WAF Shipping Focus: Week 19
- Agwe Logistics Solutions
- May 10, 2024
- 3 min read
The newly appointed Area Comptroller of Apapa Command of the Nigeria Customs Service, NCS, B.O Olomu has warned that his regime would have zero tolerance for smuggling and other unwholesome activities. He vowed to diligently pursue policies that will potentially enhance revenue collection, and trade facilitation. This is even as he has promised the full and religious implementation of all the provisions of the Nigeria Customs Service Act 2023, the Common External Tariff CET, Import and Export Prohibition Guidelines, and other relevant extant laws
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Nigeria’s largest multipurpose terminal, the Port and Terminal Multiservices Limited (PTML) has acquired a new state of the art 600 tons Liebherr Mobile Harbour Crane (MHC) worth more than seven million euros (about N10.5
billion) to boost operation at its facility. The acquisition of the new crane is coming barely five months after the terminal hosted the largest container RORO ship to visit Nigeria and the West African sub region. The Managing Director of PTML, Ascanio Russo, said the terminal also invested additional N5 billion to strengthen Berth 11 to withstand the weight of the new Mobile Harbour Crane Crane.
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The drive by the government to raise its non oil revenue may have come under threat as no less than 4,817 containers fully loaded with export goods are currently trapped at the Lagos port. Vanguard findings show that out of this, 616 have been abandoned for over three years, thereby worsening the fate of small and medium scale enterprises (SMEs) in the export business. Meanwhile, the shippers and their agents, terminal operators, shipping lines, are now locked in counter accusations over the cause of the delay even as the Nigeria Shippers Council, NSC, has summoned stakeholders’ meeting to address the problem leading to the trapping of the containers.
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To further grow the country’s economy through non oil exports, President Bola Ahmed Tinubu has commissioned the Funtua Inland Dry Port in Katsina State. Speaking at the commissioning, the president said the Funtua Inland Dry Port represents yet another step forward for Nigeria’s economic development. “This port, strategically located in Funtua, Katsina State, is the third to be completed and
commissioned among the six legacy Inland Dry Port projects spread across our nation’s six geo political zones .
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Maritime stakeholders have said the Nigerian Maritime industry has capacity to generate N7 trillion annually, noting that the industry losses over a $1 trillion to foreign players in the local shipping industry due to the non disbursement of
the Cabotage Vessel Financing Fund, CVFF. In his presentation at the maiden interactive session with maritime stakeholders in Lagos, maritime lawyer, Emeka
Akabogu said that one of the principal mandates of the Nigerian Maritime Administration and Safety Agency, NIMASA is to develop and implement policies and programmes that will facilitate growth of local shipping capacities.
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In a move set to revolutionize operations within Nigeria’s maritime industry and facilitate smoother business transactions, Trucks Transit Parks Ltd. (TTP) has unveiled plans to partner with the Nigerian Ports Authority (NPA) in deploying E tag technology with zero cost for truckers. This initiative is aimed at addressing challenges associated with non compliance with standard operating procedures and enhancing the ease of doing business for truckers and stakeholders in the maritime sector.
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