- Advertisement -spot_imgspot_imgspot_imgspot_img
HomeBusinessHow Nigeria Can Curb $1.9bn Annual Loss To Foreign Ship Owners -NSC

How Nigeria Can Curb $1.9bn Annual Loss To Foreign Ship Owners -NSC

- Advertisement -spot_img


By Babajide Okeowo


The Executive Secretary of the Nigerian Shippers’ Council, NSC Hassan Bello has appealed to Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation, NNPC to encourage subsidiaries of the oil firm to always engage indigenous shipping companies in their businesses.

This, he said is necessary to curtail the annual loss of $1.9bn by Nigeria to foreign ship owners.

Bello who is also the chairman of the Nigerian Fleet Implementation Committee, disclosed this when he led members of the NFIC on a working visit to the headquarters of the Nigerian National Petroleum Corporation.

He urged NNPC to grant local shipping companies the right of first refusal in crude oil lifting contracts, saying it would help grow the economy and sustain their businesses.

Bello told Kyari that the committee was set up three years ago by the Federal Ministry of Transportation with a mandate to promote Nigerian ownership of ships and vessels.

This, he said, would enable local companies to take control of the shipping business which was in line with the economic diversification policy of the Federal Government.

On his part, Kyari said NNPC would support indigenous fleet owners to enjoy greater patronage and participation in the oil and gas maritime business in Nigeria.

He noted that with the scale of the corporation’s activities in the maritime sector, NNPC would get more active in the affairs of the fleet management committee with a view to strengthening the synergy between the oil firm and the private sector.

- Advertisement -spot_img
- Advertisement -spot_img
Stay Connected
Must Read
- Advertisement -spot_img
Related News
- Advertisement -spot_img


Please enter your comment!
Please enter your name here