Business
Nigeria To Benefit From Deep Sea Mining

The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, says Nigeria will benefit from deep sea mining by working with the International Seabed Authority (ISBA).
Peteside said in a statement issued by the Head, Corporate Communications Department of NIMASA, Mr Isichei Osamgbi, in Lagos, Friday.
Osamgbi quoted the director-general as having said this at the opening of the 23rd Assembly of the International Seabed
Authority (ISBA) in Kingston, Jamaica.
The director-general said that irrespective of the numerous resources in Nigeria, there was the need to work more closely with the ISBA in the area of seabed resources exploration.
Peterside, who led the Nigerian Delegation to the event, commended ISBA on its role in the optimal utilisation of seabed resources among maritime stakeholders.
He solicited assistance of ISBA in the area of capacity building to survey deep sea and establish data base of mineral resources available for the benefit of all mankind.
The director-general said that the Nigerian Government was developing policies that would aid the harnessing of seabed resources, adding that it would be working closely with the ISBA.
According to Peterside, the Federal Ministry of Transportation is developing a country’s Blue Economy policy and strategy which will incorporate the sustainable development of the country’s deep seabed resources.
He said that at the moment, the Nigerian Navy Hydrographic office had been undertaking hydrographic survey and charting of the nations’ maritime area.