Fidelity bank banner NewsExpress advert
NIMASA woos American investors

By News Express on 05/05/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 586

Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has used the opportunity of attending the Offshore Technology Conference (OTC) currently going on in Houston Texas, USA, to woo American investors.


Speaking on Thursday during a side event at the OTC, which has as theme, “Sub-Saharan African Oil & Gas Networking Session”, Dr. Peterside informed prospective investors of new developments in the Nigerian maritime sector, describing the Nigerian maritime industry as being full of golden opportunities. 

While stating that Nigeria allows income tax exemptions for infrastructural development in ship building, the NIMASA DG noted that there are financial incentives for ship building and ship scrapping with assurance of foreign repatriation of capital and profit.

In his words, “We ensure that we provide the basket of incentives to ensure that you get into the industry, maximise the opportunities in the industry for the benefit of both Nigerians and the investors.”

He stated that the commitment of President Muhammadu Buhari’s administration to ensure a drastic reduction in bureaucratic red tapes impeding investment in the country sees the Vice President, Professor Yemi Osibajo, coordinating the ease of doing business initiative project. Peterside added that the Presidential Enabling Business Environment Council has approved a national action plan to be implemented across priority areas which will enhance entry and exit of goods and services to spur inflow of foreign investment into Nigeria.

While answering questions from journalists shortly after his presentation, the NIMASA DG noted that the Federal Government of Nigeria is working to refloat a national fleet for the country, which process will be private sector driven.

According to him, “You will recall that the Federal Government of Nigeria through the Federal Ministry of Transportation is trying to refloat the national fleet. The difference now is that the private sector will drive the process while Government will serve as facilitator. That is the way we have chosen to address the issue of national fleet ownership.”

Dr. Timothy Okon of the Nigerian National Petroleum Corporation, who delivered the NNPC position at the event, informed that the Federal Government’s gas flare commercialisation programme is on course to attract significant and sustainable growth to the oil and gas sector.

Similarly, Brent Omdahl, a senior commercial officer with the American embassy in Nigeria said that the Donald trump administration is committed to improve on the trade relations between the United States and Sub Saharan Africa by encouraging more American companies to invest in the region. He said they have the mandate to have American investors explore available opportunities in both the oil & gas, and the maritime sector of the economy. He said the commercial department of the United States embassy has the mandate to facilitate seamless platform for American investors to interact with policy makers, and implementers in sub-Saharan Africa.

On his part, the Chairman, Senate Committee on Marine Transport, Senator Sani Yerima, assured that the legislature is committed to providing the legislative framework to enhance foreign investment in Nigeria, particularly, the maritime sector.

This position was re-emphasized by the Chairman House Committee on Maritime Safety, Education and Administration, Honorable Mohammed Umaru Bago.

The OTC is where professionals meet annually to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters. This year’s event is themed “Sub-Saharan African Oil & Gas networking session”, which is seen as an added advantage to attaining ease of doing business in Nigeria, particularly in the maritime sector.

•Photo shows, R-L, The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, Chairman, Senate Committee on Marine Transport, Senator Sani Yerima ,Chairman House Committee on Maritime Safety, Education and Administration,  Honorable Mohammed Umaru Bago and Thomas Chance of ASV Unmanned Marine Systems at the Offshore Technology Conference (OTC) currently going on in the US.

Source News Express

Posted 05/05/2017 12:17:27 AM


Share on facebook Yahoo mail icon Gmail icon Share on Google+



REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...


You may also like...
Mikel’s manager disgraces Segun Odegbami over false cliams...

Deputy Senate Leader, Na’Allah, laments Kebbi boat mishap,...

MTN to list stock on Nigerian Exchange soon...

Serial fraudster docked for land scam

OPEC meets to map out strategies to overcome...

Mrs. Constance Ogbonna: The unforgettable life of a...

National Conference committees begin work Tuesday; 10 committees...

The almighty politicians, By Tola Adeniyi

Global leaders converge on Lagos to discuss effects...

Senator Andy Uba sued in America over unpaid...

Buhari hails D’Tigers, assures of full support ahead...

Jonathan, Ijaw Nation mourn Oronto Douglas


Latest News Scramble for African startups by venture capitalists: Yay or Nay? asks Damilola Faustino The rustication of ’Kunle Adebajo by UI, the ‘University of Intolerance’, By ’Fisayo Soyombo Thunder kills 4 farmers in Abuja MASSOB leader, Uwazuruike, sent to jail US Border patrol chases 5 immigrants to death Rivers LG poll: PDP clears 23 council seats Man kills mother over love affair with her sister Terrorists kill 8 police personnel in Kenya blast APC governors move to prevent convention crisis Southern, Middle Belt leaders allege registration of mercenary voters by INEC EFCC re-opens investigation on N21.7bn power plant project Budget cycle inconsistency hindering economic development – Experts


Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (351,663 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (350,775 views) Shameless Genevieve Nnaji exposes breasts in public (279,643 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (229,634 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (208,750 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,264 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,402 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,478 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,571 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,184 views) Lagos plane crash: Journalist releases victims’ names (143,550 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,416 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,241) Business Verdict (44) Columnists (868) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (503) Features (606) Global Business Monitor (281) International (2,034) Interview (153) Live Commentary (28) Love Matters (123) News (36,280) Opinion (1,003) Pidgin (10) Politics (5,271) Religion (770) Sports (1,549) Stock Watch (30) AMA & Al Jazeera Global Update


CBN banner

Firstmobile banner




Portugal v Spain 2018


APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera