Nigeria Losses $700 Million Monthly on Crude Oil shipment-NISA

Photo source: beegeagle.wordpress.com
 Aminu Umar, the President of Nigeria Indigenous Ship owners Association (NISA), he said Nigeria was losing 700 million Dollars (137.9 billion Naira) monthly due to the dominance of crude oil shipment by foreign ship owners.
 Mr. Aminu, in an interview with  NAN stated this on Thursday in Lagos during the sideline of the Annual General Meeting of NISA.
He said Nigeria was losing that much due to the fact that the foreign ship owners had dominated the transportation of crude oil. 
 He urged the Federal Government to grant indigenous ship owners between 10 to 20 per cent allocation in lifting crude oil. Mr Aminu said "Almost 70 to 77 crude oil vessels load oil monthly out of Nigeria".
 "The foreign ship owners do not employ Nigerians and they do not pay tax. What we are telling the Federal Government is to give us the support, so that we can take at least 10 per cent of  the crude oil vessels operating in Nigerian waters".
 He said with government giving indigenous ship owners the chance to partake in 10 per cent allocation to lift crude oil, it would create jobs in Nigeria, the proceeds would be stored in Nigerian banks and also the indigenous ship owners would pay tax to the government.
Mr. Paul Kola explains how he got 50% of his revenue after investing it in this profitable platform

Comments

Trending Posts