FG approves zero import responsibility for vessels

 FG approves zero import responsibility for vessels 2

Dr Bashir Jamoh, Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), says the Federal Government has authorised zero import responsibility for ship homeowners to accumulate vessels.

Jamoh disclosed this in a session on the maiden version of the Nigeria International Maritime Summit (NIMS) held in Lagos on Tuesday, with the theme, ‘Becoming a Significant Maritime Nation’.

He stated that for the nation to grow to be a maritime nation, areas resembling safety and incentives that are bodily and financial to assist the sector develop must be appeared into.

Jamoh added that the zero import responsibility, a bodily incentive introduced to the ministry, had been authorised in August and this might create a scenario the place the nation shall be having a nationwide fleet.

“The maritime industry cannot achieve anything without security and we are pushing towards that and the major issue is to sustain the tempo.

“All mode of transportation, be it rail, road and air, have enjoyed incentives only the shipping sector. We are pushing for two types of incentives, physical and monetary, and I am pleased to announce that the physical have been granted.

“The federal government have granted the physical incentive which is zero import duty for ship owners and what is remaining is the monetary one and we are interfacing with stakeholders on this,” he stated.

Jamoh stated that talking as a regulator, the nation is aspiring to be a maritime nation was not debatable however mandatory as no nation immediately may develop with out the maritime trade.

Mr Temisan Omatseye, former Director General, NIMASA, famous that constituting a authorized framework and taking possession of the nation’s pure endowment would allow the nation obtain a maritime nation.

“Being a maritime nation requires more than providing seafarers and ships, relying on resources on the sea, we must think, breathe and act maritime.

“The country have navigable waterways that has not been used and should be used,” he stated.

Also, Mr Binyah Kesselly, fast previous commissioner, Liberia Maritime Authority, stated that the financial base of every nation wanted to be accomplished in order that synergy of nations to realize maritime nation might be felt.

He advocated the necessity for specialisation, saying that every nation ought to have their largest benefit, like Nigeria being a gateway for port for different international locations.

“The starting point should be the comparative advantage which each country has, and everyone must be integrated,” he stated.

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In her welcome speech, the Chairperson of the NIMS, Mrs Mfon Usoro, burdened the necessity to deliver all mandatory Ministries collectively in bid to get them in sync to undertake a holistic maritime nationwide technique.

According to her, a complete authorities strategy to undertake the maritime trade development is essential to attaining the anticipated targets of the delivery sector.

“How can we have Nigerians that own vessels but choose to use the shipping registries of other nations?

“ This Summit focuses the attention of policy makers, regulators and the industry operators on a critical segment that some consider the substratum for economic growth, the centerpiece for commerce, security and indeed livelihood,” she stated.

Also Mr Emeka Akabogu, Chief Executive Officer, NIMS, stated the essence of the summit was to harness the potentiality within the maritime sector, including that the abundance of trade throughout the sector must be represented within the output within the sector.

He stated that this might work if there was a cohesive framework. All the assets in particular person subsector turning into helpful and harnessed to grow to be a market.

“So we are here to achieve a market place for the maritime industry so that whoever that is coming within the waters of west and central Africa will see Nigeria as a compulsory destination for transit.

“That way they will spend money and this will impact on the Nigerian maritime sector,” he stated.

The NIMS is the one whole-of-value-chaim enterprise occasion for worldwide organisation, coverage makers regulator and others in Nigeria’s maritime trade that highlights an important difficulty affecting maritime funding and operations in Nigeria. (NAN)

Vanguard News Nigeria

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FG approves zero import responsibility for vessels

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