karl max: Kudos fg thank u for reviving most of this things that fetch the economY money that were deliberately killed off by our past leaders

tatosh: This desperate FG, trying to take credit for every little thing. The post clearly says its a private investment by a local company, what does Jonathan have to do with this?
The truth is the FG has achieved very little thats why they now want to take credit for hardworking Nigerians' hustle

karl max: if not for the local content policy of this administration would this had been possible?... past policies by those now in the opposition killed all our vaible economic sectors and even drove companies to other countries like ghana...

Paul John:

Like Obasanjo that is now in APC right?

karl max: like buhari(past head of state and played a major role in abacha's regime),tom ikimi (participated in ibb regime),el rufai(minister and attended fec meetings with obj),audu ogbe(one time pdp chairman),bello massari (formal speaker of the house of rep)just to mention a few.

tatosh: This desperate FG, trying to take credit for every little thing. The post clearly says its a private investment by a local company, what does Jonathan have to do with this?
The truth is the FG has achieved very little thats why they now want to take credit for hardworking Nigerians' hustle

The Federal Government has said it is ready to grant approval to indigenous shipping firms to export crude oil and stem the nation’s huge capital flight.

This is coming 17 years after the liquidation of the Nigerian National Shipping Line, which paved the way for only foreign marine tankers to move the nation’s crude oil.

Nigeria is said to have lost over $100bn in five decades by allowing its crude oil to be carried exclusively by foreign owned tankers.

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, and the Senior Special Adviser to the President on Maritime Sevices, Mr. Olugbenga Oyewole, spoke about the planned approval for local shipping firms to move crude oil on Friday at the unveiling of two high-capacity oil vessels in Warri, Delta State.

An indigenous firm, Ocean Marine Tankers, which owns the two vessels, has also applied to the Nigerian Maritime Administration and Safety Agency for a national carrier status, according to the top government officials.

But before the approval, which NIMASA promised to facilitate in a few weeks, the vessels would supply crude oil to the Warri and Kaduna refineries, they said.

Alison-Madueke said the government was committed to the full implementation of the Cabotage Law and the Nigerian Content Law, which provide that 50 per cent of government’s cargoes should be carried by Nigerian vessels.

The minister, who spoke through the Group Executive Director, Refineries and Petrochemicals, Nigerian National Petroleum Corporation, Mr. Anthony Ogbuigwe, also said the menace of oil theft and pipeline vandalism had compelled the government to use ships to transport crude oil.

She urged all oil communities to stand up against the crimes and expose their perpetrators.

Oyewole described the coming of the two vessels as a new dawn in the nation’s maritime industry.

“Critics have said, ‘If Nigerians have what it takes to carry the Nigerian cargo, they should show it.’ They have thought it impossible, but here we are, MT Abiola and MT Igbinosa have landed. They are 45,000-metric tonne vessels to carry the Nigerian cargoes,” he said.

bloggernaija: Why is this guy wasting the country's money.
the federal government has no business running a business.

Obiagelli:
the article clearly say 17yrs ago, pdp spoil am pdp repair am, what has buhari got to do with it, so of you talk as if nothing ever worked in Nigeria.

Obiagelli:
the article clearly say 17yrs ago, pdp spoil am pdp repair am, what has buhari got to do with it, so of you talk as if nothing ever worked in Nigeria.

i_laugh:

sometimes I wonder if you use your brain at all.

OMO IBO:
Did you read the artcle??