Categories: Business

Wreck removal will open maritime sector to investment opportunities — Amaechi

Minister of Transportation, Rt. Hon. Chibuike Amaechi, recently flagged off the National Wreck Removal exercise in Lagos, with a declaration that the maritime sector was being opened up for great investment opportunities with the exercise. Amaechi extolled the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, for the initiative, saying, “This creative venture of clearing our waters of wrecks and derelicts, apart from guaranteeing better safety of navigation, opens up the prospects of many new investments in the maritime industry.

“This would tremendously help the Federal Government’s economic diversification drive and enhance Nigeria’s standing within the global maritime community.”

The Minister stressed the autonomous status of each of the agencies under the Federal Ministry of Transportation, stating that all the heads of the agencies are appointed on the basis of competence and expertise. He said he would always support imaginative ideas from the Chief Executives.

“It was the NIMASA DG’s idea that we should remove wrecks from our waters,” Amaechi added.

In his own speech, Jamoh said the successful removal of the wrecks and derelicts would restore confidence in Nigerian waters, and eliminate obstacles to smooth, safe, and profitable navigation. He thanked the Minister for pushing the wreck removal idea through the Federal Executive Council (FEC).

NIMASA is charged with the responsibility of ensuring safety and security at sea as well as regulating the maritime industry in line with international laws and conventions, principally, the International Convention for the Safety of Life at Sea (SOLAS) Convention of the International Maritime Organisation (IMO).

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