The Nigerian Maritime Administration and Safety Agency (NIMASA) has reinforced its commitment to accountability, enhanced performance, and sustained growth in Nigeria’s maritime sector with the signing of its 2026 Sectoral Performance Bond, supervised by the Honourable Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola.
Director General of NIMASA, Dr. Dayo Mobereola, described the Performance Bond as a critical governance tool designed to track deliverables, strengthen institutional accountability, and align the Agency’s operations with national priorities.
He noted that the Agency’s ongoing reforms are being driven by strategic leadership and strong ministerial backing, reaffirming NIMASA’s commitment to delivering on its mandate in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu.
On maritime security, Mobereola revealed that Nigeria has recorded zero piracy incidents in its territorial waters over the past four years, attributing the achievement to improved surveillance systems and stronger inter-agency collaboration.
He also disclosed that NIMASA is at an advanced stage of automating its ship registry processes, a move expected to enhance operational efficiency, reduce delays, and boost Nigeria’s competitiveness in the global maritime space.
Providing updates on the Cabotage Vessel Financing Fund (CVFF), the Director General stated that over 60 applications have been received since the portal’s launch in January 2026, assuring that the disbursement process will be transparent and closely monitored.
He further noted that Nigeria has deposited three conventions with the International Maritime Organisation (IMO), while three others are pending approval by the Federal Executive Council, underscoring the country’s commitment to global maritime standards.
He added that Nigeria’s successful election into Category C of the IMO Council in November 2025 has restored its voice in global maritime governance and strengthened its leadership role across Africa.
In his remarks, Oyetola reiterated the federal government’s resolve to leverage the maritime sector as a key driver of economic diversification, job creation, and foreign exchange earnings.
He emphasised that the Performance Bonds are binding commitments that will be rigorously monitored, stressing that “accountability is not optional”.