The Director-General of the Nigerian Maritime Administration and Safety Agency, Bashir Jamoh, has declared that the newly acquired floating dock by the agency has the potential of generating N1bn monthly revenue.

Jamoh who made this declaration during a media parley to mark his first 100 days in office said the new floating dock would assist ship owners in terms of repairs.

He said, “NIMASA procured a multibillion floating dock so that it can help the local ship owners repair their ship easily and stop them taking their vessels outside the country to repair.

“This modular floating dock is at the naval dockyard and our intention is to use Public-Private Partnership arrangement to manage the floating dock.”

The DG said talks had begun between the agency and Nigeria Ports Authority to make sure that floating dock was installed at the continental shipyard.

“We have the agreement of NPA in principle that we are going to move the floating dock into the continental shipyard any moment from now,” he added.

Giving guidelines on how the floating dock would be managed, the NIMASA boss said a technical partner would assist in the management of the facility.