NIMASA Pushes Shipbuilding, Shipyard Development to Deepen Blue Economy
The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to strengthening Nigeria’s shipbuilding and shipyard development as part of broader efforts to deepen the blue economy and reduce capital flight from the maritime sector.
The agency made this known at a stakeholders’ breakfast meeting themed “Dissecting the Issues, Challenges, and Prospects in the Shipbuilding Segment – Discussing Funding Models, Incentives, and Policy Support for Shipyards Growth.
“The forum brought together industry players to examine structural bottlenecks in the shipbuilding value chain and explore sustainable financing and policy solutions.
Speaking at the event, NIMASA’s Executive Director, Operations, Fatai Taiye Adeyemi, described shipbuilding as a capital-intensive, cyclical and technically demanding sector that requires deliberate policy direction and financial support to achieve sustainable growth.
He was represented by the Director of Marine Environment Management, Oma Offodile.
Adeyemi explained that the engagement was designed to provide a clear assessment of the challenges confronting Nigeria’s shipbuilding segment and to foster consensus on pragmatic funding models, incentives and policy frameworks capable of driving competitive shipyard growth.
“Shipbuilding is a strategic pillar of Nigeria’s maritime and blue economy aspirations. It is capital-intensive, technically demanding and highly competitive, which is why deliberate funding models, targeted incentives, and consistent policies are critical,” he said.
He added that through sustained stakeholder engagement, NIMASA is working to address structural constraints, build local capacity and position Nigerian shipyards for sustainable competitiveness, while also supporting decarbonisation, job creation and Nigeria’s obligations to the International Maritime Organisation
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