Aug 17, 2018: The Nigerian Maritime Administration and Safety Authority (Nimasa) recently took delivery of a new floating dockyard, which is expected to save the country over US$99.7 million annually.

Once fully operational, Nigerian shipowners and their foreign counterparts would no longer need to take their vessels outside of the country for dry docking, said Nimasa director general, Dakuku Peterside.

“Nigeria loses up to US$100 million annually simply because when our shipowners need to dry dock their vessels they mostly take them to neighbouring countries like Ghana and Cameroon. Once this facility is fully operational it will have the capacity to dry dock any vessel in-country and save the much needed foreign exchange,” he said.

Peterside said that the floating dockyard would create thousands of jobs and would be available as a training facility for students of the Nigerian maritime university, Okerenkoko, and other maritime institutions in the country.