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War Risk Insurance: Uniting for a common goal


Director-General, NIMASA, Bashir JamohThe reason underwriting firms around the world have given for the very high premium (the highest in the world) they place on cargoes coming to Nigeria has been the perception of the Gulf of Guinea as the most unsafe and least secure maritime environment in the world.
This has seen Nigerians paying very exorbitant costs for imported goods and raw materials, for the simple reason that about 65 per cent of the merchandise that passes through the region come into the country. What this means is that for each imported product; for each made-in-Nigeria product manufactured with imported raw materials, Nigerians pay a high price because of the insecurity in the Gulf of Guinea. ....

Bashir Jamoh , Department Of State Services , Safety Agency , Lagos Chamber , Nigerian Army , National Insurance Commission , International Maritime Organization , National Association Of Government Approved Freight Forwarders , Manufacturers Association Of Nigeria , Nigerian Navy , Nigerian Shippers Council , Association Of Nigerian Licensed Customs Agents , Nigerian Maritime Administration , Nigerian Chamber , Deep Blue Project , Nigerian Air Force , State Services , Promised Land , Manufacturers Association , Nigerian Licensed Customs Agents , National Association , Government Approved Freight Forwarders , Managing Directors , Licensed Customs Agents , Federal Ministry , Guinea Plus ,