The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside has said the on-going construction of the multi-billion dollar Egina Floating Production Storage and Offloading (FPSO) project will increase the knowledge base of NIMASA as a safety administrator and enhance its regulatory capacity, Vanguard reports.

Peterside who made this known during a meeting with the Executive Vice President of Samsung, Mr Younsang Won, Representatives of Total Nigeria and the Vice President in charge of the Egina project, Yongho Jo, while on a working visit to inspect the project in the Samsung Shipyard at Samsung Heavy Industries in Geoje, South Korea, said that the project which is unprecedented in the history of Nigeria will increase the knowledge base of NIMASA and ultimately fetch the country much needed foreign exchange.

He commended Samsung and Total for having faith in Nigeria and efforts to comply with Nigerian content law. He also commended Samsung for having NIMASA surveyors on ground in South Korea to work with world class classification societies on the project which will make certification and passage of the project easier and faster. He however charged the Executive Vice President of Samsung to ensure compliance with Nigeria’s Cabotage law and other enabling Nigerian laws when the FPSO gets to Nigeria.