A One Stop Online Read Magazine in Nigeria

NSML says only Nigerian seafarers pay tax globally

0 69

NSML says only Nigerian seafarers pay tax globally

The Nigeria Ship Management Ltd. (NSML), the shipping arm of the Nigerian Liquified Natural Gas (NLNG), has disclosed that only Nigerian seafarers pay tax globally.

The Fleet Manager, NSML, Capt. Hambali Yusuf, made the disclosure at an annual conference organised by the Shipping Correspondents Association of Nigeria (SCAN) in Lagos on Wednesday.

The conference was themed, “NLNG Vessels Movement and Challenges.”

Yusuf noted that seafarers in India were exempted from tax payment unlike their counterparts in Nigeria.

He lamented that Nigeria was losing many seafarers to foreigners due to the tax issue.

“In India, if you are not in the country for seven months, you won’t pay any tax.

“But in Nigeria, if you are not around for a whole year, you are still going to pay tax and you know the tax is graded depending on one’s level.

“And so, a seafarer that sees where to go and be paid without tax deduction will gladly move to that place,” he said.

He emphasized the need for advocacy with the government for the issue to be sorted out for economic growth and development.

Yusuf added that seafarers’ pensions were deducted in dollars in Nigeria but paid back to them in naira.

Speaking on dry dock, Yusuf explained that the facilities in the country could not handle the company’s size of ships.

In his words, “Our ships are 283 metres length and 45 metres in width and there is no place in Nigeria now that can accommodate that size of ship.

“We would have loved to dry dock in Nigeria because it will be easier for us than to move hundreds of nautical miles away. This will also cost us some money.”

He noted that to ensure that the sector and the nation attract investment, there was a need to declare Nigeria as a maritime nation and in doing so, government should give waivers.

The Human Resources Manager, NSML, Mr Henry Agbodjan, said that Nigeria needed to be on the International Maritime Organisation whitelist for seafarers certificates to be acceptable.

According to him, to ensure that such happens, there should be a deliberate effort by government through the Nigerian Maritime Administration and Safety Agency (NIMASA) to address the issue.

NSML says only Nigerian seafarers pay tax globally

Leave A Reply

Your email address will not be published.

two × 5 =