Would you like to receive notifications on latest updates of the following headlines?

Stakeholders Worried over New $2,000 Registration fee for NMDPRA

POSTED ON June 21, 2024 •   Business      BY Abiodun Saheed Omodara
Temisan Omatseye l Credit: Punchng

Maritime stakeholders have raised concerns about the recent introduction of a $2,000 registration fee for indigenous shipowners by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. 

At the 2024 Stakeholders Engagement in Lagos, former Director General of the Nigerian Maritime Administration and Safety Agency,

Temisan Omatseye, expressed dismay over the two licensing fees imposed on indigenous shipowners by NMDPRA.

Omatseye highlighted that NMDPRA is demanding a $2,000 registration fee for one license and an additional N2 million for another, known as coastal licenses.

He emphasized that NMDPRA's authority to collect such fees is questionable, as it goes against international provisions.

Omatseye called on the Ministry of Marine and Blue Economy to ensure that NIMASA can carry out its constitutional duties.

"According to him, NIMASA has ownership over any cable or pipeline laid on the seabed. The ministry should take back its responsibility and return it to NIMASA. He suggested that the industry should be managed jointly by NIMASA and the ministry."

Echoing the sentiments of the former NIMASA DG, Aminu Umar, a shipowner and the President of the Nigerian Chamber of Shipping, emphasized the need to address the issue of multiple clearances that shipowners are required to obtain.

Umar highlighted the burden of having to seek clearance from multiple agencies in order to operate, citing the redundancy of requiring shipowners to obtain clearance from NMDPRA when NIMASA has already done so.

He suggested that NIMASA and NMDPRA should collaborate to streamline the clearance process, ensuring that once NIMASA clears a ship, NMDPRA should accept that clearance as sufficient.

In response, the South West Regional Coordinator of NMDPRA, Mr. Ayo Cardoso, clarified that the agency charges $1,200 for the coastal vessel license, along with processing and application fees as per the regulations.

READ ALSO
Federal court dismisses lawsuit against Buhari, Emefiele, citing plaintiff's absence
BY Abiodun Saheed Omodara April 29, 2025 0

ABUJA, NIgeria - Justice Inyang Edem Ekwo of the Federal High Court in Abuja has dismissed a N1 bill...

READ ALSO
Shettima urges RMAFC members to uphold transparency, fairness
BY Abiodun Saheed Omodara April 29, 2025 0

AKWA IBOM, Nigeria - The federal government has called on members of the Revenue Mobilisation Alloca...

READ ALSO
CBN allows cash transactions for 2025 pilgrims to Mecca following VP intervention
BY Abiodun Saheed Omodara April 25, 2025 0

ABUJA, Nigeria - The Central Bank of Nigeria (CBN) has granted permission for the 2025 intending pil...

READ ALSO
IMF urges Nigeria to exercise fiscal caution amid economic reforms
BY Abiodun Saheed Omodara April 24, 2025 0

The International Monetary Fund (IMF) has called on Nigeria to exercise caution in its expenditures...

READ ALSO
FG urges IMF, World Bank to bolster economic reforms in sub-saharan Africa
BY Abiodun Saheed Omodara April 24, 2025 0

Finance Minister Wale Edun has emphasized the need for increased global assistance to reform economi...

READ ALSO
Nigeria's Economic Reforms Boost Sovereign Credit Profile - IMF
BY Abiodun Saheed Omodara April 23, 2025 0

The Assistant Director for Global Markets at the International Monetary Fund (IMF), Jason Wu,  ...

READ ALSO
Trade Wars Take Center Stage at IM ,World Bank Spring Meetings
BY Abiodun Saheed Omodara April 22, 2025 0

Global finance leaders are convening in Washington this week for the semi-annual meetings of the Int...

READ ALSO
Kano secures $10bn investment for renewable energy, minerals in partnership with Morocco
BY Abiodun Saheed Omodara April 21, 2025 0

KANO, Nigeria (NAN) - The government of Kano state has announced that it will secure more than $10 b...

OUR CHANNELS:

El-Rufai Advocates for Youth Involvement in Crafting Nigeria's Future
BY Abiodun Saheed Omodara April 29, 2025 0

Former Kaduna State Governor, Nasir El-Rufai, has called on Nigerian youths to engage actively in th...


JAMB Stands Firm on 6:30 a.m. Arrival Time Despite Safety Warnings
BY Abiodun Saheed Omodara April 28, 2025 0

In response to concerns regarding the safety of students required to arrive early for exams, the Joi...


6 Division of Nigerian Army Dismantles Illegal Oil Operations, Arrests Dozens of Suspects
BY Abiodun Saheed Omodara April 29, 2025 0

The 6 Division of the Nigerian Army has achieved notable progress in the fight against oil theft in...


Tragic cult attack claims four lives at beer parlour in Makurdi
BY Abiodun Saheed Omodara April 28, 2025 0

BENUE, Nigeria - The Police Command in Benue has verified the deaths of four individuals allegedly k...


FG secures $5.5bn private sector investment to transform health sector
BY Abiodun Saheed Omodara April 29, 2025 0

The Coordinating Minister of Health and Social Welfare, Professor Muhammad Pate, has announced a $5....


CIS president urges caution amid rising ponzi scheme threats
BY Abiodun Saheed Omodara April 29, 2025 0

The President and Chairman of the Council of the Chartered Institute of Stockbrokers (CIS), Oluropo...


Dismantling PDP threatens Nigeria's democracy- Lamido
BY Abiodun Saheed Omodara April 28, 2025 0

Former Governor of Jigawa State and prominent member of the People’s Democratic Party (PDP), S...


FG highlights growing cyber-slavery targeting Nigerian youth
BY Abiodun Saheed Omodara April 29, 2025 0

The federal government raised concerns on Sunday regarding the increasing threat of cyber-slavery in...


Nigeria to host 2026 forum of African defence, war colleges’ commandants
BY Abiodun Saheed Omodara April 29, 2025 0

ABUJA, Nigeria (NAN) - Nigeria has been selected to host the third installment of the Forum of Afric...


DSS operations yield 54 arrests, Gov. Sani commends Tinubu's appointment of Ajayi
BY Abiodun Saheed Omodara April 27, 2025 0

KADUNA, Nigeria - Kaduna Governor, Senator Uba Sani, has praised President Bola Tinubu for appointin...


More Articles

Load more...

Menu