The transportation ministry is supposed to collaborate with the CBN and finance ministry in disbursing the funds.
The appeal was made at the training of the Waterfront Boat Owners and Transporters Association of Nigeria on Saturday in Lagos.
Japan has reiterated its commitment to contributing to the security of Nigeria and other West African countries through maritime safety.
The NIMASA DG said some of the crimes in the state were carried out by illegal immigrants whose identities were unknown to the government.
Mr Odili had in October 2016 dragged Mr Peterside to court demanding N6 billion as damages for character defamation.
“This vessel was not in our jetty and under our management…the crew onboard does not report to NIMASA but Global West management, its owners.”
“The policy would ensure that the country could harness its blue economy,” the DG of NIMASA said.
The minister said NIMASA’s mandate was to act as a regulator of maritime safety and security.
According to the DG of SEMA in Cross River, the state does not have the resources to take care of all the returnees at once.
