SEALING NEW PARTNERSHIPS FOR
DE-RISKING SHIPPING IN THE GULF OF GUINEA
July 21, 2022 | 9:00 AM – 4:00 PM | Eko Hotels & Suites, Victoria Island, Lagos
The Marine Insurance, Piracy, and Sea Robbery (MIPS) Conference jointly organised by
BusinessDay Media Limited and Nigerian Maritime Administration and Safety Agency
(NIMASA) will bring together stakeholders within the Maritime sector to discuss trends, and
developments in marine insurance, as well as strategies being applied in the combat
against insecurity in the Gulf of Guinea. This economically important coastline stretches from
Senegal to Angola and covers approximately 5,000 nautical miles.
For years, piracy in the Gulf of Guinea has posed a major threat to crews and vessels
operating in the region. It has also led to a spike in insurance rates charged vessels plying
the region. The domino effect of the insecurity is that the higher shipping costs are
transmitted to the domestic market, producing inflation, and countering efforts to grow
Nigeria’s Blue Economy.
To stem this tide, the Federal Government of Nigeria launched the Integrated National
Security and Waterways Protection Infrastructure, also known as the Deep Blue
Project, in June 2021. In less than a year, the initiative has led to a sharp fall in criminal
activities in Nigerian waters.
Among the topics to be covered at MIPS are:
on Nigeria-bound ships
adjudged high risk
safety in the Gulf of Guinea
Conduct, Lomé Charter, and the ECOWAS Integrated Maritime Strategy in
fighting piracy in GoG
European Union, etc.
Dr. Bashir Yusuf Jamoh
BusinessDay Media Ltd.
Publisher & CEO,
BusinessDay Media Ltd.
Mr. Dimowo Heaky
Director, Reform Coordination,
Representatives are expected from:
9:00 a.m. – 10:00 a.m.
10:00 a.m. – 10:05 a.m.
National Anthem and Opening Prayers
10:05 a.m. – 10:15 a.m.
Opening Remarks by CEO, BusinessDay
10:15 a.m. – 10:45 a.m.
Conference Co-Host Speech by Dr. Bashir Yusuf Jamoh, Director-General, NIMASA
10:45 a.m. – 11:00 a.m.
Speech by Nigerian Navy
11:00 a.m. – 11:06 a.m.
Goodwill speech by Foreign Mission
11:06 a.m. – 11:13 a.m.
Goodwill speech (1) by an Insurance Sector Stakeholders’ Association
11:13 a.m. – 11:20 a.m.
Goodwill speech (2) by Maritime Sector Stakeholder Association
11:20 a.m. – 11:40 a.m.
Viewing of Documentary on War Risk Insurance and the Nigerian Economy produced by NIMASA
11:40 a.m. – 11:50 a.m.
Speech by Federal Ministry of Transportation
11:50 a.m. – 12:30 a.m.
12:30 p.m. – 12:35 p.m.
Introduction to Afternoon Session by Mr. Dimowo Heaky, Director, Reform Coordination, NIMASA
12:35 p.m. – 1:10 p.m.
1:15 p.m. – 2:10 p.m.
Panel 1 + Q&A
Mutual Risk: The Challenges and Obstacles to Setting Up a P&I Club for African Shippers
2:15 p.m. – 3:10 p.m.
Panel 2 + Q&A
Stubborn Risk: Trends and Forecast for Marine Insurance in the Gulf of Guinea
3:10 p.m. – 3:15 p.m.
Summary and Vote of Thanks by Mr. Tayo Fagbule, Editor, BusinessDay
3:15 p.m. – 3:20 p.m.