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NISA moves to acqiure more vessels from US, Turkey

By Ifeyinwa Obi

LAGOS—Basking in the euphoria of reaching an agreement with the Greeks ship-owners over provision of 40 ships to enhance capacity among its members in the Nigerian maritime sector, the Nigerian Ship-owners Association, NISA, has said that it had entered into another agreement, this time with American and Turkish partners on the provision of vessels not limited to product tankers alone.

Speaking in Lagos, the President of NISA, Capt. Niyi Labinjo, said “We are currently in talks with the Americans and the Turkish on the provision of vessels that are not limited to product tankers alone.

“We have under consideration all classes of offshore support vessels including anchor handling tugs, platform support vessels, utility vessels, crew boats, patrol boats etc. If you recall, under Earnest Nwapa, the Nigerian Content Development Monitoring Board, NCDMB, served a notice to all foreign vessel owners that their contracts will not be renewed on expiration.

“Therefore, we expect the International Oil Companies, IOC to engage Nigerian vessels in line with the provisions of the Cabotage Act and the NCD Act. We are therefore, gearing towards providing the required offshore support vessels.

“When this is fully operationalised, we expect about 700,000 direct and indirect jobs to be created with an annual $15 billion saved from capital flight.”




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