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House of Reps Approves $360M CVFF Disbursement

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The Nigerian Maritime Administration and Safety Agency (NIMASA) has received approval from the House of Representatives to disburse the $360 million Cabotage Vessel Finance Fund (CVFF) to qualified Nigerian shipowners.

 

The decision was reached following an investigation chaired by Hon. (Barr.) Legor Idagbo.

 

In its report, the committee acknowledged that due process had been followed in the planned disbursement of the CVFF.

 

The fund, established in 2003 by the Coastal and Inland Shipping Act, aims to develop indigenous ship acquisition capacity and provide financial assistance to Nigerian shipping operators.

 

During the investigation, NIMASA and the Ministry of Transportation were requested to provide detailed information on the total amount accrued to the fund and the disbursements made since its inception.

 

Osagie Edward Assistant Director, Public Relations, NIMASA disclosed this in a press statement dated June 2, 2023.

The report reads “The Committee requested the Nigerian Maritime Administration and Safety Agency and the Ministry of Transportation to provide detailed information on the total amount accrued to the Fund and disbursements since inception.

 

“The Committee met with the Minister of Transportation and the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) on Thursday, 11 May 2023 to find out about the details concerning the matter.

 

“After a thorough analysis of the various submissions, coupled with the explanations given by the Ministry and NIMASA, the Committee discovered that due process was followed in the planned disbursement of the Cabotage Vessel Finance Fund.

 

“The Committee notes that the Cabotage Vessel Finance Fund (CVFF) is a fund that was set up in 2003 by the Coastal and Inland Shipping Act. The fund was established to develop indigenous ship acquisition capacity and to provide financial assistance to indigenous shipping operators.

 

“The Committee further notes that there is a lack of capacity amongst indigenous/ Domestic Coastal operators in Nigeria, thus the reason Nigerian National Petroleum Corporation Limited (NNPC) still awards contracts to foreign shipping companies in contravention of the Cabotage and Nigerian Oil and Gas Industry Content Development (NOGICD) Acts. Some of these awards have been previously investigated by the Committee, which led to their cancellation.

 

“It was also discovered that the total funds of $360m in the Cabotage Vessel Finance Fund (CVFF) account with the Central Bank of Nigeria (CBN) represents 50%, while the remaining counterpart funds of 50% is from stakeholders and banks, which is 15% and 35% respectively”.

 

The committee commended the NNPC for its commitment to awarding shipping contracts to indigenous companies that have demonstrated the capacity to execute them successfully. This move aligns with the objectives of the Cabotage regime promoted by NIMASA.

 

Dr. Bashir Jamoh, the Director General of NIMASA, expressed gratitude to the House of Representatives for their interest in verifying the due process followed by the Agency.

 

He emphasized that NIMASA remains committed to transparency in all aspects of its operations and expressed optimism that the NNPC’s decision to prioritize indigenous companies would strengthen the Cabotage regime.

Dr. Jamoh also called for increased stakeholder support, highlighting that the CVFF has the potential to benefit more Nigerians, contribute to the growth of per capita income and the Gross Domestic Product (GDP) through the development of the maritime industry.

 

The disbursement of the CVFF to qualified Nigerian shipowners marks a significant milestone for the implementation of the Cabotage regime and is expected to bolster the indigenous shipping sector in Nigeria, fostering economic growth and enhancing national capacity in the maritime industry.

Maritime

Anchored in Partnership: IMO Secretary General’s Visit Rekindles Nigeria’s Maritime Ambition

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In a visit that underscored unity of purpose and the power of collaboration, the Secretary-General of the International Maritime Organization (IMO), Mr. Arsenio Dominguez, engaged with Nigeria’s leadership to strengthen maritime partnerships, deepen capacity, and reaffirm the country’s rising influence in global maritime affairs. His engagements, from his courtesy visit to President Bola Ahmed Tinubu, GCFR, to his tours of key maritime infrastructure and the Institute of Maritime Studies at the University of Lagos, among others; the engagements reflected a renewed momentum in Nigeria’s blue economy journey.

In this article, Oluwafemi Kumuyi highlights the importance of this visit and its implications for the future of Nigeria’s maritime sector.

“No man is an island,” goes the old saying; a reminder that progress, whether personal or institutional, is rarely achieved in isolation. Every thriving system is built on the strength of its partnerships, the alignment of shared visions, and the willingness to work together for common good. This principle sits at the core of United Nations Sustainable Development Goal 17: Partnership for the Goalswhich emphasizes collaboration as the cornerstone of sustainable development. It is in this spirit that the recent visit of the Secretary-General of the International Maritime Organization (IMO)Mr. Arsenio Dominguez, to Nigeria took place; a visit that underscores the importance of partnerships in driving the nation’s maritime ambitions and deepening global cooperation within the blue economy space.

Accompanied by the Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dayo Mobereola; the IMO Secretary-General was warmly received by the Honorable Minister of Marine and Blue Economy; His Excellency Adegboyega Oyetola, CON, whose leadership continues to steer Nigeria’s Blue Economy sector towards operational excellence and global relevance. His itinerary was a carefully woven tapestry of engagements; from high-level discussions with President Bola Ahmed Tinubu, GCFR, to tours of strategic maritime infrastructure and educational institutions, all reflecting Nigeria’s steady and deliberate march toward a more vibrant and globally competitive maritime sector.

During his courtesy call on the Nigerian President, both leaders explored new frontiers of partnership aimed at strengthening Nigeria’s aspiration to stand among the world’s foremost maritime nations. Their discussions, anchored on shared values of safety, sustainability, and innovation, reflected the strong alignment between Nigeria’s Blue Economy agenda and the IMO’s global mission of ensuring safer seas and cleaner oceans.

Interestingly, Dominguez’s tour of strategic maritime facilities further brought Nigeria’s growing capabilities into the spotlight. A major highlight was his visit to the NNS Lana, the Nigerian Navy’s purpose-built hydrographic and oceanographic research vessel. The NNS Lana, a 60-metre marvel of marine engineering, is equipped with sophisticated multi-beam echo sounders, side-scan sonar, and advanced oceanographic sensors. It serves as a vital tool for hydrographic surveying, seabed mapping, and environmental monitoring, all of which contribute significantly to safer navigation and maritime environmental protection.

At the NIMASA C4i Centre, Mr. Dominguez witnessed a live demonstration of how technology and strategy converge to safeguard Nigeria’s waters. The Centre, an acronym for Command, Control, Communication, Computer, and Intelligence, serves as the heartbeat of Nigeria’s maritime security architecture. Integrated with radar stations, coastal cameras, and satellite feeds, it provides real-time surveillance and enables rapid response to maritime incidents. Operated under the Deep Blue Project, the C4i Centre stands as a testament to Nigeria’s unwavering commitment to combating piracy, illegal fishing, smuggling, and other maritime crimes across the Gulf of Guinea.

To further demonstrate operational readiness, the delegation visited the Ojo Cantonment, where a simulation exercise vividly showcased the seamless coordination between NIMASA’s Deep Blue assets and the Nigerian Armed Forces. The synchronized display of air, land, and sea platforms working in unison underscored the effectiveness of Nigeria’s multi-agency approach to maritime security, a model that has contributed significantly to the remarkable reduction of piracy incidents in recent years.

In continuation of his engagements, Mr. Dominguez held an interactive session with Nigerian seafarers, a rare and valuable opportunity for the nation’s maritime workforce to share their experiences, challenges, and aspirations directly with the IMO’s top leadership. The discussions covered key issues such as certification, welfare, training, and global employability of Nigerian seafarers. Mr. Dominguez commended their resilience and professionalism, averring that the heart of global shipping beats through the dedication of seafarers.

He encouraged Nigerian seafarers to continually upgrade their skills and competencies in line with evolving international standards, while reiterating the IMO’s commitment to promoting fair treatment, mental well-being, and equal opportunities for all maritime professionals.

Interestingly, during his tour, he visited the Institute of Maritime Studies (IMS) building at the University of Lagos, a project sponsored and delivered by NIMASA. The establishment of the institute marked a significant milestone in Nigeria’s long-term vision to strengthen maritime education, bridge capacity gaps, and empower a new generation of professionals equipped to drive the nation’s Blue Economy forward.

Speaking during the visit, Honourable Minister of Marine and economy, His Excellency Adegboyega Oyetola, CON, described the maritime sector as Nigeria’s next frontier of opportunity in a post-oil era. “With a 200-nautical-mile Exclusive Economic Zone (EEZ), 853 kilometres of coastline, and over 10,000 kilometres of inland waterways, Nigeria is strategically positioned. It is time to unlock the full potential of the maritime sector, and that starts with building local capacity,” he stated.

The Minister further emphasized that maritime education must be at the heart of Nigeria’s development strategies, given the sector’s vast potential to generate foreign exchange, create jobs, and drive sustainable economic transformation. He also urged Nigerian youths to embrace maritime careers, noting that the government and its partners have laid a solid foundation for a prosperous and globally competitive Blue Economy.

For the IMO Secretary-General, the initiative resonated deeply with the organization’s own goals of inclusivity and sustainability in maritime governance. “The maritime sector is an incredible one with boundless opportunities. Bringing maritime into universities like UNILAG connects students directly with the industry. It’s how we attract and equip the next generation of maritime professionals,” Mr. Dominguez noted. He further encouraged students and faculty members to explore the IMO’s e-Learning platform and programmes of the World Maritime University (WMU), affirming that knowledge remains the strongest anchor of maritime progress.

In his remarks, the Director-General of NIMASA, Dr. Dayo Mobereola, expressed pride in NIMASA’s commitment to supporting educational development. “This Institute is a strategic investment in Nigeria’s maritime future. We are proud to support the University of Lagos in shaping a new generation of professionals who will drive the sector forward,” he stated. The commissioning ceremony not only celebrated infrastructure but symbolized a deeper commitment to learning, innovation, and long-term capacity building. The interaction between Mr. Dominguez and the students of the Institute served as a bridge between aspiration and opportunity, between local vision and global relevance.

Ultimately, the visit of Mr. Arsenio Dominguez reaffirmed what Nigeria has long stood for; that progress in the maritime domain thrives on partnerships built on trust, shared purpose, and sustainable values. From technology to education, and from diplomacy to security, his engagements showcased the multi-dimensional strength of Nigeria’s maritime ecosystem; one that continues to evolve under the visionary coordination of the Federal Ministry of Marine and Blue Economy.

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Under the leadership of the Honourable Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola, CON, and the strategic direction of NIMASA under Dr. Dayo Mobereola, Nigeria is repositioning its maritime narrative, from reactive to proactive, and from potential to performance. Every new investment, whether in education, safety, infrastructure, or environmental stewardship, represents a deliberate stride toward unlocking the nation’s vast maritime potential and reaffirming its status as Africa’s maritime hub.

As the tide of global collaboration continues to rise, one message resounds clearly; Nigeria is ready to lead, not merely as a beneficiary of international partnerships, but as an equal player in shaping the future of global maritime governance. Anchored in partnership, powered by vision, and sailing with purpose, Nigeria is confidently charting a course toward a sustainable blue future.

Oluwafemi Kumuyi; An Assistant Chief Public Relations Officer with NIMASA, writes from Lagos. 

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Maritime

Gale of Promotions at NIMASA

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These are days of joy for employees of the Nigerian Maritime Administration and Safety Agency (NIMASA) with promotions running across levels for many.

This was detailed in a statement in Lagos by Deputy Director/Head, Public Relations, Osagie Edward.

The statement reads, “The Governing Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) has approved the promotion of nine Deputy Directors to Directors. In addition, the Board approved the promotion of 30 Assistant Directors to Deputy Directors, 35 Chiefs to Assistant Directors, and ratified the promotion of 169 other staff members from one grade level to the next grade level.

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“The newly appointed Directors include the Coordinator, Abuja Liaison Office, Mrs. Moji Jimoh; Director Internal Audit, Dr. Odunayo Ani;  Special Adviser to the DG, Mrs. Nneka Obianyor; Director Procurement, Mrs. Biodun Fatade; Dr. Oma Ofodile; Ms. Gloria Anyasodo; Mr. Abdulahi Yelwa; Umar Buba and Mr. Umar Ibrahim Sidi.

“While congratulating the newly promoted officers, the Director General of NIMASA, Dr. Dayo Mobereola, reaffirmed Management’s commitment to staff welfare and a transparent, merit-based career progression system.

“He charged the beneficiaries to rededicate themselves to excellence in service delivery.

“Our administration is committed to improved staff welfare. This promotion exercise is strictly merit-based, and we expect staff to reciprocate by rededicating themselves to higher productivity. We will continue to prioritize staff welfare, while counting on your commitment to the ideals of the Agency in helping Management actualize its mandate,” Mobereola stated.

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Nigeria Embraces Eight Codes Of Maritime Labour Convention Amendments (MLC 2006)

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Nigeria has endorsed the amendments to eight codes of the Maritime Labour Convention (MLC) 2006.

The amendments include the codes related to the protection of seafarers against discrimination, identification of seafarers as key workers, enhanced access to shore based welfare for seafarers, and the code on shipboard violence, harassment and bullying, accommodation and recreational facilities onboard.

The Honorable Minister of Marine and Blue Economy, Adegboyega Oyetola, who led Nigeria’s delegation to the 5th ILO special Tripartite Committee meeting in Geneva Switzerland, emphasized Nigeria’s commitment to the welfare, rights, and protection of seafarers.

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The Minister, who was represented by the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, commended the International Labour Organisation (ILO) for fostering dialogue on maritime labour standards.

The NIMASA DG reiterated Nigeria’s dedication to ensuring decent working and living conditions for seafarers, noting the recently approved minimum wage in line with ILO standards.

Dr. Mobereola also used the platform to reinforce Nigeria’s bid for election to Category C of the International Maritime Organization (IMO) Council during the upcoming elections scheduled for November/ December this year. He stated that Nigeria’s inclusion in the Council would strengthen Africa’s representation and voice in shaping international maritime policies that promote fair labour practices, environmental sustainability, and technical cooperation.

The Special Tripartite Committee comprises representatives from countries that have ratified the MLC 2006, and mostly from Maritime Administrations who also attend IMO meetings.

It was gathered that this is the very first time Nigeria is widening the scope of its campaign to engage strategically with relevant international agencies.

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