• Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Facebook X (Twitter) Instagram
Wednesday, August 12
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram
Oriental News Nigeria
NRS Tax campaign
  • Home
  • Photo News
  • News
    • NGO/CSO
    • Photo News
    • OrientalNews 7th Anniversary
    • Press Releases
    • World News
    • Nigeria News
    • Politics
    • Opinion
    • Sports
  • Interviews
  • SMEs
  • Law
    • Crime
  • Travel & Tours
    • Aviation
    • Tourism
  • Energy
    • Oil & Gas
    • Power
  • Business
    • Banking & Finance
      • Capital Market
      • Money Market
    • Pension
    • Insurance
    • Brands & Marketing
    • IT & Telecoms
    • Labour
    • Agriculture
    • Maritime
    • Property
    • Manufacturing
  • Regulators
    • Nigeria Bureu of Statistics
    • PENCOM
    • NAICOM
    • SEC
    • NSE
    • CBN
Oriental News Nigeria
Home»Energy»FG Consider Ban Of Imported Marine Vessels By Next Year
Energy

FG Consider Ban Of Imported Marine Vessels By Next Year

By orientalnewsngDecember 2, 2014No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

By Yemisi Izuora-Lagos

The Executive Secre­tary (ES) of the , Nigerian Content Development Monitoring Board (NCDMB), Mr. Ernest Nwapa, has hinted that government has decided to ban vessels without local content effective January 2015.

Nwapa said Nigeria’s vessel operators had turned to India and China to import vessels to the detriment of local ship builders and the economy in general.

He therefore warned that  foreign vessels purchased outside the country with­out local content input from local ship builders would be barred from operating in Nigeria’s territorial waters,

The new policy, according to Nwapa, is aimed at developing local capacity in line with the local content initiative of the Federal Gov­ernment.

Nwapa who disclosed this in Lagos explained that the policy became necessary because a number of Nigerian companies, such as Nigerdock, have developed the capacity to manufacture high quality ves­sels that meet international standards.

“From January 2015, companies seeking to buy marine vessels that will be used in the Nigerian terri­torial waters must submit the Nigerian Content plan for the purchase so that we determine which part of the vessels can be manufactured in Nigeria.

“Any company that fails to abide by this new policy would have such vessel barred from operating in the country.

Nwapa hailed Nigerdock’s success on the inauguration of the Meren jacket and associ­ated decks as a milestone in the quest for achieving increased local content in the nation’s oil and gas sector.

He called for increased pa­tronage of local companies by the international oil companies in the execution of their major projects, saying Nigerdock has demonstrated the ability of Ni­gerians to provide facilities and skilled manpower required for the execution and delivery of major projects in the marine sector.

Share this:

  • Share
  • Email a link to a friend (Opens in new window) Email
  • Tweet
  • Share on Reddit (Opens in new window) Reddit
featured FG Consider Ban Of Imported Marine Vessels By Next Year
orientalnewsng

Related Posts

Kaduna Utility Company Board Dissolved Over Weak Performance, Huge Debt

August 11, 2026

Chevron Says Competitive Local Capacity Development To Define Nigeria’s Energy Future 

August 11, 2026

API Advocates Strong Investment To Boost Energy Security As Regional Tensions Escalate 

August 10, 2026

Leave A Reply Cancel Reply

The latest
  • Stop Fulani ethnic militia or break up Nigeria
  • Heirs Life Assurance Appoints Pastor Jerry Eze As Independent Non-Executive Director
  • EFCC Impersonator Arrested In Maiduguri 
  • Osun Youths, Women Empowered With Advanced Technical Skills, work Equipment
  • Kaduna Utility Company Board Dissolved Over Weak Performance, Huge Debt
  • Bank Of America Signals Rising Oil Price To Linger Over Failed Hormuz Reopening 
  • Chevron Says Competitive Local Capacity Development To Define Nigeria’s Energy Future 
  • Tobacco Act Amendment Bill Is Damaging To Nigeria, Africa Centre Warns NASS 
  • Chris Ngige: An Authentic Igbo Leader
  • Willie Obiano: A Good Man
Categories
Quick Links
  • About us
  • Terms of use
  • Privacy Policy
  • Disclaimer
  • Advertize here
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Copyright © 2026 Oriental News Nigeria. All right reserved.

Type above and press Enter to search. Press Esc to cancel.