A’Ibom losing $5M daily for non investment in Ship Business – Udonwa

A ship building expert Mr Iniekong Udonwa has the Akwa Ibom State Government and it’s people have been losing not less than five million Dollars revenue over inability of its citizens to be involved in ship ownership and business.

Udonwa, chairman of Norfin Offshore Shipyard made the disclosure while briefing newsmen at the Norfin Offshore Shipyard at Oruk-Anam local government area of the state yesterday.

He urged Akwa Ibom people to develop interest in the maritime industry, adding that since the State produce 65% of crude oil in Nigeria, there was need for it’s people to get involved in the maritime sector.

“This is a money spinning investment, and Akwa Ibom is loosing 5Million Dollars daily following the inability of our own people to get involved in ship owning business and investment in the maritime sector. All we are concerned is politics.” He said.

The chairman also made a case for a state owned financial institution that would help the people access credit facilities to enable them acquire ships and invest in the nation’s maritime industry.

“We need an Akwa Ibom bank that would support our people to buy ship and invest in the maritime and oil and gas sector. If Akwa Ibom people can purchase 50 ships, that could generate about 50 million dollars revenue to the State.” Udonwa stated.

He said the Company has commenced building of security patrol vessels in Akwa Ibom State barely six days after an attack on its facility by suspected militants with the aim of reducing piracy and other heinous crimes in the nation’s territorial waters.

“We are now building security vessels to add value to Nigeria and reduce piracy in the country. The International Communities are shouting everyday over piracy, just last week they killed one crew member and abducted fifteen others at Turkish container vessels.

“This is the only shipyard in Nigeria that is going into ship building, others are only into maintenance and repairs.” He explained.

Udonwa hinted that the Federal Government Amnesty Programme and the Niger Delta Development Commission (NDDC) have approached the company to train Niger Delta youths on ship building.

According to him, the training would avail the youths opportunity to become professional ship builders and that would enable them to get job in any part of the world.

“NDDC approached us and negotiate on training some youths interested in ship building from this area and we agreed to partner with them. Even Amnesty Nigeria has also approached us demanding cultists and militants to surrender their arms and be trained in the shipyard.

“This is going to open up the opportunity for our youths to be trained and provide employment. Our youths will receive first hand training so that when they are specialized, they could have access to build ships in Europe and other continent because people are looking for ship builders.

“We will soon embark on construction of other sea going vessels, including, ferries, barges, fishing trawlers among others.

“We need to build about four ferries for Calabar-Oron and another four ferries for Bonny- Port Harcourt. For Oron we are going to build a fishing fleet to boost the economy.

However, the shipyard would officially be commissioned by the state government on Saturday 30th January, 2021at the company’s ship yard in Oruk-Anam with the unveiling of ‘MV Norfin Swift’, a 9 meter security patrol vessel.

Hot this week

IHR Sets Up 2026 Hajj Media Monitoring Team

By Jabiru HassanIndependent Hajj Reporters (IHR), a faith-based civil...

Beyond the old stories

There is something fundamentally flawed with the operations of...

Why I Anointed Engr Gubio as My Successor – Gov Zulum

By Achadu Gabriel, KadunaBorno State Governor, Prof. Babagana Umara...

Nasarawa 2027: Nalaraba Withdraws from Governorship Race, Backs Wadada, Declares for Senate

From Abel Zwanke, LafiaThe member representing Awe/Doma/Keana Federal Constituency,...

NNPC Signs MoU with Chinese Firms to Revive Refineries

The Nigerian National Petroleum Company Limited (NNPC Ltd) has...

Rehabilitation Works at Amuwo 132/33kV Transmission Substation in Progress – TCN

By Jabiru HassanThe Transmission Company of Nigeria (TCN) has...

WAPP Chairman Pushes Urgent Reforms to Strengthen Regional Power Market

By Jabiru HassanThe Chairman of the Executive Board of...

Insecurity: Kaduna Gov Inaugurates State’s New Committee to Enhance Security

…Tagged Disarmament, Demobilisation and ReintegrationBy Achadu Gabriel, KadunaGovernor Uba...

EFCC Re-arraigns Lawyer for Alleged N91 Million Land Fraud in Enugu

By Francis WilfredThe Enugu Zonal Directorate of the Economic...

Three Years of Tinubu’s Macroeconomics Targets 

Adefolarin A. Olamilekan As the year 2026 unfold, the global...

Omo-Agege Cautions Oborevwori Against Reigniting Political Tension, Says 2023 Rivalry Is Over

By Anne AzukaFormer Deputy Senate President, Ovie Omo-Agege, has...

Related Articles

Popular Categories

spot_imgspot_img