OUR VISION

Local shipowners lament violation of Cabotage law by foreign shipping firms
By: Sun Newspaper

Indigenous shipowners have called on the Federal Government to clamp down on foreign vessels violating the nation’s Cabotage law by illegally operating in its coastal waters.

The group also warned that  the exclusion of Nigerian shipowners is costing it billions of dollars as Nigerian own vessels are left out to play a role in the lifting of crude, with saying foreign vessels remaining key players in the conveyance of the product. 

Chairman of the Board of Trustees of Nigeria Shipowners Association (NISA), Chief Issac Jolapamo, stated this at the weekend while inaugurating a 6-man Reconciliation Committee, on the crisis rocking the first local Shipowners’ Association in Nigeria.

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Buhari commissions Pinnacle Oil & Gas terminal in Lagos
By: Sun Newspaper

President Muhammadu Buhari yesterday officially opened the Pinnacle Oil and Gas FZE Terminal in Lekki, Lagos, stating that the facility’s activities had lowered costs and improved the distribution of petroleum products to many areas in the country while also easing traffic in the Apapa area of the state.

The president who did the commissioning virtually, in a video message at the inauguration of the facility, congratulated the Chief Executive Officer of Pinnacle Oil and Gas Limited, Peter Mbah, for establishing the massive terminal facility thereby providing hundreds of jobs to Nigerians.

Buhari noted that the investment is proof that his administration’s plan to rebuild the country’s economy is working.

He also said that the government anticipates making numerous further investments of similar areas.

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US wields crude stockpile as weapon in global oil price battle
By: Myles McCormic

Cop 27: Uganda-Tanzania oil pipeline sparks climate row
By: Dickens Olewe
Uganda and Tanzania are set to begin work on a massive crude oil pipeline a year after the International Energy Agency warned that the world risked not meeting its climate goals if new fossil fuel projects were not stopped. The two East African countries say their priority is economic development.
Juma Hamisi, not his real name, keeps his distance, careful not to trespass, as he points to mounds of rubble spread across an open field. They are signs that a thriving community once lived here in a mix of concrete and grass-thatched mud houses.

At this time of year, the surrounding fertile land would normally be covered with a variety of sprouting crops - enough to feed the village, along with a surplus to sell at local markets. But it too lies bare.
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