• Privacy Policy
  • Terms
  • About us
  • Contact Us
Thursday, June 8, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • 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

Motorists shun petrol filling stations as pump price peaks

Depot associations support subsidy removal, pledge 100 mass transit buses

Naira extends stability at investors, exporters window

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  APC'a senators interact, dine with Buhari

“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  6 cargo ships arrived in Lagos port complex

“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  23 ships discharge products 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

July petrol pump price ranges between N140.80 and N143.80
Economy/Technology

Motorists shun petrol filling stations as pump price peaks

June 8, 2023
Stable petrol supply excites Buhari
Economy/Technology

Depot associations support subsidy removal, pledge 100 mass transit buses

June 8, 2023
“Naira-4-Dollar” getting results
Economy/Technology

Naira extends stability at investors, exporters window

June 8, 2023
World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
Economy/Technology

Global economy in ‘precarious position’, World Bank warns

June 8, 2023
36 governors support fuel subsidy removal, other policies
Economy/Technology

36 governors support fuel subsidy removal, other policies

June 8, 2023
Tinubu denies manipulating NASS
Economy/Technology

Tinubu directs NEC to work on palliatives

June 7, 2023
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

Nigeria’s Pension fund assets grow by N1.11trn

PenOp urges inclusion of informal sector in micro pension scheme

February 24, 2022
Commission plans to liberate 38% illiterate Nigerians

U.S. firm to train 50,000 Nigerian youths on competitive skills

May 7, 2022
U.S moves to stop intelligence sharing over 5G

U.S moves to stop intelligence sharing over 5G

August 29, 2019

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Motorists shun petrol filling stations as pump price peaks
  • Depot associations support subsidy removal, pledge 100 mass transit buses
  • Naira extends stability at investors, exporters window

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • 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?