The Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, said it has provided mentorship for maritime administrations to Gambia, Sierra Leone and Ghana among others on various issues such as Port and Flag State Administration and the Suppression of Piracy and Other Maritime Offences (SPOMO) Act.
The Director-General, NIMASA, Dr. Bashir Jamoh, disclosed this during an interactive session by the Senate Committee on Marine Transport with Chief Executive Officers of agencies of government in the nation’s maritime sector.… Read the rest
The poorly thought-out plan on fuel subsidy removal is biting the economy harder than the foresight of the current administration – leaving the Federal Government to choose either galloping inflation or partial return to the subsidy regime. That the local pump price has remained steady amid changes in the global crude oil price is a testament to the subsidy which the government has denied and for obvious reasons.… Read the rest
The cost of berthing a petrol-laden ship in Nigeria is five times higher than that of its West African neighbours – a development that is pushing up the country’s petrol prices, BusinessDay’s findings have revealed.
Analysis and expert opinions show that exorbitant ship berthing costs at Nigerian ports are contributing to the high lightering expense, a key element of the country’s landing cost of Premium Motor Spirit (PMS), popularly called petrol.… Read the rest