The Nigerian economy is classified as a mixed economy and the maritime industry of Nigeria is a major sector of the economy taking into consideration, the fact that the country’s status is that of a major oil-producing and exporting country.
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The summary of the bill reads, “This Act repeals the Water Resources Act, Cap W2 LFN 2004; River Basin Development Act Cap R9 LFN 2004; Nigeria Hydrological Services Agency (Establishment) Act, Cap N110A, LFN,2004; NationaI Water Resources Institute Act Cap N83 LFN 2004; and establishes the National Council on Water Resources, Nigeria Water Resources Regulatory…