Innovative Financing Key to Africa’s Maritime Development, Says NIMASA Chief
Innovative Financing Key to Africa’s Maritime Development, Says NIMASA Chief
Innovative Financing Key to Africa’s Maritime Development, Says NIMASA Chief
– By Daniel Terungwa

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Innovative Financing Key to Africa’s Maritime Development, Says NIMASA Chief

Dr. Dayo Mobereola, the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), has called for innovative financing solutions to drive sustainable development across Africa’s maritime sector.

Speaking at the 7th Association of African Maritime Administrations (AAMA) conference, Dr. Mobereola underscored the critical role of collaboration and investment in shaping the future of maritime activities on the continent.

“Nigeria is fully committed to leveraging technology and innovation to promote safety, security, decarbonization, and marine environmental sustainability,” Mobereola stated. “This conference offers a crucial platform to tackle shared challenges, particularly in areas such as sustainable energy, regional security, and economic growth.”

Dr. Mobereola urged regional and international partners to support Nigeria’s maritime development efforts, emphasizing the importance of technical and financial backing. Highlighting Nigeria’s focus on infrastructure development and digital transformation, he called for global collaboration to enhance maritime safety, security, and sustainability.

“Our goal is to establish innovative financing frameworks and secure international partnerships that can propel Africa’s maritime sector forward,” he said. “By strengthening adherence to frameworks such as the Djibouti and Yaoundé Codes of Conduct, Nigeria is reinforcing its commitment to combating piracy and maritime crime in West Africa.”

The AAMA conference serves as a strategic platform for African maritime stakeholders to build consensus on pressing issues in the sector. Since its inception, the association has fostered collaboration at regional, continental, and international levels, harmonizing policies to address challenges and boost growth.

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Nigeria previously hosted the 3rd AAMA conference in 2017, during which a master plan aligned with the African Maritime Transport Charter was developed. The plan outlined strategies to advance the continent’s maritime agenda and enhance cooperation among African nations.

As discussions continue in Tanzania, the focus remains on forging partnerships, securing investment, and addressing key issues to ensure the sustainable growth of Africa’s maritime industry.

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