It is definitely no more business as usual for the oil multinationals in the country as the Nigerian Maritime Administration and Safety Agency (NIMASA) has barred them from enjoying waivers under the Cabotage regime.

Director-General, NIMASA, Dakuku Peterside, who disclosed this at a meeting with the Oil Producers Trade Sector (OPTS) in Lagos, said the agency would no longer encourage the application of any form of waivers under the Cabotage Act, particularly from the oil firms operators, as such does not help the growth of the Nigerian maritime sector and economy at large.

Peterside, therefore, urged industry players to draw up a five-year strategic plan for the cessation of application for Cabotage waiver and also pursue the utilisation of Nigerian-owned vessels for marine contracts. Nigeria’s Cabotage law requires that vessels be manned by Nigerians or has waivers to carry on trade along the country’s coast.

Peterside urged the International Oil Companies (IOCs) to support NIMASA’s bid to ensure full implementation of the Act, adding that it would equally be of more benefit to the investors in the sector as it will be cost effective for them to engage Nigerians.

Source: The Guardian