Maritime Academy eyes N24 billion revenue

He said the projected expenditure include overhead cost of N8, 787, 698, 249.52; personnel emoluments of N1, 356, 817, 590.36; and capital expenditure of N13, 855, 241, 848.55.

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He said total expenditure is expected to N23, 999, 757, 688.44.

The Acting Rector said in the past one year, the institution has been repositioned to greater heights.

“In 2025 during the graduation ceremony out 2021 cadets that graduated we were able to get automatic employment and sea time experience for 80 of them.

“We mobilized intensively with stakeholders in the Maritime industry in particular the ship owners and that resulted in what we had in November 2025 during the graduation ceremony

“In addition to that between December and February 2026, we signed and MoU with NLNG Shipping and Marine Services Limited for a three year duration agreement to provide onboard training opportunities for cadets of MAN. That has been implemented and we have successfully placed 43 of the cadets on NLNG ships and they are sailing with the vessels,” he said.

He said MAN has received two international certifications for its quality management systems and also got certified for education organizations management systems.

He added that MAN also achieved 24 hours power supply to all cadets and students on campus.

Chairman of the Committee, Hon. Khadija Waziri-Bukar A. Ibrahim, said the institution remained central to Nigeria’s maritime capacity development and human capital advancement.

She said the maritime sector is a vital pillar of Nigeria’s economy.

“It supports international trade, enhances national security, and creates employment opportunities for our teeming youth. As a foremost training institution, the Maritime Academy of Nigeria, Oron plays a critical role in producing skilled manpower required to sustain and grow this sector.

“However, we are not unmindful of the challenges confronting the Academy-ranging from infrastructure deficits, training equipment gaps, accreditation requirements, to the need for modern simulation facilities that meet global maritime standards. These issues must be adequately reflected in your budget proposals, with clear justifications and measurable outcomes,” she said.

She said the Committee is committed to supporting initiatives that will enhance the quality of maritime education and training; improve infrastructure and learning facilities; strengthen staff capacity and welfare; promote international certifications and standards compliance; and ensure prudent and transparent use of public funds.

“At the same time, we expect the Management of the Academy to demonstrate a high level of fiscal discipline, accountability, and strategic planning. Budgetary allocations must translate into tangible improvements that can be seen and felt by cadets, staff, and the nation at large.

“As you present your budget, we urge you to be concise, factual, and transparent. Provide clear insights into your revenue projections, expenditure framework, ongoing projects, and priority areas for the fiscal year. The Committee will engage constructively, ask necessary questions, and make recommendations in the best interest of the sector and the Nigerian people,” she said.

She said the engagement was not adversarial but collaborative.

“Our shared goal is to strengthen the Maritime Academy of Nigeria, Oron into a world-class institution capable of competing globally and contributing meaningfully to Nigeria’s blue economy,” she said.