ADVERTISEMENT

‘Regulatory agencies not set up to raise funds for government’

The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, has faulted the Federal Government policy mandating all its agencies to meet revenue targets or their chief executives gets punished.

Mr. Peterside said it would be a misnomer to compel regulatory agencies to raise funds for government as that that would negate their core functions.

ADVERTISEMENT

Mr. Peterside spoke at the sidelines of the Convention on Business Integrity/The Integrity Organisation in partnership with ActionAid, Maritime Anti-Corruption Network, Nigerian Economic Summit Group, Lagos Chamber of Commerce & Industry and Business Day Newspapers held in Abuja, yesterday.

The regulatory conversations had the theme, ‘The Nigerian Regulatory Framework in the Transport/Maritime Sector Vis-a-vis National Development’.

ADVERTISEMENT

“The regulatory agencies are not set up to raise funds for government. Regulatory agencies are set up principally to reduce or mitigate risks and to protect public interests. So it will be erroneous to make revenue generation their focus. It will be injurious to the Nigerian people and it will not serve the interest of the Nigerian people,” Mr. Peterside side.

The NIMASA DG also noted that piracy remained a huge security challenge on Nigerian waterways, adding that until that is contained, Nigerian ports can never be competitive.


Share this article

HOW I BECAME FREE OF HIGH BLOOD PRESSURE

DIABETES TOTAL CURE

EKWENSI helps to revive and rejuvenate the Pancreas which is the root causes of Diabetes, which results to frequent urination and loss of weight, tingling of the feet’s and many.

This drug cures diabetes completely within 2months of frequent usage. Call Sam on 08124139999 or 08077776226



BREAKTHROUGH NATURAL CURE FOR PROSTRATE ISSUES IN JUST 15 DAYS!!!

You Can Prevent PROSTATE CANCER!!!

Your PROSTATE ENLARGEMENT Is REVERSIBLE

Don't Let It Threaten You!

To SHRINK And NORMALIZE Your PROSTATE Within 15 Days Without Surgery Or Chemical Drugs, Click Here!!!

Join us on


Send DTM to 4900 (MTN) or DTM to 655 (Etisalat) for regular updates and more

Share your story with us: 08189301900 (Whatsapp and SMS only) Email: dtonline@dailytrust.com Or use this form

Complain about a story or Report an error and/or correction: +2348189301900

DISCLAIMER: Comments on this thread are that of the maker and they do not necessarily reflect the organizations stand or views on issues.