
NIMASA N50bn Floating Dock Decay As Nigeria Loses N50bn Annually To Neighbouring Countries’ Dock
LAGOS AUGUST 8TH (NEWSRANGERS)-Four years after the Nigerian Maritime Administration and Safety Agency’s (NIMASA) acquired N50 billion modular floating dock, the asset has continued to decay at the Nigerian Naval Dockyard, Wilmot Point, Victoria Island, due to management’s willful neglect. Since arriving Nigeria in 2018, the floating dock has remained idle and abandoned with the…