‘National Fleet Will End Capital Flight’


Dakuku Peterside

 Eromosele Abiodun

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has said that Nigerians will be able to lift crude oil for export immediately the national fleet comes into operation.

Dakuku, who was speaking at the Nor Shipping Conference and Exhibition in Oslo, Norway, recently, said it would also end the capital flight associated with the present arrangement where Nigeria sells its oil on free on board basis to customers.

The development, he further said, would also lead to job creation.

He said the new national fleet would be owned 49 per cent by a technical partner and the balance of 51 per cent by Nigerian investors.

According to the plan, the Nigerian investors would hold equity in lots, so there will be no domineering shareholder.  He said the planned national fleet would be private sector-led for sustainability and profitability.

“The national…

Source: Thisday Newspaper