Shipping: NNPC Considers Indigenous Coys, As Nigeria losing $1.9bn Annually

By Etuka Sunday

The Nigerian National petroleum Corporation (NNPC) has expressed its readiness to support indigenous fleet owners to enjoy greater patronage and participation in the oil and gas maritime business in Nigeria.
Chairman of the Committee, Mr. Hassan Bello said, Nigeria was losing $1.9bn to foreign ship owners annually therefore, appealed to the GMD to encourage NNPC subsidiaries to always engage indigenous shipping companies in their businesses.
The Group Managing Director of NNPC, Mallam Mele Kyari, gave the assurance while playing host to members of the Nigerian Fleet Implementation Committee who paid a working visit to the NNPC Towers, Abuja, on Wednesday.
The Group Public Affairs Division, NNPC,
Dr. Kennie Obateru in a statement quoted Mallam Kyari to have said with the scale of the Corporation’s activities in the maritime sector, NNPC would get more active in the affairs of the Fleet Management Committee with a view to strengthening the synergy between the Corporation and the private sector.
“We believe in this process, we will ensure that Nigerian ships enjoy a greater patronage in the business henceforth,” Kyari assured.
Speaking earlier, Chairman of the Committee, Mr. Hassan Bello, said Nigeria was losing $1.9bn to foreign ship owners annually while appealing to the GMD to encourage NNPC subsidiaries to always engage indigenous shipping companies in their businesses.
He urged NNPC to grant local shipping companies the right of first refusal in crude oil lifting contracts, saying it would help grow the economy and sustain their businesses.
The Chairman noted that the Committee was set up three years ago by the Federal Ministry of Transportation with a mandate to promote Nigerian ownership of ships and vessels to enable local companies take control of the shipping business which is in line with the economic diversification policy of the Federal Government.