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The Minister of Transportation, Rt. Hon. Rotimi Chibuike Amaechi,

Amaechi advises stakeholders to exploit Nigeria’s Maritime Industry Outlook as NIMASA unveils 2018/ 2019 Report


NIMASA DG presents report:

.Infrastructural reforms in transport sector to offer a synergistic benefit to maritime industry

.Sustained drop in crime rate in the Niger Delta Region gives a boost to maritime activities in 2017

.Maritime Security Architecture to further suppress insecurity in the Nigerian waters

.Presidential Order on Ease of Doing Business to continue yielding positive results in Nigerian ports

.Success of Nigerian Oil sector dependent on Maritime sector, as it remains strategic to growth of economy

.Nigerian economy rebounds by 0.82%, as confirmed by (NBS) National Bureau of Statistics’ just-released 2017 GDP growth figures of 1.92 in Q4


|TRADE NEWSWIRE|: The Minister of Transportation, Rt. Hon. Rotimi Chibuike Amaechi, has tasked operators in the Nigerian maritime industry to take full advantage of maiden report of the Nigeria’s Maritime Industry Forecast for the year 2018/ 2019 released by the Nigerian Maritime Administration And Safety Agency (NIMASA), TRADE NEWSWIRE reports.

He gave this advice to maritime stakeholders at a Public Presentation of ‘Nigeria’s Maritime Industry Forecast for 2018 and 2019 by NIMASA’ held on Tuesday in Lagos.

Amaechi said, “Consequently, the presentation of Nigeria’s Maritime Industry forecast by NIMASA is a novelty geared at bringing to the front burner critical maritime industry issues and best global practices to guide investors and stakeholders in harnessing the potentials of the blue economy in the next two years (2018 and 2019) and beyond with focus on emerging opportunities and challenges in the maritime industry.

“There is no doubt that the Maritime Sector is highly susceptible to technological dynamics and changes which require huge funding and investment for achieving effectiveness and efficiency.

“I therefore in my capacity as the Honourable Minister of Transportation and on behalf of Government draw your attention to the indices outlined in the Maritime Industry Forecast Report and urge you our esteemed stakeholders to take advantage of the potentials that will shape Nigeria’s Maritime Industry Outlook in 2018 and 2019.”

The Director-General of the Nigerian Maritime Administration And Safety Agency (NIMASA), Dr Dakuku Peterside

The Director-General of NIMASA, Dr Dakuku Peterside, a Strategic Management Professional, said the Outlook and Forecast for the Nigerian Maritime Sector covering 2018 and 2019 would, when published, include a review of developments in the Nigerian Maritime Industry in 2017; expected international and local developments in policy and regulatory environment for the Maritime sector in 2018 and 2019; and emerging opportunities and challenges – Implications for the Maritime Industry.

Peterside highlighted benefits derived by the nation’s maritime industry in 2017 which placed operators at an advantaged position to include the following areas: Synergistic benefit accruable from Infrastructural reforms in transport sector; Maritime Security Architecture; Presidential Order on Ease of Doing Business; Fight against crime in the Niger-Delta Region; and Rebounding of the economy.

(Maritime Security Architecture and Infrastructure): it is a scheme that is jointly coordinated by NIMASA, National Security Adviser and Federal Ministry of Transport and strategically supported by the Nigerian Navy in partnership with relevant governments / organizations in the West African Sub-region for effective policing of the Nigerian waters and by extension the Gulf of Guinea in order to avoid the spill-over effect of nefarious maritime activities ranging from piracy, sea robbery, oil theft among others that  could happen therein.

(Synergistic benefits): is an effect arising between two or more agents, entities, factors, or substances that produce an effect greater than the sum of their individual effects. The management arithmetic answer/effect of Synergistic benefits is 1+1=3 not 2.

 (Synergy effects):  are often called “synergistic benefits”, and are direct and implied results of the developed/adopted synergistic action.

(Executive Order): is a rule or order issued by the president to an executive branch of the government and having the force of law.

(Ease of Doing Business): Is ranking of economies on their ease of doing business, from 1–190. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

(Economic rebound): means that economic activity has increased from lower levels, such as the bounce back following a recession.

(Maritime security) is concerned with the prevention of intentional damage through sabotage, subversion, or terrorism. Maritime security activities cover Port security; Vessel security; and Facility security.

Peterside said,Whilst the Oil Sector remains one of the pillars of the Nigerian Economy and is a catalyst for measuring our economic growth, the success of this sector is dependent on the Maritime Sector which continues to play a strategic role in the Economy of the Country.

“A number of factors have contributed to the gradual growth that we have recorded such as the receding crime in the Niger Delta region; the Deep Blue Scale Up of our Maritime Security Architecture is addressing the immediate challenges in this area and is aimed at suppressing the emerging threats on our waters.

“Government’s commitment through initiatives such as the Presidential Order on Ease of Doing Business continues to yield positive results in our Ports. The on-going Infrastructural reforms in the transport sector are all indicators that we are walking in the right direction.”

Recall that NIMASA DG had in December 2017 promised to publish Nigeria’s Maritime Industry Outlook for the 2018/ 2019 before the end of the 1st Quarter of 2018.



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