Nigerian Maritime Administration and Safety Agency to Partner BPE to Re-float National Shipping Line

The Nigerian Maritime Administration and Safety Agency (NIMASA) has expressed its willingness to partner the Bureau of Public Enterprises (BPE) to refloat a National Shipping Line. The Director-General of NIMASA, Dr. Dakuku Peterside stated this when he hosted the Director General of the BPE, Mr. Alex Okoh in his office in Lagos.

According to Peterside, shipping to an extent defines the growth trajectory of any nation especially as it relates to seaborne commerce.

Speaking further, he noted that the greatest asset in the maritime space is the vessel itself and if there are no vessels, one cannot be a major player.

“You can only be a major player in name, but in reality, you will not get maximum benefit from trade,” he said.

Peterside disclosed that the only way to guarantee the efficiency and effectiveness of shipping, which will add value to the economy, is through the involvement of the private sector.

Furthermore, he said that the Minister of Transportation, Rotimi Amaechi has initiated a process whereby people from the private sector will pull resources together to float a national fleet, facilitated by the Ministry of Transportation and NIMASA, adding that the process which will enhance the Nigerian Flag is ongoing.

He added that the Ministry of Transportation appointed a National Fleet Implementation Committee, headed by the Executive Secretary of the Nigerian Shippers’ Council (NSC), Hassan Bello, who is also working closely with the agency.

“The emphasis of the Federal Ministry of Transportation is to drive a process where we will refloat the National Fleet, this time with the core investors that will own 49 per cent of the shares, whereas, Nigerian Ship Owners will own 51 per cent of the shares of the firm and the firm will also be given the National Career Status. We are looking at different models, hence the importance of this engagement, so that we can review what has happened over time and choose the best model, ”he said.

Earlier in his address, the Director General of the BPE, Okoh, who commended the strides of the Peterside-led management of NIMASA in repositioning the maritime sector, said the BPE is the agency of government that is responsible for sector reforms and enterprise reforms of the federal government.

He emphasised that businesses are better managed by the private sector and that government has very little to do in business apart from creating an enabling environment for businesses to strive.

Okoh stated that the BPE will be willing to partner NIMASA in the quest to revive the National Unity Line in collaboration with the private sector.

“We have looked at the Nigerian Unity Line and the only tangible asset it is operating license. The license confers on the enterprise certain privileges, deriving from the Cabotage Act and also from the Local Content policy. This can be the foundation for the building block of a virile shipping business in Nigeria,” he said.

He, therefore, called on NIMASA to take a common position with the BPE in realising the privatisation mandate, which will be forwarded to the National Council on Privatization (NCP) as the strategic way forward for handling this particular enterprise.

Source: AsokoInsight

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