THE DIRECTOR GENERAL’S WELCOME ADDRESS AT THE PUBLIC PRESENTATION OF NIGERIA’S MARITIME INDUSTRY FORECAST FOR 2018 AND 2019 BY THE NIGERIAN MARITIME ADMINISTRATION AND SAFETY AGENCY ON TUESDAY 27TH FEBRUARY, 2018 AT THE EKO HOTEL & SUITES, VICTORIA ISLAND, LAGOS.
I feel very honoured and delighted to welcome you all here today and thank you specially for honouring our invitation to be part of the public presentation of Nigeria’s Maritime Industry forecast by NIMASA.
This event coincides with the release today of the Country’s GDP growth figures in 2017 by the National Bureau of Statistics (NBS) confirming Nigeria’s exit from recession, a positive indicator that Nigeria’s economy is rebound for growth in 2018 and beyond.
This is our first attempt at presenting a Nigerian Maritime Industry forecast and a fulfilment of our promise at the end of 2017 to publish not later than Q1 2018, the Outlook and Forecast for the Nigerian Maritime Sector covering 2018 and 2019. When unveiled the Outlook publication will include:
- A Review of developments in the Nigerian Maritime Industry in 2017;
- Expected International and Local developments in Policy and Regulatory Environment for the Maritime Sector in 2018 and 2019;
- Emerging Opportunities and Challenges – Implications for the Maritime Industry.
Whilst the Oil Sector remains one of the pillars of the Nigerian Economy and is a catalyst for measuring our economic growth, the success of this sector is dependent on the Maritime Sector which continues to play a strategic role in the Economy of the Country.
A number of factors have contributed to the gradual growth that we have recorded such as the receding crime in the Niger Delta region; the Deep Blue Scale Up of our Maritime Security Architecture is addressing the immediate challenges in this area and is aimed at suppressing the emerging threats on our waters.
Government’s commitment through initiatives such as the Presidential Order on Ease of Doing Business continues to yield positive results in our Ports. The on-going Infrastructural reforms in the transport sector are all indicators that we are walking in the right direction.
As a Regulator, we are driven by Values and Commitment, as these are the only ways that Investors can be attracted to harness the great potentials in our Maritime Sector. We will continue to work out incentives and maritime sector specific interventions to attract investment.
I Welcome You All.
Dr. Dakuku A. Peterside