Incentives for maritime investors in Nigeria underway – NIMASA DG

R-L: Executive Director, Operations, NIMASA, Shehu Ahmed, Executive Director, Finance and Administration Hon. Chudi Offodile, Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, Publisher of Shipping World Magazine, Mr. Asu Beks, Executive Director, Maritime Labour and Cabotage Services, Barr. Victor Ochei and Publisher Business and Maritime Magazine, Mr Okey Ibeke, during the Director-General's engagement with Maritime Editors in Lagos.

The Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh has disclosed that incentives are underway for investors in the nation’s maritime industry as the agency is anxiously waiting for the final approval for the list of incentives it had submitted to the Federal Government.

According to Jamoh, the Federal Ministry of Transportation is also putting final touches to arrangements for the disbursement of the Cabotage Vessel Financing Fund (CVFF) which operators in the maritime industry would soon begin to access.

Jamoh made this known in Lagos last week in a media briefing, noting that the prosecution of suspected pirates arrested by the Navy recent under the Suppression of Piracy and Other Maritime Offences (SPOMO) Act begins this week. 

 “We have made proposals to President Muhammadu Buhari through the Honourable Minister of Transportation, Rt. Honourable Chibuike Rotimi Amaechi, for approval to grant different kinds of incentives that would help us grow the industry. We are also working to ensure the disbursement of the CVFF. We believe that other sectors, like manufacturing and aviation, have leveraged on this sort of incentive to grow and that is the reason we are also looking in that direction.”

‘’The Federal Ministry of Transportation is also putting final touches to arrangements for the disbursement of the Cabotage Vessel Financing Fund (CVFF) and operators in the maritime industry would soon begin to access the fund,’’ he stated.

He said fighting crime with intelligence and technology had been the hallmark of his administration in the battle against piracy since it came on board three months ago. 

On the Nigerian Seafarers Development Programme (NSDP), Jamoh said it is being redesigned to make it more effective. 

He appealed to the media to ensure adequate and fair reportage of the activities of NIMASA, Nigeria’s maritime industry regulatory agency, in order to properly inform and educate the public.

He said the sector had the potential to exponentially grow the Nigerian economy, given the enormous flora and fauna in the maritime environment, besides mineral resources and shipping activities.

Speaking during the engagements, President, Nigerian Guild of Editors, Mustapha Isah, said the media was willing to support NIMASA to achieve its mandate.

Isah said the success of the Agency was vital to the whole country. He urged his colleagues to give more attention to maritime in their reports.

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