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NIMASA hints of end to war risk insurance on Nigeria-bound cargoes

 

 

·    As Shippers’ Council calls for inter-agency synergy in Maritime sector                                                               

By Godwin Oritse

 

Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has stated that a sustained reduction in reported cases of piracy and other maritime crimes in Nigerian waters would end the regime of War Risk Insurance on Nigeria-bound cargoes.

Jamoh disclosed this when he received the Executive Secretary of the Nigerian Shippers’ Council (NSC), Hon. Emmanuel Jime, who led a delegation from the Council on a courtesy visit to NIMASA at the Agency’s headquarters in Lagos.

Jamoh said that the international shipping community had acknowledged the progress made by Nigeria in her quest for security in the Gulf of Guinea, as  confirmed by recent reports by the International Maritime Bureau (IMB).

 

He said the sharp decrease in maritime incidents logged in IMB’s second quarter report was a valuable feedback on the Agency’s campaign for Nigeria’s delisting from countries under the war risk insurance burden, and an indication that the shipping community looked forward to sustenance of the progress made.

According to the Director General, “Feedback on our campaign for Nigeria to be removed from countries paying war risk insurance premium on inbound cargoes has confirmed that the international shipping community is watching developments in Nigeria and the Gulf of Guinea with keen interest. Their desire is to see a sustainability of the positive developments in recent times leading to a drastic decline in piracy attacks in Nigerian waters and the Gulf of Guinea.’’

On his part, Jime called for greater collaboration among relevant government agencies to enable the country derive the full economic benefits of the maritime sector. He commended NIMASA for placing fleet expansion at the heart of her efforts to encourage indigenous participation in the maritime industry.

 

Nigeria News Paper