The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said that as part of the measures to enhance its revenue drive, NIMASA will focus its attention on the $8 billion (N2.88 trillion) maritime component of the Oil and Gas sector in 2018, THISDAY reports.

Dakuku stated this on Tuesday while unveiling the 2018/2019 maritime industry forecast , the first time in the history of the industry a forecast to reposition the sector was being showcased. He disclosed that five bills amongst others, affecting the maritime industry will enter into force in 2018, one of which is a bill for the establishment of the Nigerian Marine Development Bank.

The other bills currently undergoing legislative processes at the National Assembly are: the Anti-Piracy Bill, Inland Fisheries Act (Amendment) Bill 2017, the Deep Offshore and Inland Basin Production Sharing Contract (Amendment) Bill 2016 and the Carbotage Act (Amendment) Bill 2017. He said the Nigerian maritime industry was projected to grow by 2.5 – 5 per cent within the period of 2018-2019, further adding that there will be a projected increase in demand for maritime services in Nigeria during the period.

Source: This Day

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