Tuesday , 4 October 2022

NIMASA partners Export Promotion Bank to support export through cargo initiative

NIGERIA Maritime Administration (NIMASA) has said it would support export produce through its intervention programme called cargo initiative and has partnered with the Nigeria Export Promotion bank for the project.

NIMASA Head of Shipping, South West Zonal Office, Mrs. Carol Aneto, who made this known in Lagos on Monday, told journalists NIMASA was not only there for security but to improve the economy through exportation.

Aneto, who doubles as a member of the inter-ministerial committee on Non-oil Export, said due to the capital-intensive nature of shipping, that the agency had to intervene to encourage exporters.

According to her, the committee was made up of members drawn from the Nigeria Shippers Council, Nigeria Export Promotion Commission and NIMASA.

“NIMASA apart from providing security on the waters is piloting an initiative aimed at bolstering the economy through produce export.

“Shipping is about export and import of goods and services the prevalent of import variant of the international trade is worrisome and should be changed.

“With the support of other agencies in the committee Nigeria will soon change from an import dependent to an export hub thereby creating the much-needed job for youth,’’ Aneto said.

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