By Peter Omopo
Abuja | July 7, 2025. KoThe House of Representatives Committee on Maritime Safety, Education and Administration has approved the Nigerian Maritime Administration and Safety Agency’s (NIMASA) ₦774.77 billion budget proposal for the 2025 fiscal year.
The endorsement came during a budget defence session held Monday at the National Assembly Complex in Abuja, with the committee chaired by Hon. Khadija Abba-Ibrahim of Yobe State.
Presenting the budget on behalf of the NIMASA Director-General, Dr. Dayo Mobereola, the agency’s Executive Director of Finance and Administration, Chidi Offodile, disclosed that the proposed revenue target for 2025 stands at ₦774.66 billion.
According to Offodile, after statutory deductions including federal remittances and contributions to the maritime fund, ₦264.96 billion would be available for the agency’s operational use.
He identified key revenue sources for the agency as freight levies, offshore waste management, sea protection, and ship registration. He also noted that significant additional revenue is anticipated through enhanced automation processes and the deployment of a modular floating dock.
Reviewing the performance of the 2024 budget, Offodile revealed that NIMASA had projected ₦467.4 billion in revenue but realised ₦370 billion, reflecting a 79 percent performance rate. He further stated that the agency achieved 87 percent implementation of recurrent expenditures and 51 percent execution of capital projects.
In her earlier remarks, Hon. Abba-Ibrahim raised concerns about the agency’s current remittance practices, pointing out that NIMASA no longer remits 100 percent of its internally generated revenue to the federal coffers—a practice that warrants closer oversight.
The committee’s approval clears the path for the implementation of NIMASA’s ambitious plans for 2025, with an emphasis on maritime safety, revenue optimisation, and infrastructure development.
