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NIMASA generate N22.9bn in 2018, proposes N112.1bn for 2019 Budget



NIMASA generate N22.9bn in 2018, proposes N112.1bn for 2019 Budget

The Nigerian Maritime Administration and Safety Agency (NIMASA) says it generated over N22.9 billion to the consolidated revenue fund in 2018.

According to the Director General of the agency, Dr Dakuku Peterside, this is the highest ever contribution coming from NIMASA from it inception till date.

Peterside, who disclosed this when he appeared before the Senate Committee on Marine and Transport in Abuja, said NIMASA proposed N112.1 billion for the 2019 fiscal year.

“In the year under consideration, NIMASA expects that our total budgeted revenue will be N112.1 billion. That’s the total budgeted revenue for 2019.

“Out of this total budgeted revenue, on personnel emolument, we proposed to spend N20.1 billion.

“Overhead will account for N24 billion. For capital expenditure, which will be basically to fund ongoing maritime projects, it will cost N17. 6 billion.

“And for the maritime fund projects, it will cost N71.01 billion.

“Mr Chairman, distinguished senators, our contribution to the consolidated revenue fund has consistently been on the increase in the past few years.

“In 2018, we contributed a total of N22. 9 billion. This is the highest ever contribution coming from NIMASA from it inception till date.

“It will interest the distinguished senators to know that in the past three years, our contribution to the consolidated revenue fund has surpassed every known record before now,” he said.

He said the agency, in the year 2019, would be focusing on closing out all ongoing projects.

“We will also pay special attention to maritime safety as we prepare for the IMO elections,” he said.

The agency boss said NIMASA would continue to give priority attention to maritime security which has been a challenge for some time.

“We are prioritising our interventions under a programme called the Deep Blue Project which was conceptualised to provide an integrated national surveillance and waterway protection solution with a command and control infrastructure in the country which will see us purchasing a number of special mission aircraft, helicopters for intervention, armoured vehicles for intervention, etc,’’he said.

Peterside told the committee that the agency did not want the country to be known as hot spot of piracy ”which is the challenge we are facing now.”

“So we are paying very serious attention to the area of maritime security,” he remarked.

As part of its effort, he said the agency would host a global conference on maritime security in the country in October to get the world to focus on the Golf of Guinea.

Peterside, who thanked the House of Representatives for the passage of Suppression of Piracy Act, called on the Senate to also follow suit.

Responding to a question by Sen. Ohuabunwa Mao (PDP-Abia) on why the agency plans to generate N16 billion to the consolidated revenue fund in 2019, Peterside said “nobody has control over issues of security and emergency.

“We are devoting a lot more attention than normal to the issue of maritime security,” he said.

He noted that though the N16 billion is only a projection, the agency would spend some of the funds generated to tackle maritime security.

“As we raise more revenue, we contribute more if we raise less, we will contribute less,” he said.

After about two hours’ drill by the lawmakers, the Chairman of the committee, Sen. Ahmed Sani, lauded the presentation and wished the agency success in its mandate.

Taiye Agbaje: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]

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