The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, says a sustained reduction in reported cases of piracy and other maritime crimes in Nigerian waters will end the regime of War Risk Insurance premium on Nigeria-bound cargoes.

Receiving the Executive Secretary of the Nigerian Shippers’ Council (NSC), Emmanuel Jime, who led a delegation from the Council on a courtesy visit to NIMASA at the Agency’s headquarters in Lagos, Dr. Jamoh stated that the international shipping community had acknowledged the progress made by Nigeria in her quest for security in the Gulf of Guinea, as confirmed by recent reports by the International Maritime Bureau (IMB).

He said that the sharp decrease in maritime incidents logged in IMB’s second quarter report was a valuable feedback on the Agency’s campaign for Nigeria’s delisting from countries under the war risk insurance burden, and an indication that the shipping community looked forward to sustenance of the progress made.