NIMASA DG Says Nigeria’s Removal From War Risk Insurance Premium Will Soon Yield Good Result
Director General of Nigerian Maritime Administration and Safety Agency (NIMASA); Dr Bashir Jamoh has expressed optimism that the agency’s clamor for Nigeria to be removed from the war risk insurance premium on Nigeria-bound cargos will soon yield positive results.
The NIMASA boss gave this assurance while informing the visiting Minister of State for Transportation, Senator Gbemisola Ruqayyah Saraki about what the agency has done in the fight against piracy.
The minister, who is currently on a week-long visit to maritime agencies in Lagos, had embarked on a tour of facilities and assets of NIMASA.
She inspected the NIMASA Command, Control and Computer Centre (C4i), the NIMASA Modular Floating Dockyard, the NIMASA E-library and Vessels belonging to the agency that are undergoing dry docking at the Naval Dockyard Victoria Island.
Jamoh told the minister that NIMASA’s focus is to sustain the tempo. “We are very optimistic that the international community desires sustainability of the war on piracy and maritime crimes in Nigeria. The good thing is that they are part and parcel of our processes and procedures.
He added that NIMASA is poised to sustain its recent achievements, adding that the plans are in three categories of short, medium and long term.
He told the minister that: “We have the Nigeria Join Industry Working Group where all stakeholders including the INTERTANKO, the largest owners of tankers in the world, the INTERCARGO, the largest owners of Cargos in the world and the major oil marketing companies meeting regularly discussing developments in the Nigerian Maritime industry. We have also strengthened our collaboration with the Nigerian Navy. The SHADE Gulf of Guinea is another platform where inter regional organisations such as the ICC and the European Union foster collaboration to secure the Gulf of Guinea.
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According to him, “although Nigeria was removed from the red list of piracy nations on 3rd of March this year, it is natural that the international community will desire sustainability. Our hope is that by September this year, the issue of War Risk Insurance will be addressed when the Lloyd’s of London, coordinators of insurance surcharges on Nigeria-bound cargoes meet to deliberate on our position paper which highlights the short, medium, and long term plans to sustain the achievements in our war against piracy in Nigeria”.
Reacting, the Minister expressed delight at the equipment and assets of NIMASA, stating that it underscores the importance the Federal Government attaches to combating maritime crimes and ensuring zero tolerance for illegal activities on the nation’s territorial waters.
While commending the synergy and collaboration among agencies of Government in the maritime sector, the Minister expressed delight at the fact that Nigeria has witnessed piracy free waters since 2022.
“For over 28 years, we have been in the press for the wrong reasons, over the piracy issues at the Gulf of Guinea (GoG). We were there when Mr. President commissioned the DEEP BLUE PROJECT last year and within that short frame of time, we have broken the jinx, and for the last five months zero attacks, so I think that says it all for my assessment of NIMASA”, she acknowledged.
Furthermore, Senator Saraki noted the need to sustain the momentum to ensure Nigeria remains attractive to investors adding that the Ministry is delighted at the steps NIMASA is taking to address the issue of War Risk Insurance premium on Nigerian Bound Cargoes.
“The most important thing now is that we don’t rest on our oars. The Free Trade Agreement and how it affects Nigeria is our focus. We hope to create an enabling environment to be very attractive and highly competitive when compared to neighboring countries and collaboration amongst all maritime Agencies of Government in terms of information gathering and sharing is key in achieving this”, she said.
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