Nigerian Maritime Administration and Safety Agency
Nigerian Maritime Administration and Safety Agency

NIMASA Remits ₦16BN Revenue In 10 Months

Yusuf Dotun

The Nigerian Maritime Administration and Safety Agency (NIMASA) has submitted a summation of ₦16bn to the Consolidated Revenue Fund. This amount surpasses the budgeted sum by ₦4bn.

This was made known by the Director-General of NIMASA, Peterside Dakuku, while speaking before the House of Representatives Committee on Maritime Safety, Education and Administration in Abuja.

He stated that the 133% increment was as a result of some procedures implemented by the agency.

While rendering the analyses of the expenditures for the 2019 budget, Dakuku explained that ₦20bn was accounted for personal cost and just ₦15.2bn had been spent. The overhead cost allocated was ₦24bn and only ₦12bn spent out of it.

He also gave details of the capital expenses, fixed at ₦18bn and only ₦1.5bn, that had been spent. The reason for this, as explained by the DG, is because contracts that have been awarded are yet to commence.

The NIMASA boss also disclosed that the agency also disbursed funds worth ₦2.5bn to the Nigerian Maritime University, Okerenkoko, Delta State.

While responding to questions from honourable members of the committee, Peterside Dakuku detailed that NIMASA was focused on making sure that the appraisal of maritime laws existing in the country’s constitution align with the existing mandates of the industry. He added that the executive bills on the modification of maritime laws would be presented to the National Assembly.

Happenings Media