NIMASA’s Annual Contribution To Federation Account Up By N20 Billion

The Nigerian Maritime Administration and Safety Agency (NIMASA), in an official communication on Thursday August 23, 2018, says that its remittances to the federation account has hit N20 billion, representing a massive 567 percent jump in 2017 from N3 billion previously.

In a statement signed by Head, Corporate Communications, NIMASA, Mr. Isichei Osamgbi, the Agency said it has become one of the leading parastatals of the federal government on account of its huge contribution to the Consolidated Revenue Fund (CRF). “NIMASA has transformed from contributing barely N3 billion to over N20 billion annually to the CRF and it will keep getting better,” the statement noted.

The development was attributed to measures adopted by the agency to block financial leakages alongside the Treasury Single Account (TSA). The statement quoted Dr. Dakuku Peterside, NIMASA’s Director-General, as saying: “In order to block financial leakages, we subscribed to a full bouquet of the Lloyds and Clarkson intelligence; this made it almost impossible for any vessel calling at our ports to escape or under declare; the TSA and our collaboration with the Nigeria Customs Service among other agencies also played an important role.”

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Photo Caption: Dr. Dakuku Peterside, NIMASA’s Director-General

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