FG To Spend $5.4bn To Clear Shipwrecks On Nigeria’s Coastline

Following the Federal Executive Council (FEC)’s approval, there is an indication that the proposed removal of over 3,000 shipwrecks littering Nigerian coastline will cost government N2.65 trillion ($5.4 billion). It was learnt that removal of wrecks is capital intensive as it costs not less than $1.8 million to tow a vessel from seabed posing threat to navigational safety and hazards in the marine environment.
 
To actualise this, government has said that the wrecks will be removed in phases and it has commissioned contractors to identify the wrecks and locations in order to have safe navigation. Also, it has approved the removal of the wrecks from Badagry to Tincan Island waterways in order to ensure smooth navigation on Nigerian waters. Some of the wrecks and derelicts are domiciled in Lagos, Delta, Onne, Rivers and Calabar port channels.
 
The Director-General, NIMASA, Bashir Jamoh, said in Lagos that the removal of shipwrecks would soon commence, following the stakeholders anxiety over the impending dangers the wrecks posed on the nation’s waters. He said: “Navigation on our waters is very dangerous now due to shipwrecks…
 
More details through:
https://www.newtelegraphng.com/fg-to-spend-n2-64trn-to-clear-shipwrecks-on-nigerias-coastline/
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