The Director General of the Nigerian Maritime Administration and Safety (NIMASA), Dr Bashir Jamoh, has disclosed that the federal government has granted zero import duty on vessels and ship parts. He stated this at the maiden edition of Nigeria International Maritime Summit (NIMS), explaining that the approval is currently before the Ministry of Transportation and waiting for the official announcement of the development.

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‘When I assumed office as the Director General of NIMASA, I deliberately worked on two incentives for the maritime sector and one of them is fiscal incentives for the shipping industry.

‘Today, the incentive has been granted and I have the memo with me but we are still waiting for the announcement from the Ministry of Transportation, which we believe will happen soon,’ he said.

Chairperson of the NIMS, Barr (Mrs) Mfon Usoro stressed the need to bring all necessary Ministries together in a bid to get them in sync to adopt a holistic maritime national strategy.

She added that a whole government approach to adopt the maritime industry growth is key to attaining the anticipated goals of the shipping sector.

‘How can we have Nigerians who own vessels but choose to use the shipping registries of other nations? This Summit focuses the attention of policymakers, regulators and the industry operators on a critical segment that some consider the substratum for economic growth, the centrepiece for commerce, security and indeed livelihood,’ she said.

Also, former Chief Executive Officer (CEO) of South African Maritime Safety Authority, Commander Tsietsi Mokhele, stressed that Nigeria should pick an area of specialisation within the maritime sector.

 

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