Maritime Agencies
NIMASA’s Aggressive Campaign Against War Risk Premiums: More Talk Than Action?
By Izuchukwu Ozoemena
As the Nigerian Maritime Administration and Safety Agency (NIMASA) vows to eliminate the exorbitant and unjustifiable War Risk Insurance (WRI) premiums imposed by foreign insurance firms on Nigeria-bound ships, the actual impact of the aggressive campaign remains questionable.
This persistent drain of WRI on the Nigerian economy estimated at a staggering $500 million annually has been described as an international affront that demands immediate and decisive action.
While NIMASA claims to be aggressively campaigning against this fraud, the Maritime Reporters Association of Nigeria (MARAN), through its upcoming 3rd Annual Maritime Lecture (MAMAL 2025), is set to expose the bitter truth and champion the cause of Nigerian stakeholders.
Even as NIMASA is liaising with international partners on how best to address the matter, the financial hemorrhaging continues unabated.
Shipowners and importers, who bear the brunt of these unjustifiable premiums, are left wondering why a nation with demonstrably secure waters is still being treated as a war zone by the international shipping community.
Alhaji Aminu Umar, Managing Director of Sea Transport Services Nigeria Limited and President of the Nigerian Chamber of Shipping, rightly points out the need for NIMASA to engage the Joint War Committee, the body responsible for waiving or imposing WRI.
However, despite their efforts, the WRI remains firmly in place, raising concerns about the agency’s effectiveness in truly challenging this deeply entrenched international politics, as described by the President of the Nigeria Shipowners Association (NISA), Mr. Sola Adewunmi.
For years, the justification for WRI on Nigerian-bound cargo stemmed from the very real threat of piracy and Niger Delta militancy. However, as confirmed by the International Maritime Bureau (IMB) in 2021, Nigeria has been officially removed from the list of piracy-prone countries.
The International Bargaining Forum (IBF) further validated this progress in 2023, delisting Nigeria from high-risk maritime nations.
The Minister of Marine and Blue Economy, Adegboyola Oyetola, has also repeatedly affirmed that there hasn’t been a single pirate incident in Nigerian waters for over three years, attributing this peace to the multi-billion naira Deep Blue Project spearheaded by NIMASA.
Yet, foreign insurance companies like Lloyd’s of London and various P&I clubs continue to levy these war risk surcharges.
This isn’t just an inconvenience; it’s a monumental financial drain. In the past three years alone, Nigeria has coughed up an eye-watering $1.5 billion in WRI premiums. To put this into perspective, a Very Large Crude Carrier (VLCC) can incur a WRI surcharge of approximately $445,000 per voyage, while a new container vessel might face a hefty $525,000. Shipping giants like Maersk even tack on additional “transit disruption surcharges” of up to $450 per container.
This translates directly to higher costs for Nigerian importers and exporters, ultimately passed on to the ordinary citizen, who pays inflated prices for goods.
Against this backdrop of frustration and economic detriment, the Maritime Reporters Association of Nigeria (MARAN) is taking decisive action.
MARAN’s 3rd Annual Maritime Lecture (MAMAL 2025), slated for August 28, 2025, at the Eko Hotel and Suites in Lagos, is set to be a groundbreaking event that directly confronts WRI as an international fraud.
With the theme “Addressing the Burden of War Risk Insurance on Nigerian Maritime Trade,” MAMAL 2025 aims to be more than just a discussion forum. It’s a rallying cry to the Federal Government and all affected stakeholders to acknowledge the severe economic implications of these unjust charges.
MARAN President, Mr. Godfrey Bivbere, has unequivocally condemned WRI as an international fraud burdening the economy of Nigeria and other developing countries in the Gulf of Guinea.
MAMAL 2025 promises to dissect every facet of this issue, from the perceived threats to the profound implications of persistent Extra War Risk Insurance (EWRI). It will scrutinize the roles of classification societies like Lloyd’s of London and critically examine the contributions of core stakeholders, including NIMASA, the Nigerian Navy, and other maritime and security operators.
Crucially, MAMAL 2025 will draw over 500 key stakeholders, including maritime security experts, shipowners, terminal operators, international shipping lines, diplomats, insurers, regulators, and legal experts.
This broad engagement, driven by MARAN’s respected voice in the industry, offers a genuine opportunity for a united front against this exploitative practice.
While NIMASA talks to the UN, MARAN is bringing together the very people and organizations directly impacted, creating a platform for collective action and a more forceful demand for change.
The continued imposition of War Risk Insurance on Nigerian-bound vessels is an affront to the nation’s efforts in securing its maritime domain and a significant impediment to its economic growth. It’s time for a definitive resolution, and MAMAL 2025, driven by the persistent advocacy of MARAN, appears to be the most promising avenue for achieving it.
Maritime Agencies
Maritime Industry Bigwigs Pledge to Attend the Network of Nigerian Maritime Journalists (NNMJ) Unity Conference.
By Izuchukwu Ozoemena
As the Network of Nigeria Maritime Journalists (NNMJ) unveils “Seaport Modernisation, Trade Facilitation and Revenue” as the theme of her unification conference scheduled for November 13 in Lagos , several prominent personalities in Nigeria’s maritime industry and political landscape have indicated interest to attend.
These include the former Minister of Interior, Capt. Emmanuel Iheanacho; Senator Wasiu Eshilokun; former President of the National Association of Government Approved Freight Forwarders (NAGAFF), Dr. Eugene Nweke; and Dr. Kayode Farinto, former Acting National President of ANLCA.
Also participating are key policymakers, heads of maritime agencies, industry leaders, legal practitioners, freight forwarders and other critical stakeholders whose voices cannot be ignored while deliberating on the future of Nigeria’s maritime sector.
Former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Barrister Temisan Omatseye, will chair the conference, while the Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola, will attend as Special Guest of Honour.
Renowned maritime lawyer, Barrister Emeka Akabogu, SAN, will deliver the keynote address at the event which takes place at Airport Hotel, Ikeja.
Discussions will particularly focus on ongoing reforms, infrastructure development and strategic interventions required to strengthen the maritime industry’s contribution to national economic growth.
According to Elder Dele Aderibigbe and Jerry Aguigbo, the NNMJ President and Public Relations Officer respectively, the conference will provide an avenue for constructive engagement among government representatives, maritime professionals and private-sector operators on practical measures to reposition Nigeria’s maritime industry for improved efficiency, productivity and global competitiveness.
Seaport modernisation, rehabilitation and renewal of critical port infrastructure, trade facilitation, ease of doing business, revenue optimisation and strategies for identifying and eliminating financial leakages across the maritime value chain will form key discussion points at the Unity Conference.
Participants will also examine opportunities for expanding Nigeria’s marine and blue economy, generating employment, strengthening maritime safety and security, and enhancing the competitiveness of the nation’s seaports.
The conference is expected to attract heads of government agencies, managing directors of shipping companies, terminal operators, freight forwarders, licensed customs agents and other influential stakeholders across the maritime industry.
The Unity Conference also avails stakeholders opportunity to evaluate existing government policies and reforms, identify implementation gaps and recommend sustainable solutions to improve port operations, facilitate legitimate trade, increase government revenue and unlock the vast economic potentials of Nigeria’s maritime sector.
The organizers further underscored the strategic importance of maritime journalism in promoting transparency and accountability, providing credible industry analysis and sustaining informed public discourse on government policies, regulatory interventions and reforms affecting the marine and blue economy.
The NNMJ leadership expressed confidence that the conference would strengthen relationships among industry stakeholders, encourage meaningful policy engagement and reinforce collective efforts towards building a more efficient, transparent and globally competitive maritime industry.
Maritime Agencies
AMANO Advocates Rapid Growth in Nigeria’s Maritime Sector, Holds National Convention
By Izuchukwu Ozoemena
As the 2026 National Convention and Stakeholders’ engagement of the Alumni of the Maritime Academy of Nigeria, Oron (AMANO) kicks off November 12 – 14, the
body has called for accelerated reforms and development in Nigeria’s maritime capacity training sector to ensure job creation for graduating cadets.
The convention will bring together maritime professionals, policymakers, regulators and shipowners, academics, cadets and other stakeholders for high-level deliberations on the future of the industry.
Speaking during a pre-event briefing in Lagos, Saturday, AMANO President, Mr. Emmanuel Maiguwa described the conference as a platform for policy alignment, innovation and practical solutions as it is more than a re+union of alumni.
This year’s convention, Maiguwa explained, is deliberately focused on moving from talk to action — with emphasis on reforms that can be implemented in maritime education, shipping, port operations, safety and blue economy development.
The convention will also provide an opportunity to introduce newly graduated cadets of MAN, Oron and their lecturers to maritime companies, institutions and stakeholders thus expanding their exposure to professional and employment opportunities.
Maiguwa had at the Academy’s 2026 Cadets Passing-Out Parade last week, urged graduands to embrace networking, professional development and mentorship as essential tools for building successful careers and invited them to the Lagos convention.
As part of its commitment to excellence, AMANO also announced cash awards of ₦150,000 each for Best HND Graduating Cadet and Best ND Graduating Cadet.
Stakeholders say the 2026 convention is coming at a critical time when Nigeria is pushing to unlock its blue economy, modernise its ports, strengthen its participation in the African Continental Free Trade Area (AfCFTA) and translate maritime policies into measurable results.
The three-day event is expected to feature keynote addresses, panel sessions, technical workshops, exhibitions and networking sessions, with recommendations to be presented to government and industry for implementation.
By Izuchukwu Ozoemena
The Nigeria Association of Women in Journalism (NAWOJ), Lagos Chapter has honoured veteran journalist, Hajia Hadiza Omowole, as Iconic Woman of the month for November.
This is contained in a release in Lagos jointly signed by Mrs Jumoke Falayi-Johnson and Mrs Anu Thomas, NAWOJ Chairperson and Secretary respectively.
Falayi-Johnson described Omowole as a true beacon of excellence, resilience and compassionate leadership, noting her selfless dedication to mentoring young journalists, empowering grassroots women and advocating gender equity..
Omowole’s tenacity, she stated, dedication to service and visionary leadership beautify the world. She described her as Mother-General whose pioneering spirit leaves indelible mark on journalism profession and society generally.
”Omowole holds Bachelor’s degree in Sociology and Anthropology from University of Benin and Master’s in Media, Culture and Technology from University of Bedfordshire, UK, spanning over three-decade distinguished journalism career.
”The veteran journalist joined News Agency of Nigeria in 1992, rising steadily through editorial ranks serving as Senior Editor, Deputy Editor-in-Chief and now Managing Editor and Head of Lagos Operations,” Falayi-Johnson said.
She noted that beyond editorial leadership, Omowole served two historic terms as National President of NAWOJ from 2014 to 2020, becoming first president re-elected, championing welfare and advancement of women journalists nationwide.
Through community specialist work, counselling and initiatives supporting rural and needy women, Omowole continues to serve as an inspiring pillar of guidance for the association and media industry.
The entire NAWOJ Lagos family celebrates Omowole’s unwavering commitment, pioneering spirit and incredible service to humanity, collectively wishing her more success in journalism, leadership and humanitarian endeavours ahead.
Omowole remained actively involved in institutional engagement, public communication, youth development and advocacy for health, child development and gender equality across Nigeria.
In her remarks, NAWOJ Lagos Secretary, Mrs Anu Thomas, noted that the association proudly recognised outstanding contributions of Omowole to journalism, women empowerment and leadership development in Nigerian media landscape.
Falayi-Johnson reiterated association’s pride in celebrating Omowole, describing her enduring legacy as an inspiration for upcoming female journalists and a testament to excellence in media leadership nationwide.
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Maritime Agencies1 week agoOUTSTANDING LEADERSHIP: NAWOJ Lagos Honours Omowole, NAN’s Managing Editor.
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Maritime Agencies3 weeks ago2026 World Maritime Day: Nigeria Subscribes to Safer Waterways and Excellence.
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Maritime Agencies3 weeks agoDredgers’ Body Disowns Report Alleging Extortion Against Lagos Commissioner Alebiosu, Cardoso.
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Maritime Agencies1 week agoCustoms FOU Zone ‘A’ Hits Smugglers Hard, Confiscates 23, 220 Matchettes, Other Contrabands Worth over N6.19bn.
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Maritime Agencies2 weeks agoOyetola, Omatseye, Akabogu, Other Dignitaries To Attend Network of Nigerian Maritime Journalists Unity Conference in Lagos.
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Maritime Agencies2 weeks agoSCAN SUMMIT, 2026: Conversion to Earn Higher Interest Rates, the Bane of the CVFF, Omatseye says.
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Maritime Agencies5 days agoAMANO Advocates Rapid Growth in Nigeria’s Maritime Sector, Holds National Convention
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Maritime Agencies5 days ago
Maritime Industry Bigwigs Pledge to Attend the Network of Nigerian Maritime Journalists (NNMJ) Unity Conference.