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National Security: NIMASA seeks sustained security of vessels on waterways

Director General, NIMASA, Dr. Bashir Jamoh, on Thursday took his campaign for sustained security of vessels on Nigerian ways to the Chief of Defense Staff, General Lucky Irabor, saying that the removal of War Risk Insurance Premium on Nigerian-bound vessels (and their cargo) is premised on the sustained security of merchant shipping in Nigerian Waters and the greater Gulf of Guinea region. 

“We must continue this collaboration to ensure that the gains in recent times regarding the reduction of piracy results in the removal of war risk insurance premium”, he stated 


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Similarly, Director General of NIMASA, Dr. Bashir Jamoh said the agency already has a total of $350million as its contributions to the Fund while the Primary Lending Institutions, PLIs and local ship owners that want to benefit from Fund will contribute 35 percent and 15 percent respectively so as to acquire the targeted number of vessels.


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