Breaking News

PIB will stimulate economic activity in maritime sector, Ladan

The Group Managing Director of the NNPC, Malam Shehu Ladan, says the Petroleum Industry Bill (PIB) will promote economic activity among Nigerian ship owners who freight crude oil. An NNPC statement in Abuja on Monday quoted Ladan as speaking at a reception held in his honour and two other members by the Indigenous Ship-owners Association of Nigeria (ISAN) in Lagos.

ISAN also honoured Capt. Emmanuel Ihenacho, the Minister of Interior and Alhaji Yusuf Sulaiman, the Minister of Transport. Ladan said the PIB, if passed into law, would provide the needed environment for ship owners involved in crude transportation to increase their working relations with the NNPC to boost investment.

He said that with the signing into law of the Nigerian Content Bill by Acting President Goodluck Jonathan, Nigerian ship owners would become active players in the the country’’s water ways.

“This will go a long way in strengthening the economy. I want to assure you that NNPC, under my tenure, will do whatever it takes to support the ship owners to get return on their investment.  Ship owners will not fail. I believe this will give Nigerian flagged ship its pride of place in the maritime industry,”” Ladan said.  The GMD applauded ISAN for the honour done to him and the others, soliciting for the body’s collaboration to sustain the effective export and import of petroleum products.

The Minister of Interior, Capt. Emmanuel Ihenacho pledged his commitment to the growth of the maritime sector in the country. He said that indigenous ship owners would be encouraged to participate in the freighting of crude products, moreso, that a friend of the industry had become the Group Managing Director of the NNPC.

In their separate goodwill messages, the Group General Manager (Group Public Affairs Division of the NNPC), Dr Levi Ajuonuma, and the Direction of the Lagos Business School, Prof. Pat Utomi, congratulated the honourees.

They described ISAN as one professional association that had provided expertise and was capable of making the Nigerian economy to be one of the greatest economies by 20:2020. The Chairman of ISAN, Chief Isaac Jolapamo, felicitated with the GMD and the two other honourees for their appointments and described them as round pegs in round holes.

He assured them of the association’’s partnership and urged them to use the little time left for them to deliver the dividends of democracy to the shipping industry. Among dignitaries at the event were former Chief of General Staff, Admiral Mike Aikhigbe and the Lagos State Governor Babatunde Fashola, who was represented by a Commissioner.


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