By Barnabas Esiet.
The Nigerian Maritime Administration and Safety Agency (NIMASA) has emphasized the importance of adopting the Public Private Partnership (PPP) model to drive infrastructural development in the maritime sector.
Dr. Dayo Mobereola, Director General of NIMASA, made this assertion during a meeting with Dr. Jobson Oseodion Ewalefoh, Director General of the Infrastructure Concession Regulatory Commission (ICRC).
Mobereola noted that the maritime sector is capital-intensive, and government funds alone cannot provide the required infrastructure.
He stressed the need for ICRC to develop PPP-based business models that will attract private investors from within and outside Nigeria. Streamlining processes through technology is also crucial to ensure effective and efficient service delivery.
Ewalefoh supported Mobereola’s stance, highlighting the maritime sector’s significance to Nigeria’s economy.
The PPP model, he said, will bring in funding and expertise from the private sector, accelerating the sector’s growth. ICRC is ready to engage with NIMASA to ensure timely project execution.
“There’s no time to waste; our country needs infrastructure funding, and we must create an enabling environment. Service delivery, not revenue generation, is key. People will pay for quality services,” Ewalefoh emphasized.
The PPP model has proven successful globally in driving government policies for development and economic growth.
NIMASA, as a regulatory agency, has consistently embraced collaboration and partnership through PPP to boost the maritime sector.
The adoption of the PPP model is expected to bring numerous benefits to the maritime sector, including increased funding, expertise, and efficient service delivery.This, in turn, will drive economic growth and development in the sector.
ICRC plays a critical role in developing PPP projects, including creating business models, ensuring timely project execution, and providing a regulatory framework.
The partnership between NIMASA and ICRC is a significant step towards transforming Nigeria’s maritime sector.
With ICRC’s support and NIMASA’s commitment, the sector is poised for remarkable growth and development.
NIMASA’s commitment to PPP is evident in its consistent collaboration with stakeholders to ensure the growth and development of the maritime sector.
The agency recognizes the importance of private sector participation in driving development and economic growth.
As Nigeria’s maritime sector continues to evolve, the adoption of the PPP model is expected to play a vital role in its transformation.
With the combined efforts of NIMASA, ICRC, and private sector stakeholders, the sector is on the path to becoming a major contributor to Nigeria’s economic growth.
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