The Nigerian Maritime Administration and Safety Agency (NIMASA) has reinforced its commitment to accountability, performance, and sector growth with the signing of its 2026 Sectoral Performance Bond, overseen by the Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola.
The Director-General, Dr. Dayo Mobereola, described the bond as a key governance tool to track deliverables, strengthen institutional accountability, and align NIMASA’s operations with national priorities.
He highlighted that ongoing reforms are guided by strategic ministerial support and the Renewed Hope Agenda of President Bola Tinubu.
Mobereola reported zero piracy incidents in Nigerian waters over the past four years, attributing the achievement to enhanced surveillance and inter-agency collaboration.
He also revealed plans to automate ship registry processes, streamline efficiency, and improve Nigeria’s global maritime competitiveness.
On financing, NIMASA has received over 60 applications for the Cabotage Vessel Financing Fund (CVFF), with disbursement to be transparent and strictly monitored.
The agency has deposited three conventions with the International Maritime Organization (IMO) and awaits approval for three more, reinforcing Nigeria’s adherence to global maritime standards.
Minister Oyetola stressed that the maritime sector remains central to economic diversification, job creation, and foreign exchange earnings, adding that “accountability is not optional.”
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