{"id":184635,"date":"2022-05-02T15:24:44","date_gmt":"2022-05-02T14:24:44","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=184635"},"modified":"2022-05-02T15:30:00","modified_gmt":"2022-05-02T14:30:00","slug":"naccima-to-fg-use-certificate-of-origin-to-combat-oil-theft-menace","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/05\/02\/naccima-to-fg-use-certificate-of-origin-to-combat-oil-theft-menace\/","title":{"rendered":"NACCIMA to FG: Use certificate of origin to combat oil theft menace"},"content":{"rendered":"<p>The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has implored the federal government to use a certificate of origin (CoO) to combat the sale of stolen crude oil in the international market.<\/p>\n<p>This was made known by the national president of NACCIMA, John Udeagbala at a<span data-preserver-spaces=\"true\">\u00a0recent press briefing.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Udeagbala said the issuance of the CoO is the ultimate step Nigeria must take to address the crude oil theft to increase its public revenues.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cIf the oil export in Nigeria should be done in a way it is meant to be done, there must be certification with the issuing of Certificate of Origin, which means that this oil is actually Nigerian oil. And no buyer can buy <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/04\/18\/crude-oil-theft-weve-seized-n200m-worth-of-petrol-products-in-two-weeks-nigerian-navy\/\">crude oil<\/a> without this certificate,\u201d he said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Udeagbala argued that the right to issue the certificate should be domiciled with the NACCIMA, especially since it is the chambers of commerce all over the world that certified export products.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He added that government must take decisive action to increase its revenue in the face of rising public debt.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThat is a possibility that is domiciled with chambers of commerce all over the world. We are trying now to engage the Nigerian National Petroleum Corporation (NNPC) to understand who issues this CoO to them. This is one step that we must follow to increase our revenues. So that when the oil pipeline is broken, those stealing the oil cannot go anywhere to sell it. I want special attention to be paid to this,\u201d he said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cIf the government cannot reduce its cost, then it must increase its earnings. The new kid in town is crude oil stealing. But is it difficult to control crude oil theft? Government must have the political will. NACCIMA is the agency as it is the chambers of commerce, which issue what we call Certificate of Origin, which validates products from every country.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cHow is the NNPC managing to validate the country\u2019s oil, and where is it getting its own Certificate of Origin? Recall that when Sierra Leone was faced with the challenge of \u2018blood diamond,\u2019 there was certification, and once it came into the London market, the whole stealing stopped.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Udeagbala further described the CoO as an important international trade document that confirms that \u201cthe goods in a particular shipment have been wholly obtained, produced, manufactured or processed in a particular country.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He also called for the privatisation of the country\u2019s poorly run petrol refineries, arguing that the concept of turnaround maintenance of refineries is peculiar to Nigeria and not obtainable in any other country.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has implored the federal government to use a certificate of origin (CoO) to combat the sale of stolen crude oil in the international market. This was made known by the national president of NACCIMA, John Udeagbala at a\u00a0recent press briefing. Udeagbala said the [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":184645,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[371,36726,1193,36727],"class_list":["post-184635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-fg","tag-naccima","tag-nnpc","tag-oil-theft-menace"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NACCIMA to FG: Use certificate of origin to combat oil theft menace<\/title>\n<meta name=\"description\" content=\"The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has implored the 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