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blue economy

NIMASA Targets Shipbuilding Growth to Boost Blue Economy and Halt Capital Flight

The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its strategic commitment to revitalizing the domestic shipbuilding and shipyard sector. This initiative is a central pillar of the agency’s broader agenda to deepen Nigeria’s blue economy and minimize the significant capital flight associated with foreign vessel procurement and maintenance. The commitment was articulated during […]

Nigeria loses $23bn annually to untapped blue economy, smuggling, weak policies – SEREC

blue economy

Nigeria loses about $23 billion every year to untapped blue economy potential, weak policy implementation, widespread smuggling, and poor enforcement of maritime laws, according to the Sea Empowerment and Research Centre (SEREC). In its policy brief titled “Blue Economy, Broken Promises: Where Are Nigeria’s Maritime Billions?”, SEREC revealed that despite projections by the Nigerian Maritime […]

NIMASA committed to developing blue economy through capacity building – Dakuku

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has reiterated that the Agency remains committed to growing the ideals of the blue economy by bringing to the fore adequate knowledge of the sector in line with the capacity building drive of the Agency. Dakuku who made this known […]