Ship own­ers want for­eign­ers dis­en­gaged from lift­ing of crude

Daily Trust - - BUSINESS -

The Nigeria Ship Own­ers As­so­ci­a­tion (NISA), yes­ter­day, urged the Federal Govern­ment to en­sure that only Nige­ri­ans lift the coun­try’s crude oil.

The Gen­eral Sec­re­tary of NISA, Capt Niyi Labinjo, told the News Agency of Nigeria (NAN) in La­gos that adopt­ing this mea­sure would lead to cre­ation of em­ploy­ment, gen­er­a­tion of rev­enue and im­prove­ment in the na­tion’s se­cu­rity.

NAN re­calls that the Min­is­ter of Petroleum Re­sources, Mrs Diezani Ali­son-Madueke, said in Abuja on April 25 that indige­nous ship own­ers lift about 60 per cent of Nigeria crude.

Ali­son-Madueke said that over 60 per cent of the 2014 /2015 an­nual term con­tracts for the lift­ing of Nigeria’s crude had been awarded to lo­cal firms.

She noted that as at the last count, indige­nous in­vest­ments in the sec­tor had cre­ated over 40, 000 jobs across the hy­dro­car­bon value chain.

Labinjo said that it was more prof­itable for a Nige­rian ship to lift crude be­cause the coun­try was los­ing a lot by us­ing for­eign ves­sels.

“We will gain about N968 mil­lion a day if we use our own indige­nous ships to lift crude oil.

“This is be­cause Nigeria car­ries about 2.5 mil­lion bar­rel of crude a day at the rate of two dol­lars 50 cent per bar­rel.

“This huge sum would have ac­crued to Nigeria and cre­ate the room to em­ploy at least 5,000 pro­fes­sion­als in the sec­tor.

“The ad­van­tage is that indige­nous ships will get their wa­ter, food, tug boat, chan­delling, en­gi­neers and rags from Nigeria.

“There are many qual­i­fied Nige­ri­ans in these fields but they go about with­out jobs.

“Us­ing for­eign ves­sels is not in the best in­ter­est of the na­tion be­cause when the de­pen­dant coun­try has cri­sis Nigeria may have chal­lenges lift­ing its crude,’’ he said.

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