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Login: Password: Forum | Make a Journal Enrty | View Journal Entries | Submit An Article | Make as StartPage Homepage Register Forgot password News Business Politics Sport City Diary Features Special Report Behind The News Art & Review Editorial Comment Letters Right Of Reply e-Business Law & Judiciary REAL ESTATE Education Development THISDAY Extra THISDAY Saturday THISDAY Sunday ARCHIVE     LINKS City Guides Hotels Business Exhibition Business Services Nigerian.TV Capital Markets Shops Domains WEB HOSTING Family Trees E-Africa.info E-Nigeria.net FlightsSearch.net MailingBox.net Payments   ThisDay question Should the National Electricity Power Authority be privatized? Yes No Indifferent View results Cabotage Generates 5,000 Jobs for Nigerians -Agu From Onyebuchi Ezigbo in Abuja, 12.05.2004 About 5,000 Nigerians have become gainfully employed   in the Maritime sector as a result of the enactment of the Cabotage law, Director General of the Nigerian Maritime Authority (NMA) Mr. Ferdinand Agu, has revealed. In an interview with THISDAY in Abuja at the weekend, the DG noted that the country has made significant progress, particularly in the area of sea faring.  "We have made significant progress, particularly in the area of sea faring. We have about 5000 Nigerians working in the offshore supply and support industries as seamen, officers and ratings. They could probably have another eight dependents each. So, you are looking at the neighbourhood of 40,000 people," he said. Agu who was reacting to criticism   by some stakeholders that the law has not brought the expected dividends to the country, said the legislation on Cabotage was basically intended to "create a framework that would give Nigerians an opportunity, first, for increased participation in the delivery of shipping service on our coastal and inland waters, and eventually, for them to dominate that segment of the market, and ultimately, for them to control it".  He the law has secured the territory in order to encourage increase participation and eventually lead to domination and control of the maritime sector.     But he said the Lawmakers took steps to mitigate   any possibility of dislocating vital services, by introducing an element of gradualism in the implementation. "This gradualism is embedded through the instrumentality of a waver, which basically means that on the surface Nigerians should control the business. But, where there is capacity inadequacy, either in terms of the human element, by way of crew, or facility, by way of vessel ownership, or capacity for vessel building, then foreign crew, owners or builders could be allowed to participate", he explained.       REMAIN INFORMED WE SEND IT TO YOUR MAIL THISDAY NEWSLETTER Name E-Mail   Who We Are | THISDAY People | Contact Us © Copyright 2000-2004 Leaders & Company Limited This Site Created by White Pages Limited

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