SHIP Owners Association of
Nigeria (SOAN) at the weekend,
urged the Federal Government to
pay quality attention to shipping
if the country must optimally
harvest its maritime endowments,
especially in terms of youth
employment opportunities.
The SOAN President, Engr.
Greg Ogbeifun indicated this in
Lagos, while at pre-AGM media
briefing which held at the SOAN
Lagos Secretariat, Ikoyi, noting
that while port activities have
been low in Nigeria, it is still
bustling even at the nearby Ports
of Cotonou, as a result of sheer
Government policy.
“The draconian charges are
discouraging things”, the SOAN
Arrowhead, Ogbeifun stated,
pointing out that the inadequacy
of any tangible protection from
institutional platforms like
Nigerian (local) Content Board
has continued to ensure the
dominance of foreign shipping
operators, even in purely local /
Cabotage operations.
He commended the Federal

Government as well as the
Minister of Transportation,
Rotimi Amaechi, for finally
demonstrating seriousness in the
direction of breaking the jinx of
executing the Cabotage Vessel
and Financing Fund (CVFF),
stressing that SOAN’s current
efforts were to ensure that at least,
the fund is made available to the

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next generation of ship owners,
even if it eludes the present
He however frowned on
the continuing provision of
waivers to foreign shipping
operators, highlighting the
close demarcation line between
the astronomical cost of doing
business in the maritime
industry and the helplessness of
indigenous operators to assist
Government in creating new
opportunities for citizens.
Speaking on the SOAN’s End
of Year AGM slated for Thursday
December 7, 2017, Engr Ogbeifun
noted that the event would indeed
provide a unique opportunity to
listen to distinguished revered
Speakers dissect issues of Finance,
and impetus needed to stimulate
the GDP of the nation’s economy.
He identified some of the revered
Speakers as the Governor of the
Central Bank of Nigeria, Emefiele
who would present the lead paper;
former NIMASA Director General,
Mfon Usoro who would critically
appraise the bottleneck against
flying the Nigerian flags by vessels
and the Bank of Industry Executive
Director, in charge of Large
Enterprises, Simon Aranonu.
“The Workshop is expected to
bring together All Shipowners in
Nigeria, policy makers, notable
business leaders, Captains of
the Maritime Industry in both
the private and public sectors to
examine measures by which the
fortunes of the Nigerian Maritime
Industry can be improved upon so

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as to add to the Nation’s GDP as
the Nigerian Economy begins to
rebound from recession”, Engr
Ogbeifun posited, adding that
the event with the theme “Giving
Critical Life-line to the Nigerian
Maritime Industry’’ would have
in attendance, the Executive
Governor of Edo State, Mr.
Godwin Nogheghase Obaseki,
the Minister of Transportation,
Rotimi Chibuike Amaechi; and
the Managing Director of the
Nigerian Ports Authority (NPA),
Ms. Hadiza Bala Usman.
Others are the Director
General of the Nigeria Maritime
Administration & Safety Agency
(NIMASA), Dr. Dakuku Peterside;
the Executive Secretary of the
Nigerian Shippers Council, Mr.
Hassan Bello; the Rector, Maritime
Academy of Nigeria, Oron,
Commodore Emmanuel Effedua
(Rtd.) and a Representative of the
Managing Director of National
Inland waterways Authority
Other distinguished guests
expected at the event are Dr.
Ravi Mehrotra, the Executive
Chairman of Foresight Limited
and Chairman EICC, Brussels; as
well as the Chairman/MD, M.E
Consulting Limited, Mr. Victor
“This is an opportunity to
meet and interact with stalwarts
of the Maritime and Shipping
sector; and network with decision
makers of the Industry”, the
SOAN President further stated.
Credit: Maritime First.

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