The Senate on Wednesday resolved to investigate the actions of the Nigerian National Petroleum Company in ensuring participation of indigenous companies in the freight of petroleum products, in line with the provisions of Presidential Executive Order 5(2018).
This was predicated upon a call by Senator Ramoni Mustapha seeking an investigation into the breach of Nigerian laws by foreign vessels in coastal shipping of petroleum products in the downstream sector of the Nigerian Maritime University.
Following a brief discussion on the matter, the Senate mandated the Committees on Local Content & Compliance to investigate the reasons for the dominance of foreign vessels above locally owned, manned and registered vessels in the domestic carriage of petroleum products within the coastal territory and inland waterways of Nigeria.
The Upper Chamber further resolved to investigate foreign ship owners of freight associated with downstream activities repatriated overseas by NNPC to the detriment of the local economy or patronage.
