority’s N50 million annual cash bond for licensing, advocating for globally practiced insurance bonds instead, which are more cost-effective and inclusive for operators.
To ensure safety and accountability, BOAN assigns unique identity numbers to each barge and regulates members to combat the activities of substandard operators. While barge transport currently appears costlier than road transport due to high terminal and regulatory charges, Olumekun asserted that resolving financial barriers could reduce costs by 50%, making waterways transportation more competitive.
Barges provide a reliable alternative to road transport, ensuring timely, safe, and large-scale cargo delivery. Olumekun urged the government to enhance support for the barge industry, reducing dependence on road logistics and improving overall efficiency in cargo transportation.
