NIMASA to end foreign dominance in crude lifting with new measures

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The Nigerian Maritime Administration and Safety Agency (NIMASA) is set to end foreign domination of crude oil lifting as it plans to introduce new measures that will pomote indigenous participation in the highly lucrative business, The Nation reports.

Its Director-General, Dr Dakuku Peterside, it was gathered, has concluded arrangements to introduce new policies that will enthrone the participation of many Nigerians. Speaking on the side line of the World Maritime Day, organised by the Ministry of Transportation last week in Lagos, Peterside decried the monopoly, which precludes indigenous shipowners from participating in the highly-lucrative enterprise.

He promised to assist in building indigenous operators’ capacity to participate actively in the business of ferrying Nigeria’s oil and gas resources and added that the involvement of indigenous shipowners in the trade would be in the national interest. The DG also called on International Oil Companies (IOCs) to engage eligible Nigerians in the lifting of the country’s hydrocarbons.