Business
Nigeria To Enforce Safety Code On Dangerous Goods
The Nigeria Maritime Administration and Safety Agency (NIMASA) says the country was set to implement safety code on dangerous goods to enhance safety in the nation’s marine environment.
NIMASA’s Director of Operations, Mr Rotimi Fashakin said this last Friday during a technical session for port users on the Implementation of International Maritime Dangerous Goods (IMDG) Code organised by NIMASA in Lagos.
He said that the indiscriminate dumping of dangerous goods in the marine environment had been a growing concern and a threat to human health and the environment.
He said that the IMDG code was a convention under the auspices of the International Maritime Organisation (IMO) to which Nigeria is a signatory.
He recalled the negative effect that the dumping into Koko Port in Delta in 1988 of 18,000 barrels of hazardous waste from Italy and recent similar cases had caused the area.
He said that there was the need to pay special attention to the negative effects that dumping of dangerous goods in the environments could cause the residents.
”The special requirements in the transportation of IMDG is to eliminate or minimise the risk of injury to people.
“Over the years, the maritime sector in many countries had taken measures to regulate the transportation of dangerous drugs through identification, labelling and stowage of such goods,” Fashakin said.
He said that the measure for international regulation on transporting dangerous goods was ratified by the 1929 International Conference on Safety of Life at Sea and adopted in the 1948 Conference.
He added that the usefulness of most IMDG , especially, to industries had made them inalienable from man hence the desire for them.
“This session is, therefore, part of Nigeria’s readiness to effectively perform its statutory responsibilities of implementing the IMDG Code on transporting dangerous goods in order to guarantee the health of its citizens,” he said.
Also, NIMASA’s Head of Marine Environment Management Department, Dr Felicia Mogo, who facilitated the session said that the code was meant to enhance the safe carriage of dangerous goods.
The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.
The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA), said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.
Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.
“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.
He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.
According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.
“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.
Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.
He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.
“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.
He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.
“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.
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