Breaking News
Translate

Cabotage: NIMASA reads riot act to IOCs

By  Godwin Oritse
THE Nigerian Maritime Administration and Safety Agency (NIMASA) yesterday warned international oil companies operating in Nigeria to either adhere to the provisions of the Cabotage law or face severe sanctions.

NIMASA’s Director General, Mr Temi Omatseye, said that the agency’s move to ensure compliance to the Cabotage law was not to stall their operations or businesses, but to ensure full participation and benefits of the law to Nigerians.

Omatseye stated that the agency’s decision to regularly meet with IOCs was to create an interface between the regulator and the regulated, adding that NIMASA will continue to bridge the communication gap with stakeholders.

“We will continue to do this to bridge the communication gap. The Cabotage law is not meant to scare anybody, but to empower Nigerians to effectively participate in coastal trade activities.

“Our resolve to ensure compliance to the law might cause you (IOCs) a little inconvenience, but at the end of the day every body will be happier for it because we see you as our partners in progress,” he added.

The NIMASA boss noted that there is a near zero compliance to the law.


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.