Featured
Nigeria Still on Lloyd’s War-Risk List Despite Security Gains, Stakeholders Push for Formal Delisting Campaign
Nigeria Still on Lloyd’s War-Risk List Despite Security Gains, Stakeholders Push for Formal Delisting Campaign
By Okeoghene Onoriobe | Waterways News
Nigeria’s maritime security has improved dramatically over the past four years, yet the country remains on the Lloyd’s Market Association’s Joint War Committee (JWC) Listed Areas, a classification that keeps war-risk insurance costs attached to vessels calling at Nigerian ports.
The gap between Nigeria’s security record and its international risk classification has become a growing point of concern among maritime stakeholders, who argue the country has not done enough to convert its security gains into commercial relief.
Confusion has persisted around Nigeria’s risk status because of a series of earlier, more limited delistings. In March 2023, then Chief of Naval Staff, Vice Admiral Awwal Gambo, announced that Nigeria’s removal from the International Maritime Bureau’s list of piracy-prone countries had helped reduce the risk premiums paid by vessels calling at Nigerian ports. NIMASA separately announced Nigeria’s removal from the International Bargaining Forum’s list of designated risk maritime nations.
Those developments, however, are distinct from the JWC Listed Areas, which is maintained by the Lloyd’s Market Association and used by insurers, brokers and clients to determine whether additional war-risk coverage should apply to a voyage. The JWC does not set premiums directly, but its listings shape how underwriters price risk.
Nigeria remains on that list. The JWC reviewed its listings again in July 2026, with the current list published as JWLA-034. Nigeria featured on the JWC’s March 2026 list alongside Benin, Cabo Delgado, Eritrea, Libya, Somalia, Sudan, Togo and the wider Gulf of Guinea zone.
Nigeria’s security gains have been documented independently. NIMASA reported zero piracy incidents in Nigerian waters in 2025, and the International Maritime Organization’s Secretary-General has credited the country’s progress, describing the Deep Blue Project as a model for regional maritime security cooperation. By May 2026, NIMASA Director-General Dr Dayo Mobereola said Nigeria had gone four consecutive years without a piracy attack, building on an architecture established under the Deep Blue Project during the tenure of former Director-General Dr Bashir Jamoh, which linked NIMASA, the Nigerian Navy and the Nigerian Air Force in a coordinated surveillance and response framework.
Pakistan offers a recent precedent for what a coordinated delisting push can achieve. After nearly 25 years on the JWC list, Pakistan’s territorial waters were removed in July 2026 following a sustained government-led campaign that included direct engagement with Lloyd’s and international insurers. Islamabad said the removal was expected to cut war-risk premiums and shipping costs and improve the competitiveness of Karachi, Port Qasim and Gwadar.
Industry voices are now calling on NIMASA to lead a similar structured campaign, involving the Ministry of Marine and Blue Economy, the Nigerian Navy, the Ministry of Defence, the Ministry of Foreign Affairs, the Nigerian Ports Authority, the Nigerian Shippers’ Council, shipowners, insurers and international shipping associations, backed by a formal dossier of piracy statistics, naval patrol records, Deep Blue Project deployment data, prosecutions and independent assessments from the IMO and other credible bodies.
Nigeria Watch
For inland waterway operators, cooperative boat associations and cargo-side stakeholders who ultimately absorb Nigeria’s cost of doing maritime business, this story is not an abstract diplomatic quarrel but a pocketbook issue. War-risk premiums are not confined to blue-water shipping lines; they filter down through freight rates, cargo charges and, eventually, the price of goods moving through Lagos, Warri, Port Harcourt and beyond. Every extra dollar an underwriter charges an ocean carrier calling at Apapa or Tin Can Island because Nigeria sits on the JWC list is a dollar that, sooner or later, gets passed along the supply chain, including to the cooperative operators and small-scale importers WABOTAN, ATBOWATON and other organized operators represent.
There is also a governance lesson here that echoes the CVFF saga and the NIWA-LASWA jurisdictional wrangling this publication has tracked closely: security investment and institutional coordination on paper do not automatically translate into economic dividends. Nigeria built the Deep Blue Project, sustained four piracy-free years and earned IMO commendation. These are real, hard-won gains. But without a deliberate, well-resourced diplomatic and technical push at Lloyd’s and the JWC, comparable to what Pakistan mounted after 25 years on the same list, those gains risk sitting unconverted while shippers keep paying yesterday’s risk premium for today’s safer waters.
The call for a dedicated War-Risk Delisting Task Force, with NIMASA’s Dr Dayo Mobereola in a visible lead role, deserves close attention from Waterways News readers. If Nigeria can replicate Pakistan’s playbook which includes evidence-based dossiers, sustained engagement with underwriters, and political will at the highest levels, the resulting reduction in freight and insurance costs would matter well beyond deep-sea shipping lines. It would matter for every operator moving cargo and passengers along Nigeria’s ports and waterways, at a moment when this publication has consistently argued that federal maritime policy too often overlooks the commercial realities facing smaller operators. A successful delisting push would be a rare case where a big diplomatic win at Lloyd’s produces a tangible cost benefit that reaches all the way down to the inland waterway economy.
Featured
IMO Sets First-Ever Two-Year Theme for World Maritime Day, Tasks Member States to Move “From Policy to Practice”
IMO Sets First-Ever Two-Year Theme for World Maritime Day, Tasks Member States to Move “From Policy to Practice”
By Emetena Ikuku | Waterways News
The International Maritime Organization (IMO) has adopted “From Policy to Practice: Powering Maritime Excellence” as its World Maritime Day theme for both 2026 and 2027, marking the first time in the observance’s history that a single theme will run for a full two-year cycle instead of the usual one.
The decision was endorsed by the IMO Council at its 134th session in London, held from July 7 to 11, on a proposal from IMO Secretary-General Arsenio Dominguez. World Maritime Day will continue to fall on the last Thursday of September each year, with 2026 and 2027 both marked under the same theme.
IMO explained that the extended timeframe reflects a deliberate shift in focus, from the adoption of new rules to ensuring those already on the books are actually applied. According to the organisation, “From Policy to Practice” speaks to its core mandate: making sure that conventions, codes and guidelines agreed at the international level are translated into national law, enforced consistently, and embedded in the daily operations of ports, ships and administrations worldwide, rather than existing only on paper.
The “Powering” element of the theme points to the practical support IMO intends to deploy to help member states close that implementation gap, including technical assistance, training programmes, capacity-building and knowledge-sharing partnerships aimed at strengthening maritime administrations and port state control regimes. “Maritime Excellence,” the organisation says, describes the end goal: a shipping industry that is safe, secure, efficient and environmentally sound, held to the highest international standards and committed to continuous improvement.
In a video message announcing the campaign, Dominguez said the true test of the global regulatory framework lies in implementation, stressing that when the industry talks about “practice,” it is ultimately talking about people, and that IMO is committed to powering that transition through direct technical cooperation and support.
IMO has invited member states, industry stakeholders and the public to join the campaign using the hashtags #WorldMaritimeDay and #MaritimePolicytoPractice as national and regional activities roll out over the two-year period.
Nigeria Watch
For Nigeria, a theme built entirely around closing the gap between policy and practice lands close to home. It is, in many ways, the exact fault line this desk has tracked for years across the country’s maritime sector: regulations that exist in full on paper but struggle to survive contact with implementation on the water.
The theme’s emphasis on national legislation, enforcement and day-to-day operations speaks directly to open questions around NIMASA’s cabotage regime and the long-delayed disbursement of the Cabotage Vessel Financing Fund (CVFF), to the jurisdictional tug-of-war between NIWA and LASWA over inland waterways regulation even after Supreme Court intervention, and to the practical rollout of the NPERA Act now that the agency has formally begun operations. Each of these is, at bottom, a policy-to-practice story still waiting for its second half to be written.
It also speaks pointedly to the everyday reality of Nigeria’s informal and small-scale waterway operators, represented by bodies like WABOTAN and ATBOWATON, who often experience federal and state maritime policy not as technical assistance and capacity-building, but as enforcement action with little of the promised support attached. If IMO’s two-year campaign is genuinely about “translating international rules into action at sea and on shore,” as the organisation puts it, Nigerian regulators have an unusually clean, IMO-endorsed framework to be measured against between now and 2027, and operators on the inland waterways will be watching to see whether “powering” the transition includes powering their own long-stalled asset financing and safety upgrades, not just headline compliance targets aimed at the deep-sea fleet only.
With Nigeria holding a seat on the IMO Council, the country also carries a diplomatic stake in how visibly it is seen to be putting the theme into practice at home over the coming biennium.
Blue Economy
Oyetola Sets Up Technical Committee to Fast-Track Fish Production, Cut Nigeria’s Import Bill
Oyetola Sets Up Technical Committee to Fast-Track Fish Production, Cut Nigeria’s Import Bill
By Ighoyota Onaibre | Waterways News
The Federal Ministry of Marine and Blue Economy has begun moving from policy talk to implementation on fish production, with the Minister, Dr Adegboyega Oyetola, inaugurating a Technical Committee on Accelerating Fish Production in Nigeria in Abuja on Thursday.
Oyetola said the committee’s job was to convert existing recommendations into coordinated action that can deliver measurable gains in the country’s fisheries and aquaculture sector, rather than produce another policy document.
He noted that fish remains a major source of animal protein for millions of Nigerians, and that the fisheries and aquaculture value chain sustains livelihoods across production, processing, marketing and transportation. But domestic output still falls well short of national demand, he said, with knock-on effects for food security, household incomes and the country’s foreign exchange position.
The Minister listed the sector’s key constraints as high production costs, particularly feed, poor access to quality fish seed and broodstock, weak fish-health and biosecurity systems, post-harvest losses, and inadequate cold-chain and storage infrastructure. He also pointed to limited access to affordable finance, thin research and data systems, and gaps in standards, traceability and market development.
Oyetola said the recent transfer of fisheries and aquaculture functions to his ministry gave the sector a stronger institutional platform, and reaffirmed government’s commitment to growing sustainable domestic production and cutting Nigeria’s reliance on fish imports.
The committee’s work builds on a strategic roundtable the ministry convened with the National Institute for Policy and Strategic Studies (NIPSS) on October 29, 2025, which produced a set of recommendations on production and value-chain bottlenecks. Members have been asked to test each recommendation against existing national policy, laws and institutional mandates, deciding whether it should be adopted, refined, folded into current programmes, studied further, or dropped and to map ongoing public, private and development-sector initiatives so scarce resources are not duplicated.
Oyetola said the committee’s final output must include a clear implementation roadmap and matrix covering priority interventions, responsible institutions, timelines, indicative costs, funding options, performance indicators and required approvals, along with credible entry points for private investment, public-private partnerships and development finance.
The Permanent Secretary of the ministry, Mrs Fatima Sugra Mahmood, who chairs the committee, pledged a thorough review process aimed at practical, measurable interventions. Prof Akintola Shehu Latunji of Lagos State University, speaking for other members, thanked the Minister and committed the committee to working with stakeholders to boost fish production nationwide.
Other members include Mr Omoragbon Wellington and Mr Garba Usman of the Federal Department of Fisheries and Aquaculture; Prof Ayo Omotayo of NIPSS; Prof Sule Abiodun of the Nigerian Institute for Oceanography and Marine Research; Prof Sadiku Suleiman Omeiza of the Federal University of Technology, Minna; Bayelsa State’s Commissioner for Marine and Blue Economy, Dr Faith Izibenua Zibs-Godwin; Dr Charles Okaga, Technical Assistant to the Minister; Dr Ebinimi Ansa of the Fisheries Society of Nigeria; Mr Onoja Sunday of the Catfish Farmers Association of Nigeria; Mr Mashi Gabriel Sani of the Fisheries Cooperative Federation of Nigeria; Mr Remi Ahmed of the Tilapia Development Association of Nigeria; and Dr Charles Iyangbe of WorldFish Nigeria.
The committee has eight weeks to submit its report.
Nigeria Watch
Fish production is not a subject Waterways News covers often, but it sits squarely inside the blue economy mandate this Ministry now carries and it is worth watching for the same reason CVFF, NPERA and NIMASA reforms are worth watching: Nigeria has no shortage of roundtables, committees and roadmaps; what it has historically lacked is follow-through.
Oyetola’s own framing, “your assignment is not to develop another policy”, reads as an implicit acknowledgment of that pattern, and an eight-week deadline is a useful marker for readers to hold the ministry to. The emphasis on cold-chain and storage infrastructure, and on post-harvest losses, also echoes concerns Waterways News has tracked on the inland waterways side, where WABOTAN and ATBOWATON operators regularly cite poor storage and logistics as a drag on returns from fish and other perishable cargo moved by water. A serious fisheries roadmap that funds cold-chain and market infrastructure along riverine routes would have direct relevance for the informal waterway transport economy this desk covers closely.
Whether this committee’s report becomes another shelved document or an actual funding and implementation pipeline is the story to follow when the eight weeks are up.
Blue Economy
NPERA Charges Staff on New Mandate as Akutah Eyes $1 Trillion Economy, Pledges Harmony with Sister Agencies
NPERA Charges Staff on New Mandate as Akutah Eyes $1 Trillion Economy, Pledges Harmony with Sister Agencies
By Okeoghene Onoriobe | Waterways News
The newly transitioned Nigeria Ports Economic Regulatory Agency (NPERA) has told its workforce that the agency’s expanded powers must translate into measurable gains for the maritime sector, as its chief executive moved to calm anxieties over possible turf conflicts with other port institutions.
Speaking at a townhall session with staff, NPERA’s Director-General, Dr Pius Akutah, said the agency’s new statutory footing, created under the Nigerian Ports Economic Regulatory Agency Act, 2026, leaves no room for institutional rivalry, since the law spells out NPERA’s role as the ports’ economic regulator distinctly from the operational and infrastructure mandates held by other agencies.
Akutah described the President’s assent to the Act as a breakthrough for the maritime industry, saying the reinforced regulatory powers position the agency to curb sharp practices and drive efficiency at the ports. He urged staff to raise their professional standards to match the agency’s new responsibilities, and said NPERA intends to work closely with the Nigerian Ports Authority (NPA) in particular, alongside other sister agencies, to deepen reforms and improve service delivery across the ports.
He linked the agency’s broadened mandate directly to government’s wider ambition of building a $1 trillion economy, arguing that a more predictable and business-friendly port environment is central to that goal.
The remarks follow the formal transition of the Nigerian Shippers’ Council (NSC) into NPERA, a process more than a decade in the making. NPERA Governing Board chairman, Dr Ibrahim Shema, has described the change as a structural separation of economic regulation from the NPA’s landlord and infrastructure functions, with NPERA’s approach to be anchored on transparency, fairness, predictability, efficiency and accountability. Both officials have stressed that NPA retains its infrastructure role while NPERA takes on tariff regulation, licensing, competition oversight and commercial dispute resolution.
NIGERIA WATCH
Every new regulator in Nigeria’s port and maritime space arrives with the same reassurance: this one won’t fight the agencies already there. NPERA’s rollout is no exception, and the emphasis on “harmony” with NPA is itself a tell — it signals that stakeholders, including operators and shippers who have lived through NIMASA-NPA and NIWA-LASWA turf disputes, are watching closely for the first sign of overlap.
For the informal and small-scale end of the water transport economy that Waterways News tracks — the operators represented by WABOTAN and ATBOWATON — NPERA’s mandate is, on paper, encouraging. A regulator empowered to resolve commercial disputes and rein in unapproved charges could, if it functions as designed, extend some protection to smaller port users who have historically had the least leverage against terminal operators and shipping lines. But the sector’s experience with the CVFF disbursement saga is a caution against measuring reform by its founding rhetoric alone. An agency can be transparent on paper about “five principles” and still take years to deliver anything an ordinary operator can point to.
The real test for NPERA, as with NPERA’s own DG has implicitly acknowledged by tasking his staff before the agency has even settled into its new powers, will be whether tariff clarity and faster dispute resolution reach beyond the big shipping lines and terminal operators to the smaller players who move goods and people along Nigeria’s waterways every day. Waterways News will be watching how NPERA’s mandate is implemented in practice, not just how it is announced.
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