Nigeria Introduces First Waterways Code to Enhance Safety and Attract Investment

Nigeria has introduced its first waterways code, aiming to enhance safety and attract investment in the nation's inland waterways. This initiative, launched by Adegboyega Oyetola, the Minister of Marine and Blue Economy, seeks to reduce boat accidents and draw investors by providing a structured framework for the water transportation sector.

The new code includes regulations prohibiting nighttime navigation and mandates penalties for operators who transport passengers without life jackets. These measures are part of broader efforts to improve security and standardize operations on the waterways.

During the unveiling event in Lokoja, Kogi State, Oyetola highlighted the importance of the maritime sector in boosting Nigeria's trade balance and employment. He commended the National Inland Waterways Authority (NIWA) for their role in bringing the code to fruition after years of delays and urged them to ensure strict enforcement of the new regulations.

NIWA's managing director, Bola Oyebamiji, emphasized the establishment of a database of key stakeholders and an enhanced public engagement strategy for effective information dissemination and emergency response. The code will guide boat operators, regulate passenger conduct, and create a conducive environment for investors.

In addition to the code, several projects were commissioned, including administrative buildings, security posts, passenger boats, an ambulance, and hydrographic survey boats, further bolstering the sector's infrastructure and capabilities.

The new regulations are expected to maximize the country's maritime resources and address underutilization, with only 3,000 out of 10,000 kilometers of waterways currently navigable. The private sector is encouraged to explore business opportunities in line with President Tinubu's vision for a thriving blue economy.