• Contact Us
  • About Us
Tuesday, March 28, 2023
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
Home Economy

FG to save $100m annually as NIMASA delivers largest floating dockyard

metro by metro
March 21, 2017
in Economy
0
0
SHARES
0
VIEWS
Dakuku PetersideThe Federal Government is said to save $100 million annually as the Nigerian Maritime Administration and Safety Agency (NIMASA) will soon take delivery of largest modular floating dockyard on the African continent, according to Dakuku Peterside, director general/CEO.
This will be a direct savings from the dry docking of vessels operating in Nigeria, which are mostly done outside the country at the moment. Peterside said the Agency will partner with the private sector to run the dockyard.
He restated the commitment of the agency in collaboration with the supervisory ministry to provide enabling environment for the private sector to thrive.
Speaking at the world press conference in Lagos, Peterside said the agency’s aim is to target 100 percent cabotage compliance in the nearest future, adding that it has been able to achieve 20 percent in building cabotage vessels from a completely foreign denominated era.
He cleared the air of erroneous impression that Nigeria has not made progress with the cabotage regime, saying Nigeria has made a lot of progress.
According to him, before the cabotage regime came into being, less than 12 percent of Nigerians were on board vessels operating in Nigerian waters, today, over 60 percent of workers onboard vessels operating under the cabotage regime are now Nigerians.
“The issue of the cabotage vessels financing fund is one we have taken a critical look at and I can categorically say that we are addressing the issues militating against the fund being fully operational and accessible”, the director general said.
More stories later

Read Also

Amid Naira Scarcity, Nigeria’s Inflation Rate Rises To 21.91%

Reprieve For  Customers Of Banks As CBN Finally Authorizes Use of Old Naira Notes

Suspense As Governor Soludo Says CBN Has Directed Banks To Dispense, Receive Old Naira Notes

Tags: Dakuku Peterside
Previous Post

Senate to investigate Saraki over seized N374m SUV by Customs

Next Post

BREAKING: CBN sustains key interest rate at 11-year high

Related Posts

Amid Tight Monetary Policy Measures, Nigeria’s Inflation Rises To 21.82% 
Economy

Amid Naira Scarcity, Nigeria’s Inflation Rate Rises To 21.91%

March 15, 2023
Godwin Emefiele
Economy

Reprieve For  Customers Of Banks As CBN Finally Authorizes Use of Old Naira Notes

March 13, 2023
Suspense As Governor Soludo Says CBN Has Directed Banks To Dispense, Receive Old Naira Notes
Economy

Suspense As Governor Soludo Says CBN Has Directed Banks To Dispense, Receive Old Naira Notes

March 13, 2023
Why CBN Delaying Compliance With Supreme Court Ruling On Old Naira Notes
Economy

Why CBN Delaying Compliance With Supreme Court Ruling On Old Naira Notes

March 8, 2023
Next Post
CBN

BREAKING: CBN sustains key interest rate at 11-year high

Biggest Strike In Decades Paralyzes  Germany’s Public Transport Network 

Biggest Strike In Decades Paralyzes  Germany’s Public Transport Network 

March 28, 2023
Court Orders Zenith, UBA, Firstbank, Wema To Appear Over N3.4bn OYSG Debt

Court Orders Zenith, UBA, Firstbank, Wema To Appear Over N3.4bn OYSG Debt

March 27, 2023

Benin: Promoting the Restoration of Forests to Foster Sustainable Fuelwood Production and Strengthen Climate Resilience

March 27, 2023
ADVERTISEMENT
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version