Nigeria looses up to $100 million annually simply, because, when our shipowners need to…

Nigeria looses up to $100 million annually simply, because, when our shipowners need to dry dock their vessels, they mostly take them to neighbouring countries like Ghana and Cameroun, thus spending avoidable forex (foreign exchange). When this facility is fully operational, it has the capacity to dry dock any vessel incountry and save the much-needed foreign exchange.

— The Director-General of the the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, briefing journals about NIMASA's newly-acquired multi-million dollar floating dockyard and sundry issues in Lagos, South-West Nigeria

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