Saturday, July 13, 2024
NIMASA generates N37.69bn revenue for 2021

NIMASA generates N37.69bn revenue for 2021

by Arikawe Femi
0 comment 3 minutes read

The Nigerian Maritime Administration and Safety Agency (NIMASA) says it generated N37,691,630,450.02 in revenue in 2021.

This was disclosed by its Director-General, Dr Bashir Jamoh, in a press briefing on the agency’s achievements in 2021 in Lagos.

Jamoh also announced that the agency plans to launch a floating dock through a PPP, which would be operational by the first quarter of 2022.

According to him, the consolidated revenue contributed to the federation account in 2020 was N31, 839,917,978.20.


He added that the year 2021 saw the agency paying to the federal government N37,691,630,450.02 and that “this is from levies and other.”


He stated that the agency was responsible for the function of safety, security, and marine environment management issues, citing Flag State implementation, to inspect and survey vessels in accordance with the safety requirements of the Merchant Shipping Act 2007.


“Under that survey, we have what we call a condition survey, which is to ascertain the actual position and condition of our own vessels,” he said. In contrast with the number of vessels surveyed with the flag registration of the previous years, in 2021 we surveyed 489 vessels, which is 43.6 percent higher than the total number of vessels surveyed in 2020, which was 276.

“This indicates the maritime administration’s seriousness in terms of flag state survey, even with the global pandemic issues,” he said.


He also revealed that for port state control implementation, comparing the years 2020 to 2021, it was observed that 2021 recorded 675 vessels, which is 24.2 per cent higher than the total number of vessels inspected in 2020, which was 510 vessels.


The DG also disclosed that for 2022, the agency is focused on strengthening maritime safety mechanisms, organizing stakeholders’ engagement, and increasing revenue contribution, adding that it believes the N37 billion generated is not its milestone alone and that it is working hard to ensure it gets to the “promised land.”


Jamoh disclosed that the agency is launching a floating dock to be operational in the first quarter of 2022 through a public-private partnership (PPP), which would be used for ship repairs.


He said, “The dock will not be solely operated by the government or NIMASA.” We have given it to a public-private partnership.


As usual, the issue of privatisation of any government property goes through processes, and the floating dock is currently undergoing those processes.


The Director General of the Infrastructure Concession Regulatory Commission (ICRC) was here to give us the first certificate, telling us that privatising the modular floating dock is bankable, doable, and profitable.

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