shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Maritime Security: Iheanacho Wants Navy Properly Funded

Maritime Security: Iheanacho Wants Navy Properly Funded

by Joshua
January 18, 2010
in Uncategorized

Even as opposing camps in the quest for safety and security on Nigerian waters strategize, a frontline master mariner and oil industry magnate, Capt Emmanuel Ihenacho has called for more funding for the Navy to enable the outfit to establish an operational base on the high seas. 

This, according to him, is important if government is desirous of curbing piracy on the nation’s waters. The base will enable the Navy to monitor activities of the pirates and sea robbers and also protect ships coming into Nigeria.

 Speaking in Lagos last weekend to a selected team of media men, Capt. Ihenacho who is also Chief Executive Officer of Genesis Shipping Worldwide and Integrated Oil and Gas, condemned the attack on crew members of fishing trawlers whom, he said, caused the problem by selling their catches in the ports illegally, keeping their money on board and thus creating opportunity for the attackers.

On how to move the maritime industry forward in 2009, he called for plans to be put in place for ship building and other vital sector of the industry, noting that those who have vast knowledge and experience in shipping and maritime at large must be adequately engaged to involve policy and its implementation.

“We must evolve proper plans for the development and ship building; we cannot continue to operate when those who are vast in shipping and maritime are sidelined. These people should be employed to evolve policy for the industry”, Ihenacho said.  

According to him, the partnership between NIMASA and NNPC on
Cabotage is sustainable and a good development for Nigerian ship owners. He enjoined the ship owners to seize the opportunity which would be created by the plan of NNPC to ferry crude oil from the Escravos to Warri Refinery for refining, letting the management of NNPC know that they are capable of offering the service.

On the deregulation of the downstream of the oil sector, Ihenacho said the deregulation would not work if its take- off is premised on the refurbishment of refineries in the country, noting that the masses would not suffer under deregulation more than they have experienced under the regulated petroleum regime.

He maintained that deregulation is the solution to adequate supply of petroleum in the country because the subsidy, which he said is in the region of N600 billion yearly does not get to the masses that  it is meant for.

“You cannot have solution when prices are subsidized.
Setting up refinery cannot be financed by bank in a regulated industry where the owners cannot determine the price to sell the product”, he said.      

 


Related Posts

Customs Seize Contraband, Destroy Raw Donkey Skin In Adamawa

FG To Shutdown Adeniji/Adekunle Third Mainland Bridge Ramps For Repairs On Monday

November 18, 2023
FG Rakes in N4.3trn From Oil In 2021, N2.3trn In 2023 — Report

FG Rakes in N4.3trn From Oil In 2021, N2.3trn In 2023 — Report

September 25, 2023
Oil Theft: Security Agencies Accuse Mdas, Oil Coys, Communities, Others Of Collusion

ANLCA Elects Emenike Nwokeoji As National President, Promises Unity and Progress

September 8, 2023
International Shipping Companies Threaten To Stop Trading In Nigeria Over Backlog Of Tax Claims

FG Targets N553bn From Unremitted Shipping Taxes

July 6, 2023

Discussion about this post

Latest News

MWUN Forges Collaboration with NAMTOP,  NARTO Signs MOU To Address Truckers’ Challenges 

FG To Invest $1.1Billion To Rehabilitate Nigerian Seaports

November 28, 2023

Nigeria Expresses Readiness To Contest IMO Election in 2025

Tantita Security To Address Oil Theft In GoG At MARAN Annual Lecture

NEPZA Boss Says Nation’s Free Trade Zones Not `Free’

MWUN Forges Collaboration with NAMTOP,  NARTO Signs MOU To Address Truckers’ Challenges 

Still On The Appalling State Of Infrastructures In Nigerian Ports

Vessels Expected At Lagos Ports As At 27th November, 2023

Chief Jolapamo Appointed As Patron of Shipping Institute, Vows Support and Commitment to Industry Development

Ship Owners Sceptical, Call For Ministerial Blueprint For National Fleet Revitalization 

Truckers Expose Underhand Motivations Behind Illicit Container Stripping At Tin Can Port

LASTCOC Inaugurates New Committee, Vows To End Truckers’ Plight  

Why We Are In Court With NISA—Akinpelumi

kindly like our Facebook page

Health

Frequently Asked Questions About Suicide
Health

Frequently Asked Questions About Suicide

November 7, 2023

Suicide is a major public health concern. When a person dies by suicide, the effects are felt by family, friends,...

Some Facts You Need to Know About Stroke

November 2, 2023
Cervical Cancer:  HPV Vaccine Is Safe, Serves As Lifelong Prevention — Minister

Cervical Cancer:  HPV Vaccine Is Safe, Serves As Lifelong Prevention — Minister

November 2, 2023
Blood Pressure, Blood Sugar Tests Critical To Eye Health Care – Optometrist

Blood Pressure, Blood Sugar Tests Critical To Eye Health Care – Optometrist

October 25, 2023
Sex-Enhancing Drugs May Trigger Heart Diseases – Gynaecologist

Sex-Enhancing Drugs May Trigger Heart Diseases – Gynaecologist

October 23, 2023
Depression Alerts To Watch Out For By Everyone

Depression Alerts To Watch Out For By Everyone

October 23, 2023
The ‘Ordeal’ Called Fibroid

The ‘Ordeal’ Called Fibroid

October 17, 2023
ABC Of Mental Health?

ABC Of Mental Health?

October 17, 2023
World Mental Health Day 2023: De-Criminalise Mental Health, Says Minister

World Mental Health Day 2023: De-Criminalise Mental Health, Says Minister

October 17, 2023
The Usefulness In Watermelon Seeds You May Not Know

The Usefulness In Watermelon Seeds You May Not Know

October 9, 2023

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition