more jobs could be created if indigenous ship owners acquire more ships and
engage in transportation of oil.
interview with the News Agency of Nigeria (NAN) in Lagos.
improving other economies, considering the exportation of crude oil and
importation of refined petroleum products, while indigenous ship owners were
of the areas in which we can actually achieve fuller employment would be if we
have ships and we have Nigerians who would work there.
where we export oil and they are bringing in finished products.
carried on currently; we export oil on an F.O.B. basis. What it means is that
we give up the right to carry that oil.
for those who own the ships and for those who work on board those ships.
refinery, value is added to it through refining and that refining process
creates jobs in those economies for those who are involved in that business.
creates jobs again for those who work on board the ships that bring the
opportunities?” Iheanacho asked.
been to add value to the oil by refining it locally, thereby creating room for
trading in refined oil.
local production and increasing capacity development to safeguard the economy.