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Maritime Sector Key to Economic Diversification – Oyetola
The Nigerian Maritime Administration and Safety Agency (NIMASA) has signed its 2026 Sectoral Performance Bond, reaffirming its commitment to accountability and improved performance. The event was overseen by Minister of Marine and Blue Economy, Dr Adegboyega Oyetola.
NIMASA Director-General, Dr Dayo Mobereola, stated that the Performance Bond is a key governance tool for tracking deliverables and strengthening accountability. He highlighted the agency’s reforms, driven by purposeful leadership and ministerial support, aimed at delivering on its mandate.
Mobereola disclosed Nigeria’s achievement of zero piracy incidents in four years, attributing it to enhanced surveillance and inter-agency collaboration. He also revealed plans to automate ship registry processes, improving efficiency and competitiveness.
The agency has received over 60 applications for the Cabotage Vessel Financing Fund (CVFF) and assures transparent disbursement. Nigeria has deposited three conventions with the International Maritime Organization (IMO) and is set to strengthen its global maritime leadership role.
Minister Oyetola emphasized the sector’s potential for economic diversification, job creation, and foreign exchange earnings, stressing that accountability is not optional.