The management of the Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to accountability, improved performance, and sustained growth in the maritime sector with the signing of its 2026 Sectoral Performance Bond.

The agency’s Deputy Director/Head Public Relations, Osagie Edward, said on Monday that the exercise was overseen by the Minister of Marine and Blue Economy, Dr Adegboyega Oyetola.

Also, the Director-General of NIMASA, Dr Dayo Mobereola, described the performance bond as a key governance instrument for tracking deliverables, strengthening institutional accountability, and aligning the agency’s operations with national priorities.

He stressed that NIMASA’s ongoing reforms are driven by purposeful leadership and strategic ministerial support, adding that the Agency remains committed to delivering on its mandate in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu’s administration.

On maritime security, Mobereola disclosed that Nigeria has recorded zero piracy incidents in its territorial waters over the past four years, attributing the milestone to enhanced surveillance systems and improved inter-agency collaboration.

He revealed that the agency was at an advanced stage of automating its ship registry processes, a move expected to improve efficiency, reduce delays, and boost Nigeria’s competitiveness in global maritime business.

Providing an update on the Cabotage Vessel Financing Fund (CVFF), the director general said that more than 60 applications had been received since the portal was launched in January 2026, assuring that the disbursement process will be transparent and strictly monitored.

Mobereola also noted that Nigeria has deposited three conventions with the International Maritime Organisation (IMO), while three others are awaiting Federal Executive Council approval, underscoring the country’s commitment to international maritime standards.

Speaking further, he noted that Nigeria’s election victory into category C at the IMO Council in November 2025 restored its voice in global maritime governance and strengthened its leadership role in Africa.

In his remarks, Minister Adegboyega Oyetola reiterated the Federal Government’s commitment to using the maritime sector to drive economic diversification, job creation, and foreign exchange earnings.

He stressed that the Performance Bonds are binding commitments that will be closely monitored, declaring that “accountability is not optional.”