• Privacy Policy
  • Terms
  • About us
  • Contact Us
Sunday, May 22, 2022
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Council seeks incentives to boost indigenous ship operations

The Matters Press by The Matters Press
January 15, 2022
Reading Time: 3 mins read
0
Council seeks incentives to boost indigenous ship operations

The Executive Secretary, Nigerian Shippers’ Council (NSC), Mr Emmanuel Jime, on Friday said the council would pursue incentives that would boost indigenous shipowners operations.

RELATED POSTS

Farmers laud AfDB’s $35m SIP in Ghana, seek replication in other nations

AfDB’s ‘High 5’ programme impacts 335m Africans

Experts task CBN on realistic approach to monetary policy

Jime said this when Dr Mkgeorge Onyung, President, Shipowners Association of Nigeria (SOAN), paid him a courtesy visit in Lagos.

Jime,  also Chairman, Nigeria Fleet Implementation Committee, said it was critical that the incentives be implemented for Nigeria to assume its rightful place as a maritime hub.

He said that as the chairman of the fleet implementation committee, he would push for a zero import duty on vessels.

On funding, Jime said that the committee was thinking of establishing a shipping sector support fund and export tariff waiver for Nigerian vessels.

“On other incentives, shipping community should be given the right of first refusal for national carrier procurement processes of all cargo without any exception, as when implemented will benefit them.

ALSO READ  Nigeria loses $40bn to foreign ships owners

“We are also advocating for a work permit to be issued only upon verification of unavailability of ratings and officers.

“If the ratings are not given the protection and cover they need, then they will be unable to face the competition with foreign shipping lines and companies,” he said.

Jime also called for a change in the country’s crude oil trade policy noting that at the moment, there was no sufficient participation of Nigerian shipowners in this area of the economy.

He said  the council’s advocacy was for the existing policy that denied Nigerian shipping community participation in oil and gas business be changed.

Jime urged the Corporate Affairs Commission (CAC) to adopt a zero duty for ship finance registration, stressing that the fleet implementation committee under his watch would pursue these things.

Jime said the meeting was germaine as it would pave way for discussion with the association as regards the shipping industry and plans to position Nigeria to take its rightful place, as a maritime hub.

ALSO READ  Alarm: Illicit financial flows damage Nigerian economy

“Unless and until we get to the point where ship ownership is addressed effectively, we are never ever going to attain that position, assumption of being a maritime hub.

“Therefore, the Shippers’ Council giving this responsibility of leading the fleet implementation committee has already identified a number of areas that will be of interest to the association,” he said.

Jime noted that the council would facilitate the engagement of domestic and international bodies in public and private sectors toward the attainment of the objectives of establishing a Nigerian fleet.

He said that an institutional framework especially the legal aspect, would be developed to anchor the Nigerian fleet, develop strategies that would incentivise the private sector to invest in ship ownership.

“The ship will be registered in the Nigerian ship registry.

ALSO READ  22 ships discharge goods in Lagos

“We will set out action items that will encourage the development of ship building and repairs facilities, we will provide guidelines and recommendations to augment maritime manpower capacity.

In his remark, Onyung said maritime was the biggest business worldwide  that held the key to unlocking the economic prosperity of Nigeria.

He said if the country did not have ships, there would be no port, no customs and so many other things.

He said that Norway owned 45,000 ships worldwide having only population of 5.3 million people and its waters frozen eight months in a year, only free for four months.

“Each day, one or two of their ships visit Nigeria port.

“We have the capacity and we want to employ you that we want to work together, nobody will reinvent the wheel for us, it is already set just for us to do what others are doing,” he said.

Tags: Ships
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria to allocate $200m for creation of agricultural service centres
Agriculture

Farmers laud AfDB’s $35m SIP in Ghana, seek replication in other nations

May 22, 2022
Nigeria gets AfDB’s $14m as member of ATI
Economy

AfDB’s ‘High 5’ programme impacts 335m Africans

May 22, 2022
Nigeria’s food monthly imports dip
Economy

Experts task CBN on realistic approach to monetary policy

May 22, 2022
BOI wins award for $1bn syndicated term loan facility
Business

BoI grows Profit by 75%, declares N7.89bn dividend

May 22, 2022
Nigeria, WFP worry over food situation
Agriculture

AfDB approves $1.5bn to avert food crisis on the continent

May 21, 2022
Nigerian firms to handle $4b gas project
Foreign

Nigeria, Cote d’Ivoire to deepen bilateral relations

May 21, 2022
Next Post
FMDQ’s turnover hits N24.03trn in September

FMDQ admits MeCure Industries commercial papers

Covid-19 causes GDP’s contraction

Manufacturers CEO index up 1.4 points in Q4′ 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

China’s trade surplus with U.S dips

Nigeria will sign free trade deal in July – Oramah

June 16, 2019
Nigeria’s food monthly imports dip

Commendations herald retention of MPR at 11.5%

May 27, 2021
NDLEA uncovers large consignment of drugs

NDLEA arrests drug kingpins, recovers 5,862kg drugs in Lagos

February 27, 2022

Popular Stories

  • 79 candidates for presidential election

    INEC wants to make you rich, bid for new jobs

    0 shares
    Share 0 Tweet 0
  • Universities approved to operate distance learning centres

    0 shares
    Share 0 Tweet 0
  • IMF’s reasons for Nigeria’s economic recovery

    0 shares
    Share 0 Tweet 0
  • Missing fighter jet found dead

    0 shares
    Share 0 Tweet 0
  • PawaPlus launches app to make access to electricity easy

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Farmers laud AfDB’s $35m SIP in Ghana, seek replication in other nations
  • AfDB’s ‘High 5’ programme impacts 335m Africans
  • Experts task CBN on realistic approach to monetary policy

Categories

  • Agriculture
  • Business
  • Culture
  • Economy
  • Economy
  • Entertainment
  • Features
  • Finance, Money
  • Foreign
  • Health
  • Lifestyle
  • Multimedia
  • News
  • Oil, Gas
  • Opinion
  • Photo
  • Politics
  • Politics/Social
  • Religion
  • Security
  • Special News
  • Sports
  • Tech
  • Thematterspress
  • Trade, Industry, Technology
  • Travel
  • Uncategorized
  • Video
  • World

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Special News
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?