Engagement with CBN aims at securing special interest rates, intervention funds –NIMASA DG .Says agency rakes in N20bn annually to CRF

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 Engagement with CBN aims at securing special interest rates, intervention funds –NIMASA DG

 .Says agency rakes in N20bn annually to CRF

 By Udeme Clement  


 The Director General,  Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dakuku Peterside has urged Nigerians and the entire African continent to jealously guide the fledgling democracy, which is gradually taking roots in the continent, noting that it would help catalyse economic development in the continent and by extension the maritime sector.

Peterside also restated NIMASA’s commitment to growing indigenous capacity in the sector, stressing that the engagement currently on-going between the Agency and the Central Bank of Nigeria, CBN, aims at securing special interest rates, intervention funds for vessel acquisition and other ancillary transactions in the sector. He explained that these measures are geared towards improving the Cabotage regime and realisation of a robust maritime sector in the country.

Dakuku further disclosed that NIMASA has become one of the leading parastatals of Federal Government in its enormous contributions to Consolidated Revenue Fund, CRF. “NIMASA has transformed from contributing barely N3 billion to over N20 billion annually to the Consolidated Revenue Fund and would keep getting better”, he revealed.

He added, “In order to block financial leakages, we subscribed to a full bouquet of the Lloyds and Clarkson intelligence; this made it almost impossible for any vessel calling at our ports to escape or under declare; the TSA and our collaboration with the Nigeria Customs Service, NCS, amongst other agencies also played  important role”.

Dr. Dakuku who is also the Chairman, Association of African Maritime Administration, AAMA, stated this in Lagos, during breakfast meeting with some journalists in Lagos to mark the Eid-El-Kabir celebration.

Speaking further, he said that AAMA under his leadership has prioritised projecting Africa as a block deserving a larger share of global maritime trade based on its contributions.

Some African countries still operate along colonial inclination and that tends to slow down development particularly in the maritime sector. In those countries where democracy is fully thriving such as Nigeria, stakeholders in the maritime sector now speak with the voice of development, independent of colonial masters. AAMA, under my watch has been able to give African maritime sector a new voice, particularly at the International Maritime Organisation, IMO”, he said.

Dr. Dakuku who referred to the maritime sector as a goldmine, used the opportunity to call for objectivity in reporting activities of the sector. He assured that the Agency would continue to embrace all forms of collaborative initiatives to boost the fortunes of the nation’s maritime sector.

Meanwhile, in his Eid-El-Kabir message, the NIMASA DG urged Nigerians to love one another and live peacefully as they celebrate Sallah, adding that the period is not only for merriment but a time to reflect on happenings in the country.

“The Sallah celebration is not only meant for wining and dining but a time to reflect on re-dedicating our love for the nation. We have to exhibit values of love, peace and prayer for the country. We should also use the occasion in striving to continue to serve humanity irrespective of tribe, creed or political leanings.

 As our country grapples with various challenges of development, this is also an apt period for all of us to pray earnestly to God to continue to bless Nigeria as well as guide and guard it, as we approach the 2019 elections,” he stated.



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