At the Nigerian Ship Registry Interactive forum in Lagos last week, the Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, spoke on the ongoing reforms in the Registry.
, Dr Dakuku Peterside, spoke on the ongoing reforms in the Registry. But stakeholders, who spoke on the sidelines of the event, identified policy somersault, involving periodic reversals of policies generally deemed to support the growth of the sector, as the major inhibition to the growth of the sector and economic development. In this report,The importance of maritime, particularly the shipping industry in development, cannot be over-emphasised.
“Immediately after, the Implementation Monitoring Committee was inaugurated on 20th August, last year, to chart a course for the implementation of the recommendations. “We are, therefore, considering establishing a second or international register to help grow our fleet and input our footprints in international commercial trade,’’ he said.
“There are critical constraints in our country that impede the development of the non-oil sector. Some of the critical issues, which were also identified by the World Bank were inconsistency in government policies and competitiveness of our ports. The official complained about the inability of the Federal Government to ensure that many Nigerians were involved in lifting of its crude oil.
The act restricted the use of foreign vessels in domestic coastal trade to grow indigenous tonnage. It also made provisions for securing jobs for qualified and upcoming Nigerian cadets being trained in various maritime institutions of the world. To bridge the gap created by insufficient vessel supply for shipping- related business, the Act further created certain clauses to accommodate granting of waivers of various categories to foreign-owned vessels in the event that Nigerians fail to produce the needed vessels or qualified manpower to man Cabotage vessels, own ship yards to build Cabotage vessels and acquire the specific vessels required for a particular Cabotage trade.
Peterside said the agency was engaging with the Federal Ministry of Finance and the Nigeria Customs Service to create a special tax incentive for Nigerians bringing vessels into the country.
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