Close Menu
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
Trending
  • Clarify Your Unionization, Control Of Freight Forwarders Comments, APFFLON Tasks MWUN
  • X-Raying Dantsoho’s Impressive Performance Scorecard At NPA
  • Annual Return: FIRS Chairman, Adedeji Directs Opening Of Tax Offices On Weekend 
  • Customs Spokesperson Advocates Data-Driven PR At APRA 26th Annual Conference In Kenya
  • PETROAN Raises Concern Over Dangote Refinery’s 4,000 CNG Powered Tankers For Petroleum, Diesel Distribution
  • Ports & Cargo Welcomes Largest General Cargo Vessel To Call The Terminal
  • NIMASA DG, Mobereola Meets With Korean Consul General In Nigeria 
  • Ebubeogu Advocates Designating Marine And Blue Economy Minister As Coordinating Minister of Blue Economy
Prime Time Reporters
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
Prime Time Reporters
Home » Blue Economy: Design A System That Will Enable Nigerians Own Ship, Bello Urges FG
Business

Blue Economy: Design A System That Will Enable Nigerians Own Ship, Bello Urges FG

Saint AugustineBy Saint AugustineDecember 7, 2024No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Former Executive Secretary of the Nigerian Shippers’ Council, NSC, Barr. Hassan Bello has urged the federal government to design a system that will enable Nigerians own ships and earn freight.

Bello who made this plea in his remarks at the 10th anniversary, lecture and awards put together by Primetime Reporters in Lagos recently observed that the consequences of ownership of vessels by Nigerians on the economy would be so much that it would shock Nigerians.

He identified inability of Nigerians to own ships as the bane of the blue economy in Nigeria even as he wondered how Nigeria could be called a maritime nation without a ship.

“There is not a single person who owns a ship that trades internationally and we used to have ships trading as far as Alaska, Germany, China and everywhere but not one now and that means we are not for all intent and purposes, a maritime nation.

“We spend billions of dollars giving foreigners freight, we spend billions of dollars, as a matter of fact, the carriage of our crude oil is on FOB basis – Free On Board, which means the buyer will come, bring a ship and take. Nobody, not a single country in OPEC does that and sometimes they ask us, why is it that you people are still on FOB? 

“We should have CIF carriage so that we will evolve the economy. If we have CIF carriage,  that means, we have ships that carry our products overseas. It will have profound impacts on our economy.

“We have had this talk with NNPC for a very long time and they are talking about risks. This oil is going to finish anyway, even if it doesn’t finish, how many years would you have oil? Maybe a hundred years. So, why don’t you take the risks for the rest of the life of the crude or whatever it is called and involve Nigerians”, he queried.

Bello who double as the Chairman of the event disagreed with those who believed that Nigerians were not experts even as he maintained that Nigerians did not lack capacity but opportunity.

“When you say you are going to bring in a tanker or something, there are many ways to operate but you involve our insurance companies, you involve our financial institutions and then, we have the benefits of that. That will bring so much money to Nigeria such that we will not have the problem of foreign exchange anymore and that’s what we are talking about diversification through export.

“My former boss, Chief Sarunmi said Nigeria will either export or perish because we are receiving goods any time and we are creating jobs for others. Why can’t the blue economy also centre on export? Export is the way to earn.

“I have seen a ship coming to Lekki port, they said about seventy thousand containers, one came to Grimaldi but what are they taking back? They sail empty. How can a country have that when we have a country? It looks like the country is angry with exporters. They have done everything to make sure that they export but at every turn, the government put impediment to export.

“Now one terminal is even slamming charges on export. How can you do that in the country that is promoting export? Our Ports are not actually constructed for export, they are constructed just for import, receiving import until we die. How can a country do that?

“So, it’s important we have the blue economy, we design a system that will enable Nigerians own ships and earn freight and the consequences of the economy will be so much that we will be shocked. Let our contract of affreightment of our oil be by us, that should also be the centre of our blue economy”, he submitted.

Photo: Photo: (L-R): Dr. Billy Sotubo Gillis-Harry, National President, Petroleum Retail Outlets Owners Association of Nigeria, PETROAN, Barr. Hassan Bello, former Executive Secretary, Nigerian Shippers’ Council and Chairman of the occasion and Mr. Victor Onyegbado Esq., lead paper presenter during the 10th anniversary, lecture and awards organized by Primetime Reporters in Lagos recently.

Send your press invite, news, press releases/articles to augustinenwadinamuo@yahoo.com. Also, follow us on Twitter @PrimetimeRepor1 and on Facebook on facebook.com/primetimereporters or call the editor on 07030661526.

Barr. Hassan Bello Blue Economy FOB Primetime Reporters @ 10
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleInsurgency: Our Success Story Is Huge, Says Defence Minister, Matawalle 
Next Article Cabin Crew Member Ascends To Become First Female Pilot In Nigeria Customs 
Saint Augustine
  • Website
  • Facebook
  • X (Twitter)

Saint Augustine is a seasoned freelance journalist and the chief editor of Primetime Reporters.

Related Posts

Annual Return: FIRS Chairman, Adedeji Directs Opening Of Tax Offices On Weekend 

June 16, 2025

PETROAN Raises Concern Over Dangote Refinery’s 4,000 CNG Powered Tankers For Petroleum, Diesel Distribution

June 16, 2025

NCC, Stakeholders Tackle Rural Connectivity Challenges

June 12, 2025
Leave A Reply Cancel Reply

Recent Posts

Clarify Your Unionization, Control Of Freight Forwarders Comments, APFFLON Tasks MWUN

June 17, 2025

X-Raying Dantsoho’s Impressive Performance Scorecard At NPA

June 17, 2025

Annual Return: FIRS Chairman, Adedeji Directs Opening Of Tax Offices On Weekend 

June 16, 2025

Customs Spokesperson Advocates Data-Driven PR At APRA 26th Annual Conference In Kenya

June 16, 2025

PETROAN Raises Concern Over Dangote Refinery’s 4,000 CNG Powered Tankers For Petroleum, Diesel Distribution

June 16, 2025
© 2025 Copyright Primetime Reporters.
  • Home
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.