Nigeria’s maritime assets value hits N90trn

Date:

Disclosing this at the monthly meeting of the Port Facility Security Officers (PFSO) Forum of the Lagos maritime security zone, secretary of PFSO, Mr. Ignatius Uche, also disclosed that about $2billion (N310billion) has been generated from the three percent freight levy accruable to Nigerian Maritime Administration and Safety Agency, NIMASA.

Uche disclosed that the assets include investment in ports development, ships, and onshore/offshore oil terminals and other assets. The PFSO scribe said that with about 165 port facilities across the country under the NIMASA, the need for a national maritime security policy cannot be overemphasized.

Thank you for reading this post, don't forget to subscribe!

His presentation entitled, ‘Establishing the relevance of the International Ship and Port Facility Security (ISPS) Code within a sound national security framework’, noted that there was a convergence between the ISPS Code implementation, maritime security and national security. Uche stated: “ISPS Code implementation is a critical component of any nation’s security arrangement and must, therefore, connect with the overall maritime security architecture.

Currently, the nation has no defined national maritime security strategy neither is there an articulated policy to govern the overall maritime activities. This has led to gaps and inefficient maritime security and policing effort.”

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

Popular

More like this
Related

“Two broke people dating should be a crime” – Cynthia Morgan

March 28, 2024. Azonuchechi Chukwu. Nigerian singer, Cynthia Morgan has explained...

Positive Outlook for Nigeria as Interest-Rate Increases Spark Investor Interest

Nigeria Leads Emerging-Market Rebound Amidst Policy ReformsAs the first...

“West Africa’s Cocoa Crisis: Chocolate Prices Soar Amidst Devastation”

Janet Gyamfi, a 52-year-old cocoa farmer from western Ghana,...

Nigeria’s New Mining Licensing Strategy: A Shift Towards Local Processing

Nigeria is shifting its mining licensing process to prioritize...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading