Home FEATURES How Nigeria Can Advance Its Global Economic Interest, By Maritime Agency Boss

How Nigeria Can Advance Its Global Economic Interest, By Maritime Agency Boss

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The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has said that the best way Nigeria can advance its global economic interest is to get the regulation of the maritime sector right.
The Director General, who spoke in an interactive session with news men, said that 90 percent of global commerce is conducted via sea borne trade and Nigeria is strategically placed between the West and Central Africa which puts it at a global advantage.
“If we must advance our global economic interest, then we must ensure that we get the maritime industry right, precisely the regulation of the industry.”
Dr. Peterside said that in recognition of the fact that there is need to make Nigeria a global voice in the Maritime Sector, adding that the Agency has come up with various interventionist programmes that would speedily impact positively on the sector alongside the restructuring, reforming and repositioning of the Agency.
The Director General said that the Agency is concluding the process of acquiring a modular floating dry dock that would allow Cabotage vessels and other vessels calling at our Ports to be able to maintain their boats in-country and save the much needed foreign exchange, in addition to creating employment opportunities for Nigerians.
The NIMASA boss said that about 400 vessels participate in the Cabotage trade and that at least 5,000 vessels call at the nation’s ports, “but yet, most of them routinely take their vessels outside the country for regular dry docking and maintenance, thereby making the country lose a lot of foreign exchange.” [myad]

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