The Federal Government says it will soon unveil incentives for indigenous ship owners in the country.
The Executive Secretary/Chief Executive Officer, Nigerian Shippers’ Council (NSC), Emmanuel Jime, disclosed this recently while hosting members of the Nigerian Shipowners Association (NISA) in his office in Apapa, Lagos,
Jime, who assured indigenous ship owners that the Federal Government will soon unveil incentives to enable them acquire and maintain ships, listed the incentives to include zero import duty of vessels, abolition of the controversial temporary importation permit imposed by the Nigeria Customs Service, and setting up of a Shipping Sector Support Fund.
“Ship ownership, to me, represents a central place in the maritime industry. I can also go further to say that if Nigeria is actually going to take its rightful place and be recognized as a maritime hub, then ship ownership would become topical as far as the industry is concerned.
“So, that, to me, is the reason I consider this visit as one of the most important engagements I’ve had since my arrival in this assignment”, he said.
He noted that unless the Nigerian ship owning community grows and becomes competitive enough to take centre stage as far as shipping activities are concerned, Nigeria will not derive maximum value from the maritime industry.
According to him, the Nigerian Fleet Implementation Committee has been saddled with the responsibilities of mobilizing the public and private sectors in a bid to establish a strong ship ownership community in the country.
“We have also been mandated to develop a framework that would support the establishment of a sustainable Nigerian Fleet.
“Also, we are given the responsibility to develop strategies that will incentivise. In other words, incentives that are needed to be put in place. These are strategies that will engender incentives for ship owners.
“We are also saddled with the responsibility to set out action items that would encourage the development of ship building and ship repair facilities. Then, we will provide guidelines and recommendations to augment the maritime manpower capacity.
In response to what the stated incentives are, he said, “the first, which I believe, is topical and and which  we have been discussing is the ability to access zero import duty of vessels.
“I know that part of that has been achieved, but there are lots more to go down the road to abolish temporary importation permit to impose stringent measures. This concerns the Nigeria Customs Service.
“We believe that the key incentive is the Shipping Sector Support Fund. We are talking of shipping and it is an area that is highly capital intensive. So, if you are able to put that job of the fund in place as an incentive, other things would be easier. We also believe that waiver of export tariffs for the use of Nigerian vessels is also key,” he concluded.

By: Chinedu Wosu