Blocking leakages at NIMASA: Oyetola meets Mainbridge, Abu Dhabi investment group

As part of efforts to revolutionise the Nigeria's Maritime sector, the minister of Marine and Blue Economy, Adegboyega Oyetola, today, met with Mainbridge and Abu Dhabi Investment Authority.

The meeting centred on the proposed Digital Marine Project, with focus on the Electronic Maritime Administration and Revenue Assurance Project (EMARAP). The team was led by the Group CEO of Mainbridge, Bola Adefehinti.

Mainbridge is an investment firm with a focus on Africa's infrastructure development, while Abu Dhabi Investment Authority is a global investment company managing a diversified portfolio worldwide, including Africa.

EMARAP, according to the proponents, is, when deployed, expected to address maritime challenges in Nigeria, from piracy to revenue leakages, utilising advanced technology to enhancing NIMASA's capabilities.

Mainbridge and Abu Dhabi Investment Authority identified key areas like port management and fisheries for development.

Responding, the minister expressed the ministry's readiness to partner with the group, saying the contents of the project marked a promising future for the Ministry of Marine and Blue Economy.

Among those who attended the meeting are: Dr. Dayo Mobereola, DG, NIMASA; Dr. Charles Akinola and Prof. Busayo Fakinlede.