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NIMASA to unveil 2019-2020 Nigeria Maritime Industry Forecast

Director General of NIMASA, Dr. Dakuku Peterside

The Nigerian Maritime Administration and
Safety Agency (NIMASA) is set to unveil the 2019-2020 Nigerian Maritime
Industry Forecast
, as part of
efforts to boost investors’ confidence in the maritime sector

The projection, the second in the series and an innovation in
the Nigerian maritime industry, will take place in Lagos.
Speaking ahead of the event,
the Director General of NIMASA, Dr. Dakuku Peterside, reiterated the Federal
Government’s determination to diversify the economy, saying the maritime sector
remains a viable alternative in this effort. Dakuku said there was need to keep
stakeholders and investors abreast of trends in the industry to serve as a
The maritime industry is a focal part of the
Nigerian economy and the Federal Government is determined to explore all
opportunities in the sector for economic growth and benefits. To achieve this,
there is a need to collaborate with our stakeholders and make them aware of
global trends in the maritime sector in order to assist them make informed
decisions on business and investment opportunities in the sector,”
DG said. 
Dakuku assured stakeholders
of the determination and commitment of the Agency towards its mandate of
promoting and regulating shipping in the industry. He urged them to join hands
with NIMASA in the effort to realise a robust maritime sector that can compete
favourably with its counterparts in other maritime climes.
The DG disclosed that the
forecast will focus on the core mandates of the Agency, which include Maritime
Safety, Maritime Security, Marine Environment Management, and Shipping
Development. This, he said, is with the ultimate goal of utilising the
opportunities that abound in the maritime sector in line with the concept of
the blue economy, an emerging global concept emphasising better exploitation of
the ocean resources for the preservation of the marine environment.
He noted that the forecast
would be released from a holistic perspective in order to know areas of
advantage that would be of benefit to stakeholders and industry players, both
locally and internationally.
The 2019 Nigerian maritime
industry forecast is a set of predictions based on study of trends and patterns
and it is intended to serve as a guide for investors and stakeholders in the
It would be recalled that at
the first edition of the forecast, the Nigerian maritime industry was projected
to grow by 2.5 – 5% within the period 2018-2019, with a projected increase in
demand for maritime services in Nigeria during the period. 
On the whole, records show that the performance of the maritime
sector in 2018 was unprecedented largely due to the collaborative efforts of
the Agency and relevant stakeholders in the sector.

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