{"id":31936,"date":"2019-05-15T13:01:12","date_gmt":"2019-05-15T12:01:12","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=31936"},"modified":"2019-05-15T13:01:12","modified_gmt":"2019-05-15T12:01:12","slug":"nimasa-budgets-n24b-for-2019-overhead","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nimasa-budgets-n24b-for-2019-overhead\/","title":{"rendered":"NIMASA Budgets N24b For 2019 Overhead"},"content":{"rendered":"

For the year 2019, the Nigerian Maritime Administration and Safety Agency (NIMASA) overhead will account for N24 billion.<\/p>\n

Speaking in Abuja on Tuesday, Director General of the agency, Dakuku Peterside explained that capital expenditure will cost N17. 6 billion while maritime fund projects will cost N71.01 billion.<\/p>\n

Meanwhile, NIMASA \u00a0generated \u00a0N22.9 billion to the consolidated revenue fund in 2018..<\/p>\n

Peterside explained that this is the highest ever contribution coming from NIMASA since its inception.<\/p>\n

Mr. Peterside, who disclosed this when he appeared before the Senate Committee on Marine and Transport in Abuja, said NIMASA proposed N112.1 billion for the 2019 fiscal year.<\/p>\n

\u201cIn the year under consideration, NIMASA expects that our total budgeted revenue will be N112.1 billion. That\u2019s the total budgeted revenue for 2019.<\/p>\n

\u201cOut of this total budgeted revenue, on personnel emolument, we proposed to spend N20.1 billion.<\/p>\n

\u201cOverhead will account for N24 billion. For capital expenditure, which will be basically to fund ongoing maritime projects, it will cost N17. 6 billion.<\/p>\n

\u201cAnd for the maritime fund projects, it will cost N71.01 billion.<\/p>\n

\u201cMr Chairman, distinguished senators, our contribution to the consolidated revenue fund has consistently been on the increase in the past few years.<\/p>\n

\u201cIn 2018, we contributed a total of N22. 9 billion. This is the highest ever contribution coming from NIMASA from its inception till date.<\/p>\n

\u201cIt will interest the distinguished senators to know that in the past three years, our contribution to the consolidated revenue fund has surpassed every known record before now,\u201d he said.<\/p>\n

He said the agency, in the year 2019, would be focusing on closing out all ongoing projects.<\/p>

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\u201cWe will also pay special attention to maritime safety as we prepare for the IMO elections,\u201d he said.<\/p>\n

The agency boss said NIMASA would continue to give priority attention to maritime security which has been a challenge for some time.<\/p>\n

\u201cWe are prioritising our interventions under a programme called the Deep Blue Project which was conceptualised to provide an integrated national surveillance and waterway protection solution with a command and control infrastructure in the country which will see us purchasing a number of special mission aircraft, helicopters for intervention, armoured vehicles for intervention, etc,\u2019\u2019 he said.<\/p>\n

Mr Peterside told the committee that the agency did not want the country to be known as hot spot of piracy \u201cwhich is the challenge we are facing now.\u201d<\/p>\n

\u201cSo we are paying very serious attention to the area of maritime security,\u201d he remarked.<\/p>\n

As part of its effort, he said the agency would host a global conference on maritime security in the country in October to get the world to focus on the Gulf of Guinea.<\/p>\n

Mr Peterside, who thanked the House of Representatives for the passage of Suppression of Piracy Act, called on the Senate to also follow suit.<\/p>\n

Responding to a question by Ohuabunwa Mao (PDP-Abia) on why the agency plans to generate N16 billion to the consolidated revenue fund in 2019, Mr Peterside said \u201cnobody has control over issues of security and emergency.<\/p>\n

\u201cWe are devoting a lot more attention than normal to the issue of maritime security,\u201d he said.<\/p>\n

He noted that though the N16 billion is only a projection, the agency would spend some of the funds generated to tackle maritime security.<\/p>\n

\u201cAs we raise more revenue, we contribute more if we raise less, we will contribute less,\u201d he said.<\/p>\n

After about two hours\u2019 drill by the lawmakers, the Chairman of the committee, Ahmed Sani, lauded the presentation and wished the agency success in its mandate.<\/p>\n","protected":false},"excerpt":{"rendered":"

For the year 2019, the Nigerian Maritime Administration and Safety Agency (NIMASA) overhead will account for N24 billion.<\/p>\n","protected":false},"author":6,"featured_media":8737,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17,624],"tags":[1308,743],"coauthors":[2391],"class_list":["post-31936","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-dr-dakuku-peterside","tag-nimasa"],"yoast_head":"\nNIMASA Budgets N24b For 2019 Overhead - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/nimasa-budgets-n24b-for-2019-overhead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NIMASA Budgets N24b For 2019 Overhead - 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