Lagos - The federal government has begun move to revive operation of bunkering business in the nation’s coastal waters, years after it was suspended.
The government is expected to rake in about N250 million yearly into its coffers from license renewals, and registration of vessels for bunkering activities, reports Tribune.
George Osahon, Director of the Department of Petroleum Resources (DPR), who conveyed the approval of President Goodluck Jonathan to stakeholders, said the department will start issuing licenses to operators in January.
He added that resuscitation of bunkering trade will provide employment to people and increase trading activities in other sectors of the economy.
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