By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
News Point247News Point247
Notification Show More
Latest News
NAGAFF Seeks Peaceful Solution to Apapa Port Crisis, Distances Itself from Shutdown
Business
Compt. Olomu Says Apapa Customs Will Stop at Nothing to Curb Smuggling
Customs
NIMASA Promotes 9 Directors; 234 Others Staff 
Maritime
Customs, NES Partnership Aims to Drive Economic Progress
Economy
NPA
NPA Reconstitutes Anti-Corruption Unit to Promote Transparency, Accountability
Security
Aa
  • Home
  • News
  • Maritime
  • Business
  • Politics
  • Society
  • Features
  • Transport
  • International
  • Opinion Article
  • Photo News
Reading: NSC Joins Forces with MARAN to Fight Against Exorbitant War Risk Insurance Premium on Nigerian Shippers
Share
Aa
News Point247News Point247
  • Home
  • News
  • Maritime
  • Business
  • Politics
  • Society
  • Features
  • Transport
  • International
  • Opinion Article
  • Photo News
Search
  • Home
  • News
  • Maritime
  • Business
  • Politics
  • Society
  • Features
  • Transport
  • International
  • Opinion Article
  • Photo News
Follow US
© News Point 247. All Rights Reserved | Site Developed by OutsourceNow.ng
News Point247 > Maritime > NSC Joins Forces with MARAN to Fight Against Exorbitant War Risk Insurance Premium on Nigerian Shippers
Maritime

NSC Joins Forces with MARAN to Fight Against Exorbitant War Risk Insurance Premium on Nigerian Shippers

Admin
Last updated: 2025/08/11 at 7:37 AM
1 week ago 4 Min Read
Share
4 Min Read
SHARE

By Sandra Chukwunyere

 

The Executive Secretary of the Nigerian Shippers’ Council (NSC), Dr. Akutah Pius MON, has stated that Nigeria has no business being listed in a war risk zone and consequently mandated to pay insurance premiums

 

Akutah made this assertion while receiving a delegation from Maritime Reporters’ Association of Nigeria (MARAN) on Thursday at the NSC headquarters.

- Advertisement -
Ad image

 

“Does Nigeria have any business being in the war risk zone?” he queried, referencing the absence of terrorist attacks in Nigerian waters in the past three years.

 

He however thanked the journalist group for its consistent commitment to reforms and cost-reduction efforts in the nation’s maritime sector.

 

Speaking on the upcoming MARAN Annual Maritime Lecture (MAMAL) 2025, Akutah described the event’s theme: “Addressing the Burden of War Risk Insurance on Nigerian Maritime Trade” as timely and critical.

 

Acknowledging the vital roles played by the media in shaping conversations around the nation’s maritime development, he remarked that the Council recognizes and deeply values the contributions of MARAN as one of its partners.

 

“We are partners and I can tell the contribution your association is bringing to the table. We are very proud of what you are doing,” the NSC boss said.

 

He lauded the organizers for championing advocacy around the removal of war risk insurance on Nigerian-bound cargo, insisting that the current classification of Nigeria as a war risk zone is unjustified and economically damaging.

Akutah, however, stressed that such misclassification imposes additional, avoidable costs on the Nigerian economy and undermines the competitiveness of the nation’s ports.

 

According to him, port cost inefficiencies have long been a major source of concern and excessive charges are among the key contributors to Nigeria’s uncompetitive port environment.

 

He noted that the Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola, is already leading efforts to get Nigeria off the war risk list, but emphasized that advocacy must go beyond government action and involve all categories of industry stakeholders.

 

“This is how we will develop our sector by being proactive and not only criticising but also bringing solutions to the table,” he stated.

 

 •Dr. Akutah pledged that the Nigerian Shippers’ Council will fully participate in the conference, just as it had in previous years even as he expressed personal interest in attending the event due to its relevance to the Council’s core mandate — reducing the cost of doing business at Nigerian ports.

MARAN logo

Earlier, the President of MARAN, Mr. Godfrey Bivbere, appreciated the efforts of the regulatory agency in tackling the myriad of challenges at the nation’s ports.

 

He observed that the Council could also initiate a more holistic approach to eliminating the burden of WRI by engaging the United African Shippers’ Council (UASC) and Global Shippers Forum (GSF) to end the menace.

 

You Might Also Like

NIMASA Promotes 9 Directors; 234 Others Staff 

NIMASA Board Holds Inaugural Meeting, Endorses Management’s Plans

Mark Your Calendars: MARAN Announces New Date,Venue for MAMAL 2025, Featuring Oyetola, Tantita Security, MASPAN, Others 

Oyetola Unveils Bold Plan to Tackle Boat Mishaps with Committee’s Report

MARAN Calls for Urgent Intervention Over Pollution in Apapa, Tin Can Industrial Areas

Share this Article
Facebook Twitter Email Print
Previous Article Senator Kalu Pays Tribute to Former Minister Audu Ogbeh, Describes Him as a National Icon
Next Article NCS Strikes: Intercepts N10bn Worth of Fake drugs, Arms, Other Contraband at Apapa Port

Trending

NAGAFF Seeks Peaceful Solution to Apapa Port Crisis, Distances Itself from Shutdown
Business
Compt. Olomu Says Apapa Customs Will Stop at Nothing to Curb Smuggling
Customs
NIMASA Promotes 9 Directors; 234 Others Staff 
Maritime
Customs, NES Partnership Aims to Drive Economic Progress
Economy
NPA
NPA Reconstitutes Anti-Corruption Unit to Promote Transparency, Accountability
Security
FRSC Sensitises Truck Drivers to Health, Safety Awareness 
Transport
Customs FOU Zone A Seizes ₦3.1 Billion Contraband, Arrests 13 Suspects
Customs
Nigerian Navy, MASPAN Partner to Enhance Maritime Security
Security
NIMASA
NIMASA Board Holds Inaugural Meeting, Endorses Management’s Plans
Maritime
News Point247News Point247

© News Point 247. All Rights Reserved | Site Developed by OutsourceNow.ng

  • Home
  • Privacy Policy
  • About Us

Removed from reading list

Undo
WhatsApp
Hello
Can we help you?
Open chat
Welcome Back!

Sign in to your account

Lost your password?