The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, has asserted that adopting the Public Private Partnership (PPP) model is essential for the infrastructural development of Nigeria’s maritime sector.
The Director General, who made this statement while hosting Dr. Jobson Oseodion Ewalefoh, the Director General of the Infrastructure Concession Regulatory Commission (ICRC), emphasized the importance of the Commission’s increased involvement in attracting private investors to develop infrastructural capacity in Nigeria’s maritime sector.
Accordingly, Mobereola said; “We appreciate the Management of the ICRC for being responsive. However, you know that the maritime sector is capital intensive and government funds cannot solely put in place the required infrastructure. We need the ICRC to develop PPP based business models that will be attractive to the private sector both from within and outside the country.”
Dr. Jobson Oseodion Ewalefoh, who supported the NIMASA DG’s position, underscored the significance of the maritime sector to Nigeria’s economy. He noted that the PPP model would facilitate increased funding and expertise from the private sector, thereby accelerating the growth and development of the Nigerian maritime sector. Additionally, he stated that the ICRC is prepared to engage with the Agency on its projects and ensure timely execution.