Business A.M
No Result
View All Result
Wednesday, February 11, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Nigeria, Japan sign $2.78m boat deal to enhance maritime security

by Chris
January 21, 2026
in Frontpage, Maritime, Transport Business

BY ANITA OKORO

 

The Federal Republic of Nigeria and the Japanese Government have signed an Exchange of Note(E/N) worth $2.78m for an economic and social development programme involving the acquisition of high-speed boat to reinforce services for coastal security in Nigeria, with the Nigerian Maritime Administration and Safety Agency (NIMASA) designated as the implementing partner.

Clem Agba, Nigeria’s minister of state for Budget and National Planning, and Kazuyoshi Matsunaga, Japan’s ambassador extraordinary and plenipotentiary to Nigeria, signed on behalf of their countries, with Bashir Jamoh, director-general of NIMASA, in attendance, NIMASA said in a statement on Tuesday.

The statement signed by Edward Osagie, assistant director of public relations at NIMASA, quoted Agba as saying that the procurement of the high-speed boat worth $2.78 million would greatly enhance the operations of the Deep Blue project, which is domiciled in NIMASA, commending the Japanese government for its interest and interventions in Nigeria for economic development.

“This project to strengthen the operations of NIMASA will definitely strengthen the partnership between the Government of Japan and the Federal Republic of Nigeria,” Agba said.

“Nigeria also appreciates the recent exchange of notes we signed for emergency improvement of electricity supply facilities in Abuja, and the role Japan played in the development of the national power development masterplan designed to guide the government on the optimal energy mix and efficiency for Nigeria,” he said.

NIMASA DG Jamoh assured the Japanese government that the agency would ensure the sustainability of the success recorded in the war against piracy in Nigerian waters and the Gulf of Guinea.

“This high-speed boat is a welcome addition to our growing arsenal of platforms and assets to reinforce service for coastal security, not only in Nigeria but also in the Gulf of Guinea, as over 60 percent of shipping activities in the region pass through Nigerian waters,” Jamoh said.

“This vessel will be incorporated into the deep blue project which already has two special mission vessels, two special mission aircraft, three special mission helicopters, 10 unmanned air systems and vehicles, 17 fast-moving interceptor boats, 16 armoured vehicles and the C4i centre,” he said.

Kazuyoshi, on his part, noted that the project would support the measures adopted by Nigeria to deal with the threat of maritime crimes.

“In the Gulf of Guinea, as you know, the piracy problem is hindering the economic development of the coastal areas. A slowdown in economic development impoverishes the coastal population, forcing some of them into piracy for their livelihood. We need to break this vicious cycle,” he said.

Previous Post

How far can EV really go on full charge?

Next Post

Nigeria awards 57 marginal oilfield licences to new investors

Next Post

Nigeria awards 57 marginal oilfield licences to new investors

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

February 10, 2026
Egbin Power targets youth employability with tech skills initiative

Egbin Power targets youth employability with tech skills initiative

February 10, 2026
inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

February 10, 2026

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

inDrive doubles Nigerian courier workforce as app-based delivery gains traction

inDrive doubles Nigerian courier workforce as app-based delivery gains traction

February 11, 2026
Affordability becomes key economic variable ahead of 2026 FIFA world cup

Affordability becomes key economic variable ahead of 2026 FIFA world cup

February 11, 2026
Access Holdings charts new course for pan-African expansion in value optimisation drive

Access Holdings faces regulatory speed bump in Bidvest acquisition

February 11, 2026
Releaf Earth’s credits put Africa’s carbon finance ambitions in spotlight

Releaf Earth’s credits put Africa’s carbon finance ambitions in spotlight

February 11, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • SIFAX subsidiary bets on operational discipline, cargo diversification to drive recovery at Lagos terminal

    0 shares
    Share 0 Tweet 0
  • Egbin Power targets youth employability with tech skills initiative

    0 shares
    Share 0 Tweet 0
  • inDrive turns to advertising revenues as ride-hailing economics push platforms toward diversification

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

inDrive doubles Nigerian courier workforce as app-based delivery gains traction

inDrive doubles Nigerian courier workforce as app-based delivery gains traction

February 11, 2026
Affordability becomes key economic variable ahead of 2026 FIFA world cup

Affordability becomes key economic variable ahead of 2026 FIFA world cup

February 11, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M