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Full compliance of Cabotage Act necessary for Maritime sector development- Peterside

Dr Dakuku Peterside, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) has revealed that the agency will leave no stone unturned, including seeking legislative amendment if need be, to ensure full compliance with the Cabotage Act 2003, which according to him is necessary to fast track the desired growth in the maritime sector. This is even as he also revealed that the agency will undergo major reforms in the next one year to boost its capacity to drive the growth and development of the Nigerian maritime industry. According to him, these reforms are in line with the ‘change’ agenda of the President Muhammadu Buhari administration which is committed to the diversification of the nation’s economy.

He made this revelation when he hosted a delegation of the Oxford Business Group led by its Country Director, Izabela Kruk. Peterside emphasised that NIMASA has the requisite knowledgeable human capital saying what was required to refocus and reposition the agency is a committed leadership which the present management is willing to provide. He said that the agency is developing a medium term strategic growth plan which will aid its management to focus on its core mandate of promoting the development of indigenous capacity in international and coastal shipping as well as effectively regulating the maritime industry in Nigeria.

While commenting on the public perception of NIMASA over the years, Peterside said that the agency under his leadership will completely change the narrative from the negative perception of corruption, inefficiency and abandonment of its core mandate to that of a maritime administration that is alive to its responsibility intent on making Nigeria the preferred destination for maritime activities in Africa. The Country Director of the Oxford Business Group, Izabela Kruk had earlier expressed the readiness the group to partner with NIMASA in documenting and publicising NIMASA activities in its widely read journal.Ms Kruk who highlighted the benefits of the group’s partnership with some Nigerian agencies including the Nigerian Investment Promotion Council (NIPC) and the Nigerian Economic Summit Group (NESG) said the collaboration has yielded a lot of positive results for Nigeria pledging that they intend to do same for NIMASA.

The Oxford Business Group is a publishing, research and consultancy firm, which publishes economic intelligence on the markets in Africa, Asia and Latin America educating investors on the opportunities in these markets and how best to harness them.

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