News

April 10, 2016

FG to end monopoly in oil & gas logistics supply

By Emeka Anaeto and Naomi Uzor

There are indications that the Federal Government would  review the laws and other directives guiding private sector operators in the maritime logistics services  to ensure level playing field.

This followed series of complaints trailing alleged monopoly and domination of the sector by one of the leading operators.

Jagal Group, owners of  Nigerdock and Snake Island Integrated Free Zone (SIIFZ), one of the major operators in the sector, said  uneven playing field had existed for over 20 years, adding that  it had  driven away investments from Nigeria.

Speaking during a  visit of the Comptroller-General, Nigeria Customs Service, NCS, Col. Hameed Alli (retd), the Chairman of Jagal Group, Mr Anwar Jarmallami, said  the Nigerian economy  was being sabotaged by the monopoly.

He noted that the monopoly had  used a non-existent law to justify the claim that all oil and gas cargo must first be discharged at its port of preference and that the monopoly had  consistently used this non-existent law to coerce the industry and service providers into doing its bidding and thereby undermining the economy.

 

 

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