NISA says NIMAREX will hold first quarter of 2024; vows to discontinue foreign dominance in shipping

NISA says NIMAREX will hold first quarter of 2024; vows to discontinue foreign dominance in shipping


Segun Oladipupo

The Nigeria Shipowners Association (NISA) has bowed to discontinue the era of foreign dominance on the Nigeria’s waters

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The foremost ship owners group added that it would engender a mechanism that will enhance and promote local content.

Secretary of NISA, Otunba Olawale Jubril disclosed this in a chat with Daily Focus, recently.


The indigenous Shipowners also stated that it would ensure a robust working relationship with President Bola Ahmed Tinubu-led federal government to promote shipping trade in the country.

To ensure workability of the Cabotage Act, the NISA scribe maintained that the association would engage the government and parastatals under the Federal Ministry of Transportation and the Minister for the indigenous operators to benefit from the Jones Act.

He further urged the government to look inward and explore the maritime industry’s potentials, even as he expressed optimism that shipping sector in line with the mandate of the Cabotage Vessels Financing Fund (CVFF) will create more business opportunities for Indigenous operators.

On the progress recorded so far under the new administration of NISA executives, aside the commissioning of a benefitting secretariat in the heart of Apapa, Lagos, Jubril also hinted the Nigerian Maritime Expo also known as NIMAREX would hold in the first quarter of 2024, assuring that the association  is awaiting the appointment of a new minister before further modalities would be put in place to host a successful expo.

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On the aggrieved members who are no longer part of the Association, the secretary enjoined them to come back and support the executives of NISA to help tackle some the challenges affecting ship owners in Nigeria.

He further expressed hopes that the nation’s maritime industry will perform better under the new administration of President Bola Ahmed Tinubu


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