Would you like to receive notifications on latest updates of the following headlines?

Maritime Stakeholders Charges Minister to Address Encroachment of NIMASA Functions by Other Agencies

POSTED ON May 14, 2024 •   Business      BY Abiodun Saheed Omodara
Former Director-General of the Nigerian Maritime Administration and Safety Agency, Raymond Omatseye l Credit: shipsandports.com.ng

Stakeholders in the maritime Nigeria, have requested the Minister of Marine and Blue Economy, Adegboyega Oyetola to address the encroachment of the functions  of the Nigerian Maritime Administration and Safety Agency, NIMASA, by the government’s agencies.

The stakeholders made this known at a stakeholders’ engagement with the ministry in Lagos, on Tuesday.

At the event, a former Director-General of NIMASA, Temisan Omatseye, said that the Nigerian Midstream Downstream Petroleum Regulatory Authority, NMDPRA, has been encroaching into the regulatory functions of NIMASA by licensing tanker operators in the country as well as charging ship owners $2000 Coastal Vessel License fee. 

Omatseye, said  “What is happening is that the ministry has to take up a very strong role right now because most of the conventions that are supposed to be domiciled in NIMASA are being taking over by other agencies. 

“It is the duty of NIMASA to actually issue bunkering license, the duty of NMDPRA is just to approve the products.” 

Omatseye noted that the responsibility of the oil regulatory agencies should be focused on the petroleum products and not the vessels. 

The minister who was represented by the Permanent Secretary of the Ministry,  Olorunola Olufemi, said “Ship owners and operators are the backbone of the maritime sector, contributing to trade, transportation, and job creation. 

“We acknowledge the challenges you face, from safety and security concerns to regulatory hurdles and market fluctuations. It is the resolve of government to address these challenges and foster a conducive environment for your operations. 

“Our efforts to enhance efficiency, transparency, and competitiveness in the sector are already yielding positive results. NIMASA Act has promoted safety standards, enforced regulations, and boosted investors' confidence. 

“We are exploring fiscal and trade policies to promote greater participation of Nigerians in the shipping industry. 

A major part of the plan is to unlock the Cabotage Fund for disbursement to support the growth and development of shipping businesses in the country. 

The Ministry is committed to delivering this soonest. 

“Our attention to the shipping industry must be wholistic, encompassing investments in fleet, improvement of regulatory frameworks, upscaling of local manpower and capacities, fine tuning of operational efficiencies, and of course increasing turnover and revenue. We must work together to reverse unfavourable terms of trade in the sector for the benefit of our economy. 

“Moving forward, our collective resolve must be to foster collaboration among regulators and stakeholders to streamline processes and enhance efficiency,” he noted.

READ ALSO
JUST IN: Dangote refinery slashes petrol prices by N15 nationwide
BY Abiodun Saheed Omodara May 22, 2025 0

LAGOS, Nigeria — The Dangote Petroleum Refinery recently announced a reduction in the pump pri...

READ ALSO
Sanwo-Olu Advocates for Innovation, Accountability in Economic Policies
BY Abiodun Saheed Omodara May 22, 2025 0

LAGOS, Nigeria - Lagos State Governor Babajide Sanwo-Olu has stated that Nigeria must hasten its pro...

READ ALSO
CBN's Rigid Monetary Policies Threaten Nigeria's Industrialization Efforts
BY Abiodun Saheed Omodara May 22, 2025 0

With the Central Bank of Nigeria (CBN) keeping the benchmark interest rate at 27.5 percent, local ma...

READ ALSO
FG to Auction 753 Housing Units Recovered from Ex-CBN Governor Emefiele
BY Abiodun Saheed Omodara May 20, 2025 0

ABUJA, Nigeria - The Federal Government has declared its intention to sell 753 housing units that we...

READ ALSO
CBN Holds Interest Rate Steady at 27.50% Amid Inflation Concerns and Economic Recovery Efforts
BY Abiodun Saheed Omodara May 20, 2025 0

ABUJA, Nigeria — The Central Bank of Nigeria (CBN) has once again held its benchmark inte...

READ ALSO
CBN Stresses Commitment to Protecting Financial Interests of Nigerians
BY Abiodun Saheed Omodara May 20, 2025 0

The Central Bank of Nigeria (CBN) has assured the public, depositors, and stakeholders that the Nige...

READ ALSO
Australia's Central Bank Cuts Interest Rate to 3.85% Amid Global Tariff Uncertainty
BY Abiodun Saheed Omodara May 20, 2025 0

On Tuesday, Australia’s central bank reduced its main interest rate to its lowest level in two...

READ ALSO
Fuel Prices: Dangote Refinery Credits Naira-for-Crude Initiative for Economic Relief
BY Abiodun Saheed Omodara May 20, 2025 0

The Dangote Petroleum Refinery has announced that the naira-for-crude arrangement enabled it to lowe...

OUR CHANNELS:

Lagos Police Recapture Escaped Inmate Following Prison Break
BY Abiodun Saheed Omodara May 24, 2025 0

A 39-year-old prisoner, Kabiru Oyedun, has been recaptured by the Lagos Police Command after escapin...


Nigeria's Progressing in Insecurity Fight, Night Travel Routes Restored
BY Abiodun Saheed Omodara May 24, 2025 0

ABUJA, Nigeria - The Minister of Defence, Mohammed Badaru, has stated that recent military successes...


Agro Alliance Takes Top Honors at Hack4Livestock with IoT Solution for Cattle Intrusions
BY Abiodun Saheed Omodara May 24, 2025 0

ABUJA, Nigeria - The Ministry of Livestock Development has announced its intention to empower 1,000...


2027: Coalition Condemns APC's Exclusive Endorsement of Tinubu
BY Abiodun Saheed Omodara May 24, 2025 0

The Coalition of United Political Parties criticized the endorsement of President Bola Tinubu as the...


Man Remand for Environmental Offense as Lagos Intensifies Sanitation Enforcement
BY Abiodun Saheed Omodara May 24, 2025 0

A collaborative enforcement team, made up of officials from the Lagos Waste Management Authority (LA...


SNEPCo Urges Indigenous Firms to Enhance Skills for Future Opportunities
BY Abiodun Saheed Omodara May 24, 2025 0

The Shell Nigeria Exploration and Production Company Limited (SNEPCo) has urged Nigerian firms to st...


Adebayo Open to Coalition with Obi, Dismisses Atiku's Influence in SDP
BY Abiodun Saheed Omodara May 24, 2025 0

The 2023 presidential candidate for the Social Democratic Party (SDP), Adewole Adebayo, has indicate...


NNPCL Empowers 531 NYSC Members with Financial Support and Starter Packs
BY Abiodun Saheed Omodara May 25, 2025 0

The Nigeria National Petroleum Company Limited has provided financial assistance of N531,000 each to...


University of Lagos Addresses NELFund Loan Reimbursement Concerns
BY Abiodun Saheed Omodara May 24, 2025 0

The University of Lagos has refuted online claims regarding the delay in the reimbursement of NELFun...


Nigerian Man Sentenced to 27 Months for $1 Million Insurance Fraud
BY Abiodun Saheed Omodara May 25, 2025 0

A 37-year-old Nigerian named Henry Ezeonyido has been sentenced to 27 months in prison by a United S...


More Articles

Load more...

Menu