The Nigerian Maritime Administration and Safety Agency (NIMASA) is to attain N560 billion revenue for the year 2025.
Director General of NIMASA, Dr. Dayo Moboreola, announced this on Thursday during the agency’s budget defence before the National Assembly Joint Committee on Finance in Abuja.
Dr. Moboreola said “It represents an increase from last year’s projection, and with the mechanisms we have in place, we are confident of achieving it.”
The DG emphasised that NIMASA’s focus extends beyond revenue generation, underscoring its role as a regulator ensuring security and safety in Nigeria’s maritime sector.
He noted that Nigeria has recorded no incidents of piracy in its waters over the past three years, a milestone recognized by the International Bureau of Maritime and the global maritime community.
“Our efforts have created safety and security not only within Nigerian waters but across the Gulf of Guinea,” he stated.
Dr. Moboreola credited this achievement to the unwavering support of the Ministry of Marine and Blue Economy, led by the minister, Boyega Oyetola.
The DG expressed gratitude for the ministry’s support in areas such as regulation enforcement, funding, and capacity building.
“With the ministry’s backing, we’ve maintained piracy-free waters, ensured high-seas safety, and established an effective regulatory framework,” he added.
Dr. Moboreola also highlighted NIMASA’s dedication to capacity building through initiatives such as the Seafarers Development Programme (NSDP), which trains cadets locally, reducing the need for foreign exchange and strengthening the domestic maritime workforce.
