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Ease of doing business getting better in maritime sector, NIMASA DG claims in Houston

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The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has said that the Ease of Doing Business Initiative programme, coordinated by Vice President Yemi Osinbajo is yielding fruits particularly in the maritime sector as red tapes and bottlenecks which hitherto mitigated against investment in the sector, have started disappearing.

He made the claims before some businessmen from the United States of America, and described the Nigerian maritime industry as a thrust of golden opportunities where sincere investors are assured of maximum profit.

Explaining the potentials of Nigerian maritime industry at the ongoing Offshore Technology Conference (OTC) in Houston Texas, with the theme, “Sub-Saharan African Oil & Gas networking session”, he assured them that the focus now is attaining ease of doing business in Nigeria, particularly in the maritime sector.

He revealed that Nigeria allows income tax exemptions for infrastructural development in ship building, the NIMASA DG noted that there are financial incentives for ship building and ship scrapping with assurance of foreign repatriation of capital and profit.

According to him, “We ensure that we provide the basket of incentives to ensure that you get into the industry, maximize the opportunities in the industry for the benefit of both Nigerians and the investors.”

He stated that the commitment of the President Buhari’s Administration to ensure a drastic reduction in bureaucratic red tapes impeding investment in the country sees the Vice President, Professor Yemi Osinbajo coordinating the ease of doing business initiative project adding that the presidential enabling business environment council has approved a national action plan to be implemented across priority areas which will  enhance entry and exit of goods and services to spur inflow of foreign investment into Nigeria.


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