Data Tracking Device For Oil Vessels And Cargoes To Be Acquired Soon By The FG.

Rigorous efforts by the Federal Government to monitor activities at Floating, Production, Storage and offloading (FPSO) facilities in the country so as to stop malpractices
relating to crude theft may soon be
successful, with plans for a device capable of tracking all vessels in Nigerian waters in the offing, The Guardian reports.

Under the proposal, all vessels that make any commercial voyages into Nigerian waters would have to key all information about them in a sever to be opened in Belgium. This information must contain, the
country of origin, the ownership, and
capacity in terms of tonnage, among other details which would help the government determine, at any point in time, the value and quantity of goods they are taking in and out of the country.

The Nigerian Shippers Council is said to be midwifing the project and the Central Bank of Nigeria (CBN) which is providing the technical collaboration, is supporting it.  Plans are on ground to have a presentation showcasing the ideals of the scheme to all stakeholders, including those in the oil and gas sector.