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
JUST IN: Dangote refinery slashes petrol prices by N15 nationwide
BY Abiodun Saheed Omodara May 22, 2025 0

LAGOS, Nigeria — The Dangote Petroleum Refinery recently announced a reduction in the pump pri...

READ ALSO
Sanwo-Olu Advocates for Innovation, Accountability in Economic Policies
BY Abiodun Saheed Omodara May 22, 2025 0

LAGOS, Nigeria - Lagos State Governor Babajide Sanwo-Olu has stated that Nigeria must hasten its pro...

READ ALSO
CBN's Rigid Monetary Policies Threaten Nigeria's Industrialization Efforts
BY Abiodun Saheed Omodara May 22, 2025 0

With the Central Bank of Nigeria (CBN) keeping the benchmark interest rate at 27.5 percent, local ma...

READ ALSO
FG to Auction 753 Housing Units Recovered from Ex-CBN Governor Emefiele
BY Abiodun Saheed Omodara May 20, 2025 0

ABUJA, Nigeria - The Federal Government has declared its intention to sell 753 housing units that we...

READ ALSO
CBN Holds Interest Rate Steady at 27.50% Amid Inflation Concerns and Economic Recovery Efforts
BY Abiodun Saheed Omodara May 20, 2025 0

ABUJA, Nigeria — The Central Bank of Nigeria (CBN) has once again held its benchmark inte...

READ ALSO
CBN Stresses Commitment to Protecting Financial Interests of Nigerians
BY Abiodun Saheed Omodara May 20, 2025 0

The Central Bank of Nigeria (CBN) has assured the public, depositors, and stakeholders that the Nige...

READ ALSO
Australia's Central Bank Cuts Interest Rate to 3.85% Amid Global Tariff Uncertainty
BY Abiodun Saheed Omodara May 20, 2025 0

On Tuesday, Australia’s central bank reduced its main interest rate to its lowest level in two...

READ ALSO
Fuel Prices: Dangote Refinery Credits Naira-for-Crude Initiative for Economic Relief
BY Abiodun Saheed Omodara May 20, 2025 0

The Dangote Petroleum Refinery has announced that the naira-for-crude arrangement enabled it to lowe...

OUR CHANNELS:

Man Remand for Environmental Offense as Lagos Intensifies Sanitation Enforcement
BY Abiodun Saheed Omodara May 24, 2025 0

A collaborative enforcement team, made up of officials from the Lagos Waste Management Authority (LA...


SNEPCo Urges Indigenous Firms to Enhance Skills for Future Opportunities
BY Abiodun Saheed Omodara May 24, 2025 0

The Shell Nigeria Exploration and Production Company Limited (SNEPCo) has urged Nigerian firms to st...


Adebayo Open to Coalition with Obi, Dismisses Atiku's Influence in SDP
BY Abiodun Saheed Omodara May 24, 2025 0

The 2023 presidential candidate for the Social Democratic Party (SDP), Adewole Adebayo, has indicate...


NNPCL Empowers 531 NYSC Members with Financial Support and Starter Packs
BY Abiodun Saheed Omodara May 25, 2025 0

The Nigeria National Petroleum Company Limited has provided financial assistance of N531,000 each to...


University of Lagos Addresses NELFund Loan Reimbursement Concerns
BY Abiodun Saheed Omodara May 24, 2025 0

The University of Lagos has refuted online claims regarding the delay in the reimbursement of NELFun...


Nigerian Man Sentenced to 27 Months for $1 Million Insurance Fraud
BY Abiodun Saheed Omodara May 24, 2025 0

A 37-year-old Nigerian named Henry Ezeonyido has been sentenced to 27 months in prison by a United S...


INEC Launches AI Division to Enhance Electoral Processes, Address Challenges
BY Abiodun Saheed Omodara May 24, 2025 0

ABUJA, Nigeria - The Independent National Electoral Commission (INEC) has sanctioned the establishme...


APC Governors Unite to Endorse President Tinubu as 2027 Consensus Candidate
BY Abiodun Saheed Omodara May 24, 2025 0

Governors affiliated with the ruling All Progressives Congress have unanimously backed President Bol...


JUST IN: Tinubu Inaugurates New NNPC Board, Welcomes Fresh Leadership
BY Abiodun Saheed Omodara May 24, 2025 0

ABUJA, Nigeria - President Bola Tinubu has officially inaugurated the board and management of the Ni...


JUST IN: Dangote refinery slashes petrol prices by N15 nationwide
BY Abiodun Saheed Omodara May 24, 2025 0

LAGOS, Nigeria — The Dangote Petroleum Refinery recently announced a reduction in the pump pri...


More Articles

Load more...

Menu