A Review of the Nigerian Energy Industry

Nigeria plotting return to international shipping – Hassan Bello

Nigeria plotting return to international shipping
*Vice President Yemi Osinbajo.

Vincent Toritseju

06 February 2018, Sweetcrude, Lagos — The Executive Secretary of Nigeria Shippers’ Council, Mr. Hassan Bello, has revealed Federal Government’s plan to return the country to international shipping.

Bello, who doubles as chairman, Nigerian Fleet Implementation Committee, NFIC, the Vice President, Prof Yemi Osinbajo has directed the NFIC and the Nigerian Investment Promotion Commission, NIPC, to review an existing proposal on the plan and work out the details of incentives that would make the plan work.

Also Read: NPA to raise awareness on need for clean waters

According to the executive secretary, the vice president also requested for a holistic and credible approach to address the issue and for the proposal to be represented for consideration and approval.

With the directive from the vice president, Bello said the committee has held meetings with the NIPC to work out the modalities for the granting and implementation of incentives to achieve the development and sustainability of the national fleet.

He said the vice president equally charged his committee to identify partnerships, benefits and the role of the private sector in achieving the Nigerian fleet project.

Also Read: NIMASA projects 10 percent increase in ship tonnage for 2019

Also, Bello lamented that oil rigs in Nigerian waters and the vessels which service them are owned and controlled by foreigners. He said even the vessels involved in coastal trade and inland waterways covered by the Cabotage Act are mostly controlled by foreign ship owners.

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