NIMASA advocates removal of War Risk Insurance on Nigerian vessels.

...As Jamoh lauds zero Piracy Incidents In Gulf of Guinea In Q2

By Ezurike Ugochukwu

The Nigerian Maritime Administration and Safety Agency (NIMASA), has advocated the removal of War Risk Insurance on Nigerian bound vessels.

The Director General NIMASA, Bashir Jamoh, while addressing newsmen recently said the agency will focus on creating awareness, while also solicit the international community’s review of the high freight rate occasioned by the War Risk Insurance placed on Nigerian bound vessels.

The DG however expressed relief that the agency hasn’t recorded incident of piracy in the Gulf of Guinea (GoG), in the second quarter of 2022.

The NIMASA boss said, “it may interest you to know that by the end of this quarter, which is the end of June, we would have recorded another milestone as we are yet to record a single attack or incident of maritime insecurity on our waters. Therefore, we will keep advocating for the total removal of War Risk Insurance by the international community, so that Nigerians can benefit from that,”Jamoh stated.

NIMASA automation processes he affirmed have reached over 80 percent, stating that it’s commitment to automation is to reduce human interface, while also plugging revenue leakages in the system.

“In line with the Federal Government’s Executive Order on Ease of Doing Business, we are committed to full automation to attain reduction of human interface in majority of our transactions with our stakeholders and this is in our bid to ensure transparency and professionalism which the sector requires to grow. The goal is to align with the National Single Window initiative, when all the internal processes of the various Agencies have been concluded”, he said.