NIMASA Signs 2026 Performance Bond, Highlights Gains

The Nigerian Maritime Administration and Safety Agency (NIMASA) signed a performance bond for 2026, highlighting its commitment to improving accountability and sustaining growth in the maritime sector. The signing was overseen by Deputy Director of Public Relations, Osagi Edward, and emphasized the agency's ongoing reforms under the leadership of Dr.

Dayo Mobereola, Director General of NIMASA. The performance bond is a key instrument to track delivery and strengthen institutional accountability, aligning with national priorities.

Notably, Nigeria has recorded zero piracy incidents in its territorial waters over the past four years, attributed to enhanced surveillance systems and improved inter-agency collaboration. Additionally, NIMASA is advancing its ship registration process to improve efficiency and reduce delays.

The agency received 60 applications for the Cabotage Vessel Financing Fund (CVFF) since launching its portal in January 2026, with a commitment to a transparent disbursement process. Nigeria is also awaiting approval from the Federal Executive Council for three conventions with international maritime organizations.