Blue Economy
Declining War Risk Surcharge Validates Nigeria’s Maritime Security Gains, Says NIMASA
Declining War Risk Surcharge Validates Nigeria’s Maritime Security Gains, Says NIMASA
Agency intensifies global campaign to end $400m annual drain on Nigerian trade as Deep Blue Project sustains piracy-free record
By Emetena Ikuku | Waterways News Correspondent, Lagos
The gradual reduction in war risk surcharges being applied to vessels calling at Nigerian ports is a direct reflection of the country’s dramatically improved maritime security environment, the Nigerian Maritime Administration and Safety Agency (NIMASA) has said, even as the agency steps up international pressure to achieve the complete abolition of the levies.
NIMASA Director-General Dr. Dayo Mobereola, whose administration has placed the war risk insurance (WRI) campaign at the centre of its maritime reform agenda, made the point while stressing that Nigeria has not recorded a single piracy incident in over three years, and in 2021, the International Maritime Bureau (IMB) officially removed Nigeria from its list of piracy-prone countries.
Despite this milestone, the financial burden on Nigerian trade remains severe. Available figures indicate that Nigeria has paid over $1.5 billion in the past three years alone to Lloyd’s of London, Protection and Indemnity (P&I) insurance, and other foreign insurance firm. At the vessel level, the impact is equally stark: a Very Large Crude Carrier (VLCC) valued at $130 million attracts a WRI surcharge of about $445,000 per voyage, while newer container vessels valued at $150 million face costs of up to $525,000 per voyage.
Deep Blue Record Goes Unacknowledged
NIMASA attributes Nigeria’s clean security record to sustained investment in the Integrated Maritime Security Architecture. The Deep Blue Project has successfully eliminated piracy in the country’s waters for over 30 consecutive months — a record unmatched anywhere in the world.
The IMO has taken note: IMO Secretary-General Arsenio Dominguez has publicly commended Nigeria’s efforts in securing the Gulf of Guinea. In 2023, the International Bargaining Forum (IBF) further validated Nigeria’s progress by delisting the country from the list of high-risk maritime nations. Yet, the agency says, shipowners and underwriters have been slow to translate these verified gains into meaningful premium reductions.
Dr. Mobereola has been direct in his characterisation of the problem. He argued that war risk premiums are not being determined by actual risk levels but by a cartel profiting from the status quo, and that even a decade of zero incidents would not result in reductions unless Nigeria forces the issue.
Surcharges Compound Cost of Trade
The WRI levy is not the only additional cost weighing on Nigerian-bound cargo. Maersk has introduced a transit disruption surcharge of up to $450 per container, while other shipping lines impose a war risk surcharge of $40 to $50 per 20-foot equivalent unit. The compounding effect of these charges falls hardest on importers, freight forwarders, and ultimately consumers. NIMASA estimates that full abolition of the WRI on Nigerian routes could save the country upwards of $400 million annually in unnecessary insurance payments to foreign underwriters.
Diplomatic Offensive Widens
NIMASA has escalated the campaign across multiple international forums. Under the directives of the Minister of Marine and Blue Economy, Adegboyega Oyetola, Dr. Mobereola took Nigeria’s case to international stakeholders, urging them to support the removal of war risk insurance premiums. In a major diplomatic move, he engaged Chatham House, where he met with Dr. Alex Vines, Director of the Africa Programme, who agreed to escalate the matter to the United Nations. The agency has also engaged directly with the world’s leading shipowner and cargo associations — BIMCO, the International Chamber of Shipping (ICS), INTERCARGO, and INTERTANKO — pressing each body to formally recognise Nigeria’s changed security profile and advocate for premium reductions with their underwriting partners.
The responses have been cautiously encouraging. Stinne Taiger Ivo, Deputy Secretary General of BIMCO, acknowledged Nigeria’s progress and stated that shipowners should take the lead in pushing for lower premiums. Zhou Xianyong of INTERCARGO similarly assured NIMASA of support in Nigeria’s campaign to be delisted from war risk insurance premium zones.
Structural Obstacles Remain
Stakeholders caution that diplomatic goodwill alone will not resolve the issue. Security analysts have pointed to procedural anomalies that distort Nigeria’s risk rating in global underwriters’ assessments. Stakeholders argue that routing incident reports through Abidjan instead of the Nigerian Navy delays responses and unfairly worsens Nigeria’s security rating, and that misalignment between Best Management Practices West Africa protocols and Nigeria’s own security procedures distorts the country’s image.
The Head of Research at Sea Empowerment and Research Centre, Eugene Nweke, has lamented that despite reported improvements, high international war risk assessments continue to burden port users. Former NIMASA Director-General Temisan Omatseye has also urged that inter-agency coordination be strengthened, arguing that the Nigerian Navy alone cannot carry the entire security burden and that the Marine Police, Customs, and Immigration must each fulfil their statutory maritime responsibilities.
Nigeria Watch — Analysis for Port Sector Stakeholders
The modest reduction in war risk surcharges now being observed is a positive signal, but the battle for full abolition remains unfinished. For terminal operators, freight forwarders, and shipowners operating on Nigerian routes, the persistence of WRI adds a systemic cost layer that erodes competitiveness relative to other West African hubs. Every container bearing a $40–$50 war risk levy, stacked on top of Maersk’s $450 transit disruption charge, translates directly into elevated landed costs for goods passing through Apapa, Tin Can Island, and Onne.
NIMASA’s strategy — combining diplomatic pressure through Chatham House and the UN, direct engagement with BIMCO and INTERTANKO, and the moral authority of a verified four-year piracy-free record — is structurally sound. The weak link remains the procedural architecture around incident reporting and the continuing misalignment between BMP West Africa and Nigerian Navy protocols, which feed underwriters’ models with data that overstates residual risk. Until those reporting pipelines are fixed, Lloyd’s and the P&I clubs will retain a technical basis for maintaining elevated premiums regardless of the political pressure NIMASA brings to bear.
The broader implication for the port sector is this: a successful outcome would not merely reduce freight costs. It would materially improve Nigeria’s competitiveness as a transshipment and cargo destination, strengthen the economics of the proposed national shipping line, and reduce the dollar outflow from an already pressured foreign exchange environment.
NIMASA’s DG is right that Nigeria cannot win this fight alone — but the agency is assembling the coalition it needs.
Blue Economy
Water Transport Operators Push For Recognition At The Table As FTAN Demands Tourism Policy Reforms
Water Transport Operators Push For Recognition At The Table As FTAN Demands Tourism Policy Reforms
By Okeoghene Onoriobe | Waterways News
Nigeria’s tourism sector needs urgent policy reform, stronger collaboration and fresh investment to compete globally and water transport operators who are members of the Federation of Tourism Associations of Nigeria (FTAN) want that conversation to include the boats, ferries and waterway routes that move millions of Nigerians and could move even more tourists.
That was the underlying idea raised by Comrade Babatope Fajemirokun National President of Waterfront Boat Owners and Transporters Association of Nigeria (WABOTAN) represented by Chief Raymond Gold, National PRO of WABOTAN, at the ninth Nigeria Tourism Investors Forum and Exhibition (NTIFE), held over two days in Abuja under the theme “Tourism Transformation Through Collaboration, Policy Alignment and Investment.” The events took place between Thursday 30 to Friday 31 of July 2026. Waterfront Boat Owners and Transporters Association of Nigeria (WABOTAN), is a corporate member of FTAN
The forum drew policymakers, investors, tourism operators and development partners.
FTAN President Dr Aliyu Badaki used his welcome remarks to press the Federal Government to overhaul tourism-related laws and regulatory frameworks that he said breed duplication, institutional conflict and legal uncertainty for operators. He said the federation’s newly developed Tourism Transformation Mandate (TTM) is meant to unify every segment of the tourism value chain.
Babatope Fajemirokun, through Chief Gold emphasizes the fact that this value chain for Nigeria’s coastal cities, riverine communities and inland waterway corridors, runs directly through water transport.
Badaki argued that fragmented efforts and weak coordination have held back the sector for years, and called for regulation that enables rather than inhibits growth.
Minister of Art, Culture, Tourism and Creative Economy, Hannatu Musawa, who declared the forum open, described tourism as a strategic pillar for economic diversification. She said government cannot finance tourism transformation alone and that private capital must lead, with government’s role limited to creating an enabling environment for investors.
In his keynote address, Sen. Ibrahim Ida called for stronger collaboration among government, the private sector and host communities, saying tourism can generate jobs, foreign exchange and diversification if properly harnessed.
Panel sessions, moderated by Justina Ovat of Calabar Hospitality House Limited, featured Nigeria Tourism Development Authority (NTDA) Director-General Dr Ola Awakan, who called for policy consistency and investor-friendly incentives, and Dr Philip Maga of the National Institute for Hospitality and Tourism (NIHOTOUR), who flagged the need for stronger workforce training to close skills gaps across the hospitality industry.
Hospitality entrepreneur Lanre Balogun urged investors to prioritise disciplined, long-term planning.
Nigeria Watch
For Nigeria’s water transport sector, NTIFE’s reform push is not a side conversation. Rather, it is a direct stakeholder issue. FTAN’s corporate membership includes Waterfront Boat Owners and Transporters Association of Nigeria (WABOTAN) and the Association of Tourist Boat Operators and Water Transporters of Nigeria (ATBOWATON), both drawn from the ranks of operators who run the boats, ferries and water taxis that already serve Lagos’s creeks, the Niger Delta’s riverine towns and coastal leisure routes. Their presence inside FTAN means the federation’s demand for regulatory clarity and coordinated policy carries an inland-waterways and blue-economy dimension that goes beyond hotels and heritage sites.
That matters because water tourism sits at an awkward regulatory junction in Nigeria. A tourist boat operator answers not only to tourism authorities but potentially to NIWA, LASWA (in Lagos) and NIMASA on safety standards, and state government tourism boards, precisely the kind of overlapping jurisdiction Badaki described as breeding “duplication, institutional conflicts… and operational uncertainty.”
The 2026 Supreme Court ruling affirming NIWA’s regulatory authority over inland waterways nationwide, following the NIWA-LASWA jurisdictional dispute, is a live example of the kind of institutional friction FTAN’s Tourism Transformation Mandate is meant to resolve, at least on the tourism side.
Musawa’s call for private capital to lead tourism investment also lands squarely on water transport operators’ desks. Vessel acquisition, safety retrofitting, jetty infrastructure and life-jacket compliance all require capital that small-scale operators, including WABOTAN’s member-cooperative structure, have struggled to access, a gap that echoes the long-running CVFF disbursement failure in the cabotage shipping sector and underscores why financing bottlenecks are not unique to cargo and passenger shipping alone.
If FTAN’s push for policy alignment succeeds in drawing water transport formally into Nigeria’s tourism investment architecture, operators like WABOTAN and ATBOWATON could gain a stronger claim to inclusion in infrastructure programmes such as the Omi-Eko electric ferry project and LASWA’s ferry safety development initiatives, turning routine commuter water transport into a recognised leisure and tourism asset, not just a transportation afterthought.
For a sector accustomed to being regulated but rarely consulted, this call by Babatope Fajemirokun is a modest but meaningful call.
Blue Economy
NIMASA Deepens Seafarer Welfare Push, Signs Off Renewed Mission to Seafarers Collaboration
NIMASA Deepens Seafarer Welfare Push, Signs Off Renewed Mission to Seafarers Collaboration
By Ighoyota Onaibre | Waterways News
The Nigerian Maritime Administration and Safety Agency (NIMASA) has restated its commitment to improving the welfare of Nigerian seafarers, pledging deeper collaboration with the Mission to Seafarers (MtS) as part of ongoing reforms in the sector.
The commitment came as the Director-General, Dr Dayo Mobereola, received a delegation from the Mission to Seafarers at the agency’s Lagos headquarters, led by the Chairman of MtS Lagos, Chief Adebayo Sarumi, alongside the Regional Director for Africa, Reverend Cedric Rautenbach.
Speaking on behalf of the DG, NIMASA’s Executive Director for Operations, Engr. Fatai Taiye Adeyemi, said the agency would continue tightening certification processes, expanding capacity development programmes, and strengthening welfare policies for seafarers both at sea and in port, in partnership with stakeholders such as the Mission to Seafarers.
Chief Sarumi commended NIMASA’s ongoing reforms and expressed confidence that closer collaboration would translate into tangible welfare gains for Nigerian maritime professionals. Reverend Rautenbach, for his part, clarified that while the Mission to Seafarers and Nigeria’s Port Welfare Committees pursue a shared objective which is the the wellbeing of seafarers. The two bodies operate on distinct, complementary mandates, making coordination between them essential to strengthening on-ground support at Nigerian ports.
The meeting covered decent working conditions, welfare service gaps, and areas of mutual collaboration. NIMASA said the engagement aligns with its obligations under the Maritime Labour Convention (MLC) 2006, and forms part of a broader push toward stronger regulatory oversight and stakeholder engagement on seafarer rights.
Nigeria Watch
Beyond the courtesy-visit optics, this meeting lands on a fault line that has dogged Nigerian seafarer welfare for years: fragmented institutional responsibility. NIMASA regulates and certifies; Port Welfare Committees are meant to deliver frontline services at berths; the Mission to Seafarers, a faith-based international NGO, fills gaps neither statutory body always reaches. These gaps are chaplaincy, shore leave support, emergency assistance, and advocacy for stranded or abandoned crew.
Rautenbach’s point about “distinct but complementary mandates” is worth pressing on, because in practice that distinction has often meant duplication in some areas and total absence in others.
Nigerian seafarers have long reported patchy access to welfare facilities at ports like Apapa, Tin Can Island, and Onne. Such reports include inconsistent internet access, poor rest facilities, and slow response to cases of wage default or abandonment by errant shipowners, issues MWUN has repeatedly raised in past CBA compliance disputes.
NIMASA’s MLC 2006 framing is the right one, but enforcement, not policy language, remains the industry’s persistent complaint. If this renewed MtS partnership is to mean more than another photo-op at headquarters, it should translate into a documented, port-by-port welfare service map: which ports have functioning seafarer centres, which Port Welfare Committees are actually active, and where the Mission to Seafarers’ Flying Angel network is present versus where seafarers are effectively on their own.
Nigerian crews calling at their own national ports deserve better than welfare support that depends on which NGO happens to be in town.
NIMASA Bets on Youths to Power Nigeria’s Blue Giant Ambitions
By Okeoghene Onoriobe | Waterways News
The Nigerian Maritime Administration and Safety Agency (NIMASA) has restated that the country’s push to become Africa’s “Blue Giant” will rise or fall on how well it equips young Nigerians for the blue economy, with the agency’s Director-General, Dr Dayo Mobereola, describing youth capacity-building as the engine room of the National Marine and Blue Economy Policy.
Mobereola made the point at the 10th Taiwo Afolabi Annual Maritime (TAAM) Lecture at the University of Lagos, where he was represented by NIMASA’s Director of Reforms Coordination and Blue Economy, Mrs Nneka Obianyor. He linked the agency’s youth agenda directly to President Bola Tinubu’s economic diversification drive, noting that the Minister of Marine and Blue Economy, Adegboyega Oyetola, has directed NIMASA to prioritise skills development and job creation for young Nigerians in the sector.
Director-General of NIMASA, Dr. Dayo Mobereola
To back that up, Mobereola pointed to a cluster of NIMASA programmes already running: the long-standing Nigerian Seafarers Development Programme (NSDP), a newly launched Blue Economy Accelerator Initiative, skills acquisition centres spread across the six geopolitical zones, and the rollout of Institutes of Maritime Studies in select Nigerian universities. He framed these as deliberate interventions meant to build capacity, generate employment, and spur innovation among the country’s youth population.
Separately, NIMASA used the UNILAG engagement to go beyond ceremony, running an interactive session with doctoral and master’s students on shipping development, maritime logistics, cabotage implementation, and maritime labour regulation. The session was led by the agency’s Director of Cabotage Services, Ms Gloria Anyasodo, and was pitched as part of a broader effort to strengthen ties between academia and industry in tackling the maritime sector’s practical challenges.
Nigeria Watch
The optics are good; the test, as always, will be delivery. NIMASA has no shortage of youth-facing initiatives on paper. The NSDP has existed for years, skills centres have been announced before, and Institutes of Maritime Studies have been floated in past budget cycles. What’s new here is the Blue Economy Accelerator Initiative, and it arrives with the same vagueness that has dogged similar rollouts: no disclosed funding envelope, no timeline for the six geopolitical zone centres to be fully operational, and no public framework for how graduates of these programmes are absorbed into shipping, logistics, or cabotage jobs afterward.
That absorption question matters more than any lecture-hall soundbite. Nigeria’s maritime training pipeline, from MAN Oron to the seafarer certification backlog that this publication has tracked, already produces more qualified hands than the domestic fleet and port ecosystem can currently employ. This is a mismatch tied directly to the Cabotage Vessel Financing Fund’s decades-long disbursement failure and the slow pace of indigenous vessel acquisition. Training more youths without fixing that bottleneck simply shifts the frustration downstream, from unemployment to underemployment.
There’s also an accountability gap in how these announcements are made. They are usually made through a lecture delegation rather than a costed policy document. If NIMASA and the Ministry of Marine and Blue Economy are serious about youths driving the Blue Giant ambition, the next disclosure should include enrolment numbers, the accelerator’s funding source, and most critically, the placement data showing how many NSDP and skills-centre graduates have actually found sea-time or shore-based maritime employment. Until then, this remains a well-intentioned promise stacked on top of several older, still-unfulfilled promises.
Oil and Gas5 months agoTantita’s Pipeline Deal: $144m Contract, Rising Output, and the Questions that Deserve Answers
- MARITIME TRADE & SHIPPING5 months ago
World’s Largest Container Ship Sets New Maritime Record with 22,233 TEUs on Single Voyage
- Blue Economy6 months ago
Nigeria’s Coast Guard Bill: A Solution in Search of a Problem?
