The Federal Government’s attempt to monitor activities at Floating, Production, Storage and offloading (FPSO) facilities in the country so as to stop malpractices relating to crude theft may soon be successful, with plans for a device capable of tracking all vessels in Nigerian waters in the offing, The Guardian reports.

Under the proposal, all vessels that make any commercial voyages into Nigerian waters would have to key all information about them in a sever to be opened in Belgium. This information must contain, the country of origin, the ownership, and capacity in terms of tonnage, among other details which would help the government determine, at any point in time, the value and quantity of goods they are taking in and out of the country.

The Nigerian Shippers Council is said to be midwifing the project and the Central Bank of Nigeria (CBN) which is providing the technical collaboration, is supporting it. A presentation showcasing the ideals of the scheme to all stakeholders, including those in the oil and gas sector is to be done soon.