What this means is that for each imported product; for each made-in-Nigeria product manufactured with imported raw materials, Nigerians pay a high price because of the insecurity in the Gulf of Guinea. This has been brought about through the execution of the Deep Blue Project, a collaboration involving the Nigerian Maritime Administration and Safety Agency (NIMASA), the Nigerian military, especially the Nigerian Navy, Nigerian Airforce, Nigerian Army. This is because war-risk insurance on Nigeria-bound goods has remained high, not taking cognizance of the improved state of security in the country waterways. Others are the National Insurance Commission (NAICOM), Nigerian Chamber of Shipping, Nigerian Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA), Nigerian Shippers Council and the Federal Ministry of Trade, Industry and Investment. • Dr. Jamoh is the Director-General and Chief Executive Officer of Nigerian Maritime Administration and Safety Agency

Source: The Guardian July 07, 2021 03:00 UTC