77 Foreign Vessels Lift Nigerian Oil Without Tax Monthly – Ship Owners

The president, Nigeria Ship owners Association of Nigeria (NISA), Aminu Umar has said that Nigeria was losing a huge amount of money due to the fact that the foreign ship owners dominate the transportation of the country’s crude oil.

According to him, “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,” Umar said.

Umar adds that “if government could give indigenous ship owners 10 per cent allocation to lift crude oil, they would create jobs for the teeming youths and would retain the proceeds in the nation’s banks.” Unlike the foreign vessel operators who freight out Nigerian crude oil without paying a dime to the federal government as tax, Umar said that indigenous ship owners would pay tax which would assist the government in carrying out its responsibilities.

Speaking exclusively to our correspondent, the chairman, Ministerial Steering Committee of the National Fleet, Hassan Bello, said tanker vessels will boost Nigeria economy and its earnings in freighting crude out of the country.

Bello, who is also the executive secretary of the Nigerian Shippers Council, which is at the forefront of resuscitating the tanker fleet, says the fund, which would have been moved out of the country as capital flight, will remain in the economy.

Bello said tanker fleet was part of their mandate. “When we set up a tanker fleet, the fund will remain with our ship owners and that will be in Nigeria economy. The Petroleum Ministry for the first time developed strategy that will allow Nigeria freight its crude oil,” Bello said.
Leadership, March 25, 2017

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