The Guardian (Nigeria)

Ship owners want Nigeria to benefit more from $ 1 trillion industry

- By Sulaimon Salau

THE President, Ship Owners Associatio­n of Nigeria ( SOAN), Dr. Mkgeorge Onyung, has expressed commitment to creating wealth for members and positionin­g Nigeria to benefit more from the $ 1 trillion global shipping industry.

Speaking after a successful election that saw the renewal of his mandate for a second tenure of two years, Onyung said the shipping industry is worth about $ 1 trillion and Nigerians should earn more from the largesse.

In his acceptance speech, Onyung highlighte­d how some countries are prospering from global shipping, soliciting the support of relevant stakeholde­rs and government agencies, particular­ly the Nigerian Maritime Administra­tion and Safety Agency ( NIMASA), and the Nigerian National Petroleum Corporatio­n ( NNPC) among others.

He singled out Norway, noting that the country with about 45,000 vessels ownership, despite having only four months of free or unfrozen waters annually, has prospered immensely from global shipping.

He vowed that the SOAN under his watch, would engage every relevant stakeholde­r, government agency and internatio­nal operators, to ensure Nigeria optimises its natural environmen­t and endowments.

He, however, stressed the need for the government to disburse the Cabotage Vessels Financing Fund ( CVFF), an ‘ Esusu’, collected by the government from ship operators, solely for the developmen­t of indigenous Shipping. He said despite a consistent Esusu collection made in 18 years, the authoritie­s continued to sit still on it.

He assured that members would use the CVFF to buy ships and deploy it in the maritime sector.

He also solicited support from the Nigerian National Petroleum Corporatio­n ( NNPC) urging them to create opportunit­ies for Nigerian Ship owners to lift crude

Director- General, NIMASA, Bashir Jamoh, who was represente­d by Olu Adeniyi, urged ship owners to cooperate with the government in its policies to turn the industry around.

President, Nigerian Associatio­n of Master Mariners, Tajudeen Alao, urged SOAN to continue on the path of unity and improve local capacity in shipping.

Former Director- General, Chambers of Shipping, Ify Akerele, urged SOAN not to relent in its effort to create a robust maritime sector, calling for collaborat­ion with other groups in order to achieve a common goal.

Onyung was elected unopposed. The new executive members include Eno Williams as 1st Vice President; Sunny Eja, Second Vice President; Iroghama Ogbeifun, Luis Ekere and Babalola Adefarati.

 ?? GOOGLE IMAGE ?? Container terminal
GOOGLE IMAGE Container terminal

Newspapers in English

Newspapers from Nigeria