Maritime Agency Seeks Private Sector Participation in Deep Blue Economy

David Adekunle, Lagos

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The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh has called for more private sector participation in the deep blue economy initiative to harness greater benefits from the maritime industry.

Dr. Jamoh who delivered a paper at a lunch hour lecture series organised by Academy for Maximum Achievement, gave an expository discourse on the many untapped opportunities in the maritime industry.


He gave assurance that the deep blue project for which the federal government procured air, land and water assets for maritime security has made the industry safer and removed Nigeria from the list of countries with high incidence of attacks.


He described the copious opportunities in ship building, ship repairs and recycling as open areas that will benefit the economy in establishment of businesses within the value chain, create employment and boost foreign exchange earnings for government and private sector.


Giving an overview of Nigeria’s maritime potentials, Jamoh said 28 out of the 36 states of the federation have navigable inland waters carrying huge resources that could generate wealth.


He said NIMASA under his leadership stepped up sensitisation of state governors about blue economy and had urged them to pass the message to citizens of their states.


According to him, Nigerian waters are linked to 5 neighbouring countries and give ancillary support to other non-maritime sectors like agriculture, tourism and other trading ventures.


The NIMASA DG listed vessel ownership, chandelling, stevedoring, freight forwarding, haulage, fishing, marine biology, marine geology, underwater engineering, ship brokerage, import and export as areas that have openings for more investments.


He disclosed that NIMASA hopes to revive Nigeria’s quest for revenue from legitimate bunkering services, a move the country lost about 20 years ago.


Speaking earlier, Leader of the Think Tank Group, Margaret Orakwusi described the it as a knowledge-sharing platform created by the Academy for Maximum Achievement as an interdisciplinary platform to bring together experts and leaders from various walks of life to stimulate discourse on critical and pressing national socio-economic issues.


Also to galvanise research and expert contributions towards public policy support and implementation”Orakwusi said.


Also speaking,  Chief Executive Officer of ENL Consortium, Princess Vicky Haastrup commended Jamoh’s feats as NIMASA DG.

From left to right: Chief Executive Officer of ENL Consortium, Princess Vicky Haastrup; Chairman of Morbod Group, Barr. (Mrs.) Margaret Orakwusi; Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, Mr. Oscar Onyema; Chief Executive Officer, Bricks Murstern Mattoni Ltd, Mr. Emmanuel Maiguwa; and Special Adviser, Strategy and Communication to the NIMASA DG, Mr. Ubong Essien during a special lunch hour lecture series on Nigeria’s Unfolding Blue Economy in Lagos.


She described environmental sustainability within ports areas as critically deserving of government attention.


She also called for increased female participation in the country’s maritime industry, observing that women occupy only 18 percent of offices in the maritime industry.


A former Chairman of the Oil and Gas Free Zones Authority, Dr. Chris Asoluka commended the policies and actions put in place for a sustainable blue economy in Nigeria.


Asoluka added that the country needs more of action to match policies on paper for full realisation of the set goals.


A ship owner and CEO of Sea Transport Limited, Aminu Umar access to credit for purchase of vessels has been the major challenge militating against investment in the maritime industry.


He urged the Nigerian Exchange Group to consider ship finance as one area that can grow the economy.


Umar advised the government to redesign its policies for indigenous investors to grow and benefit the country.


The maiden edition of the lunch hour lecture series attracted major maritime industry stakeholders, financial sector executives and top players from other sectors including a former Minister of Interior, Captain Emmanuel Iheanacho.


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