Africa’s maritime economy exploited globally

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside has stated that Africa is ready to engage on equal terms with the rest of the world in the area of maritime businesses.

According to a statement signed on Thursday by the agency’s spokesman, Isichei Osamgbi, the NIMASA DG made this known at the Nor-Shipping 2017 event holding at Lillstrome, Norway from May 29 till June 2, 2017.

“It is high time Africa stopped others from engaging us on their own terms, whether they bring vessels to us or just taking our cargoes; rather all we want is a mutually beneficial relationship where we can give and also receive.

“What we are trying to do is to change the terms of engagement for the rest of the world in terms of maritime businesses. We want to operate on equal terms, not lopsided terms against our own interest, thereby creating room for a mutually beneficial relationship,” the DG averred.

Dr Dakuku further stated that Nigeria’s participation at Nor-Shipping is to say to the world that the country has a lot to offer. “There are lots of opportunities in the maritime administration of Nigeria; we are diversifying our economy, we are the biggest economy in Africa with a vast population, vast coastline of over 800 kilometres, endowed with many natural resources and a good Gross Domestic Product (GDP) amongst others. So if you have to do business in Africa, you must talk about Nigeria,” he said.

Meanwhile, the NIMASA DG who was recently appointed chairman of the Association of African Maritime Administrations stated that part of the initiative to grow the African maritime industry is to rapidly build capacity among nations within the continent.

“If you look at the number of seafarers we have globally, it appears things are lopsided against Africa and the challenge appears to be sea time training, so we are talking about sea time and building capacity,” he said.

He also noted that there are no African fleets; hence the need for nations to develop their own fleets has become inevitable while the terms of trade are being looked into.

In his words, “What is going on is that many other countries of the world just come to Africa to take our cargoes and off they go; please, how can we all operate on the same footage? Africa has something to give hence, they are coming to us, therefore they must engage us on equally beneficial terms.”

culled from