, John Udeagbala, national president, NACCIMA, said this at a recent press briefing.
“If 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 crude oil without this certificate,” he said.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.
“That 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 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,” he said.“If the government cannot reduce its cost, then it must increase its earnings.