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Nigeria pays war risk insurance despite maritime investments – NIMASA

The Nigerian Maritime Administration and Safety Agency have said that despite Nigeria’s huge investment in maritime security, the country still pays War Risk Insurance Premiums on Nigeria-bound cargoes. The Director-General of NIMASA, Dayo Mobereola, disclosed this on Thursday in Lagos when he received a team from the Denmark Ministry of Foreign Affairs. Mobereola urged the Read More



NIMASA reports that Nigeria continues to pay War Risk Insurance Premiums on Nigeria-bound cargoes despite significant maritime security investments and a decrease in piracy. NIMASA is collaborating with the Kofi Annan International Peacekeeping Training Centre and seeks a reduction in insurance premiums and freight costs. They are also exploring exchange programs with the Danish Maritime Institution.

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