Maritime/Shipping

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NIMASA gets approval of Reps to disburse $360m Cabotage Fund

Lagos, June 2, 2023 -The Nigerian Maritime Administration and Safety Agency (NIMASA) says it has received approval of the House of Representatives to disburse the $360 million Cabotage Vessel Finance Fund (CVFF) to qualified Nigerian shipowners. The Global Business (GBN) reports that the House of Representatives had mandated its Committee of the House to investigate the contributions into the funds and the disbursement plans and processes of NIMASA immediately the fund was approved for disbursement by President Buhari in December 2022. A statement by NIMASA on Friday said the committee …

Jamoh bags Public Servant of the Year 2022 award

Lagos, May 16, 2023 – Dr. Bashir Jamoh, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) OFR, has received an award as the “Public Servant of the Year 2022” from the Champion Newspapers Nigeria Limited. Jamoh won his award along with some other prominent Nigerians like  Governors Ademola Adeleke of Osun State, Sanwo Olu of Lagos, and Audu Abdullahi Sule of Nasarawa State, who also received different awards. Presenting the award on behalf of the organization in Lagos last weekend, the Managing Director of Fidelity Bank Plc, Nneka Onyeali-Ikpe, said the award was …

Judiciary has role to play in fight against piracy – Ariwoola

Lagos, May 12, 2023 – The Chief Justice of Nigeria, Justice Olukayode Ariwoola, says the judiciary has a role to play in all legal forms of fight against piracy. He said a secured maritime domain was vital to economic development and advancement. Ariwodola said this while declaring the 3rd edition of the Nigerian Admiralty Law Colloquium for Justices of the Supreme Court and Court of Appeal and Judges of the Federal High Court, open in Lagos. The CJN, who was represented by Hon. Justice Musa Dattjo Muhammad, said that he was …

Maritime tourism is key to economic development – NIMASA

Lagos, May 10, 2023- Dr. Bashir Jamoh, the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), has called for collaboration among operators in the tourism and maritime sectors in Nigeria. He said that with the enormous resources in the maritime sector, the “tourism industry will be an easy and low hanging fruit for Nigeria’s economic development agenda”. Jamoh gave the advice at the 6th National Tourism Transportation Summit and Expo organised by the Institute for Tourism Professionals of Nigeria (ITPN) in collaboration with the Ministries of Transportation, Aviation, Information and Culture held at the International Conference Centre Abuja. Speaking on the topic “Tourism …

RT200FX: Nigeria earns $7.3bn from non-oil exports

Lagos, May 9, 2023 – Nigeria has earned over $7.3 billion in foreign exchange repatriated by non-oil exporters in less than one and half years. The foreign exchange were repatriated by non-oil exporters under the RT200FX initiative of the Central Bank of Nigeria (CBN) as at the end of the first quarter of 2023. The country received $5.6 billion through the programme in 2022 and $1.7 billion in the first quarter of 2023. Godwin Emefiele, the Governor of the CBN, gave the statistics on Tuesday at the Bi-Annual RT200 Non-Oil …

Invest in maritime sector, NIMASA urges Nigerians in Diaspora

Lagos, May 8, 2023 -The Nigerian Maritime Administration and Safety Agency (NIMASA), has called on Nigerians in the Diaspora to invest in the country’s maritime sector. It describe the sector as the next big thing packed with assets to fuel the growth of the economy. Dr Bashir Jamoh, NIMASA Director General, gave the advice during the closing ceremony of the Global African Diaspora Symposium with the theme: ‘Building stronger connections between Africa and the Global Diaspora.’ The Director-General, who was represented by the Director, Special Duties, Mr Isichie Osamgbi, said: …

Reps directs NIMASA to suspend disbursement of $700m Cabotage Fund

Abuja, May 2, 2023 – The House of Representatives has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to suspend the planned disbursement of $700 million Cabotage Fund to shippers immediately. The House also directed the agency to present an audited statement of account showing all monies that have accrued to the Cabotage Vessel Finance Fund within seven days. This followed the adoption of a motion of urgent public importance brought by Henry Nwawuba and adopted by the House on Tuesday. The House also directed its Committee on Local Content …

Maritme security: Inter-agency collaboration is critical – NIMASA

Lagos, April 27, 2023 – Dr Bashir Jamoh, the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), says inter-agency collaboration is critical to sustaining the efforts to curb criminal activities in the Nigerian waters and the Gulf of Guinea (GoG). The NIMAS DG made the observation when he played host to the Interim Administrator of the Presidential Amnesty Programme (PAP); Majo General (rtd) Barry Ndiomu in Lagos. He applauded the visit of the Amnesty boss, saying that it was timely and a wake-up call to synergy in order …

WACT acquires 16 new trucks to boost cargo clearance at Onne

Onne (Rivers), April, 2, 2023 – Cargo clearance has been boosted at Onne Port by the acquisition of 16 new terminal trucks by the West Africa Container Terminal (WACT). WACT is owned and operated by APM Terminals which started commercial operation in Nigeria in 2006 It is the first Greenfield container terminal in Nigeria to be built under a Public-Private Partnership (PPP) model. In a statement by the terminal operator at the weekend, the additional container handling equipment would further improve the already quick turnaround time for vessels calling WACT. …

25 ships to arrive Lagos ports with petrol, other goods

Lagos, March 3, 2023 -The Nigerian Ports Authority (NPA) on Friday said 25 ships conveying petroleum products and other goods were expected at Lagos ports from March 3 to March 15. It listed the items as bulk sugar, frozen fish, bulk urea, bulk gypsum, butane gas, soya bean, bulk wheat, container and petrol. It said that seven ships waiting to berth at the ports with containers, jet fuel, automobile gasoline and fuel. The NPA also said that 21 ships were already discharging general cargo, petrol, containers, soya bean meal, bulk …