Nigeria’s Floating Dry Dock to Generate Huge Revenue-NIMASA DG
by TELLThere is good news about Nigeria’s Floating Dry Dock said to have been abandoned since it was acquired in 2018. The dock which was acquired at the cost of $50 billion by the Nigerian Maritime Administration and Safety Agency, NIMASA was intended to enhance the development of the maritime industry in Nigeria. Stakeholders had complained that the floating dock was left idle for too long after its acquisition. A floating dock is a submersible platform which is designed for the repair of vessels. It can be navigated to the location of a disabled vessel at sea, used to carry the said vessel and take it back to base where the repair will be carried out. The acquisition of the floating dock elicited a great deal of excitement in 2018, but maritime stakeholders became apprehensive when it appeared that the authorities had abandoned it at the Naval Dockyard, Victoria Island, Lagos. In 2021 the Association of Maritime Engineers and Surveyors, AMES raised an alarm that the dry dock had been abandoned by the authorities.
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