{"id":381,"date":"2022-05-22T07:38:35","date_gmt":"2022-05-22T07:38:35","guid":{"rendered":"https:\/\/citywatch.ng\/nigeria-moves-to-implement-laws-on-oil-pollution-compensation-businessday\/"},"modified":"2022-05-22T07:38:35","modified_gmt":"2022-05-22T07:38:35","slug":"nigeria-moves-to-implement-laws-on-oil-pollution-compensation-businessday","status":"publish","type":"post","link":"https:\/\/citywatch.ng\/nigeria-moves-to-implement-laws-on-oil-pollution-compensation-businessday\/","title":{"rendered":"Nigeria moves to implement laws on oil pollution compensation &#8211; Businessday"},"content":{"rendered":"<p> \t<a href=\"https:\/\/businessday.ng\/\" rel=\"home\"> \t\t\t\t\t<img decoding=\"async\" id=\"site-logo\" src=\"https:\/\/149520306.v2.pressablecdn.com\/wp-content\/uploads\/2022\/01\/BusinessDay-is-Nigerias-leader-in-business-financial-news-insight-and-informed-commentary-plus-all-that-matters-in-West-Africa-1.png\" alt=\"Businessday Ng\" \/>  \t\t\t<span class=\"site-title\">Businessday Ng &#8211; <\/span> \t\t\t\t<\/a> <br \/>Nigeria has renewed its commitment to ensuring the effective and efficient implementation of the international conventions on oil pollution compensation.<br \/>The conventions include the International Convention for Civil Liability for Oil Pollution Damage 1992 and the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage 1992, to which Nigeria is a party.<br \/>Both conventions were domesticated in Nigeria by the Nigerian Maritime Administration and Safety Agency (NIMASA). To implement the conventions, NIMASA also constituted the National Standing Committee (NSC) on IOPC Fund in September 2004 and another five Sub-Committees in October 2016 with a mandate to ensure effective implementation of both conventions.<br \/>The five subcommittees include the Sub-Committee on Fish Stock\/Fisheries; Sub-Committee on Identification of Receivers of Contributing Oil; Sub-Committee on Compilation of Oil Report; Sub-Committee on Claims Handling and Sub-Committee on Pricing Index.<br \/>Read also: <a href=\"https:\/\/businessday.ng\/aviation\/article\/faan-confirms-shutdown-of-mmia-runway-over-dead-body\/\" target=\"_blank\" rel=\"noopener\">FAAN confirms shutdown of MMIA runway over dead body<\/a><br \/>Speaking at the just concluded 2-day 7th Sub-Committee Meeting of NSC organised by the NIMASA, Aishatu Jidda, secretary of the NSC-IOPC Fund Sub-Committee, said the Sub-Committees have been working towards ensuring the effective implementation of the IOPC Funds in Nigeria.<br \/>According to her, the committees have held six meetings since they were constituted.<br \/>She said the meeting of the Sub-Committees has culminated in the review and approval of the Standard Operating Procedure (SOP) by the IOPC Fund Secretariat, the development of an action plan for the implementation of the SOP, and the implementation of the terms of reference of the Sub-Committees.<br \/>According to her, the convening of the meeting was a result of the directive of the chairperson of the NSC-IOPC Fund that four meetings must be held this year in the months of February, May, August, and October.<br \/>\u201cThe objective of this meeting was to deliberate on the resolutions reached the 6th meeting including the development of a roadmap on the establishment of a Local Oil Pollution Compensation Fund by Local Insurance Companies; development of a Pricing Index for the Nigerian Maritime Industry and data on Fish Stock\/Fisheries,\u201d she said.<br \/>She listed other resolutions to include drawing up national guidelines on fish stock\/fisheries; collation of recent data on contributing oil receivers, contributing oil products imported, and quantity of product and details of coastal movement of Low Pour Fuel Oils (LPFO) and High Pour Fuel Oils (HPFO) from the refineries and condensates as well as distribution of COR-1 Forms and carrying out sensitisation programmes.<br \/>Get real time updates directly on you device, subscribe now.<br \/>\t<a class=\"post-url\" href=\"https:\/\/businessday.ng\/news\/article\/oyo-south-2023-adeniran-oyosubeb-boss-collapses-political-structure-for-tegbe\/\" title=\"Oyo South 2023: Adeniran, OYOSUBEB boss, collapses political structure for Tegbe\">  \t\t\t<span class=\"post-title\">  \t\t\t\tOyo South 2023: Adeniran, OYOSUBEB boss, collapses political structure for Tegbe\t\t\t<\/span>  \t<\/a>  \t<br \/>\t<a class=\"post-url\" href=\"https:\/\/businessday.ng\/news\/article\/juniper-hill-school-holds-sports-day-to-strengthen-sports-education\/\" title=\"Juniper Hill School holds sports day to strengthen sports education\">  \t\t\t<span class=\"post-title\">  \t\t\t\tJuniper Hill School holds sports day to strengthen sports education\t\t\t<\/span>  \t<\/a>  \t<br \/>\t<a class=\"post-url\" href=\"https:\/\/businessday.ng\/news\/article\/betking-embarks-on-month-of-good-campaign-to-impact-local-communities\/\" title=\"BetKing embarks on \u2018Month of Good\u2019 campaign to Impact Local Communities\">  \t\t\t<span class=\"post-title\">  \t\t\t\tBetKing embarks on \u2018Month of Good\u2019 campaign to Impact Local Communities\t\t\t<\/span>  \t<\/a>  \t<br \/>\t<a class=\"post-url\" href=\"https:\/\/businessday.ng\/news\/article\/mtns-momo-payment-service-bank-psb-formally-commences-operations\/\" title=\"MTN\u2019s MoMo Payment Service Bank (PSB) formally commences operations\">  \t\t\t<span class=\"post-title\">  \t\t\t\tMTN\u2019s MoMo Payment Service Bank (PSB) formally commences operations\t\t\t<\/span>  \t<\/a>  \t<br \/>Get the best of world News delivered to your inbox daily<br \/>    \t\t  \t\t\t\t\t\t\t<span class=\"h-text main-term-none main-link\">  \t\t\t\t\t\t latest news\t\t\t\t\t<\/span>  \t\t\t  \t\t  \t\t<br \/>\t\t<a href=\"https:\/\/businessday.ng\/politics\/article\/apc-pdp-primaries-other-parties-set-to-reap-from-likely-defections\/\" class=\"post-title post-url\">  \t\t\tAPC, PDP primaries: Other parties set to reap from likely defections\t\t<\/a>  \t\t<br \/>\t\t<a href=\"https:\/\/businessday.ng\/politics\/article\/2023-pdp-better-positioned-now-than-before-to-win-lagos-aivoji-lagos-pdp-chair\/\" class=\"post-title post-url\">  \t\t\t2023: PDP better positioned now than before to win Lagos &#8211; Aivoji, Lagos PDP chair\t\t<\/a>  \t\t<br \/>\t\t<a href=\"https:\/\/businessday.ng\/politics\/article\/2023-nesg-proposes-6-point-agenda-towards-savaging-nigeria\/\" class=\"post-title post-url\">  \t\t\t2023: NESG proposes 6-point agenda towards savaging Nigeria\t\t<\/a>  \t\t<br \/>\t\t<a href=\"https:\/\/businessday.ng\/news\/article\/oyo-south-2023-adeniran-oyosubeb-boss-collapses-political-structure-for-tegbe\/\" class=\"post-title post-url\">  \t\t\tOyo South 2023: Adeniran, OYOSUBEB boss, collapses political structure for Tegbe\t\t<\/a>  \t\t<br \/>\t\t<a href=\"https:\/\/businessday.ng\/news\/article\/juniper-hill-school-holds-sports-day-to-strengthen-sports-education\/\" class=\"post-title post-url\">  \t\t\tJuniper Hill School holds sports day to strengthen sports education\t\t<\/a>  \t\t<br \/>Business Day, established in 2001, is a daily business newspaper based in Lagos. It is the only Nigerian newspaper with a bureau in Accra, Ghana. It has both daily and Sunday titles. It circulates in Nigeria and Ghana<br \/>    \t\t  \t\t\t\t\t\t\t<a href=\"https:\/\/businessday.ng\/tag\/bdlead\/\" class=\"main-link\">  \t\t\t\t\t\t\t<span class=\"h-text main-term-none\">  \t\t\t\t\t\t\t\t BDlead\t\t\t\t\t\t\t<\/span>  \t\t\t\t<\/a>  \t\t\t  \t\t  \t\t<br \/>\t\t<a href=\"https:\/\/businessday.ng\/politics\/article\/apc-pdp-primaries-other-parties-set-to-reap-from-likely-defections\/\" class=\"post-url post-title\">  \t\t\tAPC, PDP primaries: Other parties set to reap from likely&hellip;\t\t<\/a>  \t\t<br \/>\t\t<a href=\"https:\/\/businessday.ng\/politics\/article\/2023-nesg-proposes-6-point-agenda-towards-savaging-nigeria\/\" class=\"post-url post-title\">  \t\t\t2023: NESG proposes 6-point agenda towards savaging Nigeria\t\t<\/a>  \t\t<br \/>\t\t<a href=\"https:\/\/businessday.ng\/news\/article\/electoral-act-amendment-bill-is-yet-to-be-signed-presidency\/\" class=\"post-url post-title\">  \t\t\tElectoral Act Amendment Bill is yet to be signed &#8211;&hellip;\t\t<\/a>  \t\t<\/p>\n<p><a href=\"https:\/\/businessday.ng\/news\/article\/nigeria-moves-to-implement-laws-on-oil-pollution-compensation\/\">source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Businessday Ng &#8211; Nigeria has renewed its commitment to ensuring the effective and efficient implementation of the international conventions on oil pollution compensation.The conventions include the International Convention for Civil Liability for Oil Pollution Damage 1992 and the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage 1992, to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_counter":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v24.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nigeria moves to implement laws on oil pollution compensation - Businessday - City Watch<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citywatch.ng\/nigeria-moves-to-implement-laws-on-oil-pollution-compensation-businessday\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria moves to implement laws on oil pollution compensation - Businessday City Watch\" \/>\n<meta property=\"og:description\" content=\"Nigeria moves to implement laws on oil pollution compensation - Businessday City Watch %\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citywatch.ng\/nigeria-moves-to-implement-laws-on-oil-pollution-compensation-businessday\/\" \/>\n<meta property=\"og:site_name\" content=\"City Watch\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/web.facebook.com\/profile.php?id=100083282987806\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-22T07:38:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/citywatch.ng\/wp-content\/uploads\/2022\/05\/wp-header-logo-5.png\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/citywatch.ng\/nigeria-moves-to-implement-laws-on-oil-pollution-compensation-businessday\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/citywatch.ng\/nigeria-moves-to-implement-laws-on-oil-pollution-compensation-businessday\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/citywatch.ng\/#\/schema\/person\/4d253075fba315e21394abc7ee23c578\"},\"headline\":\"Nigeria moves to implement laws on oil pollution compensation &#8211; 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