WAF Shipping Focus: Week 26
- Agwe Logistics Solutions
- Jun 27, 2024
- 3 min read
The Democratic Front (TDF), a pro democracy group, has described the repair and reopening of the Lagos Kano railway line for freight operations as a major boost for the economy. The TDF said this in a statement jointly signed by its Chairman, Danjuma Mohammed and Secretary, Wale Adedayo in Abuja. It said the start of service on the railway line was the culmination of silent work by the President Bola
Tinubu administration to get things done with minimum fuss. “We laud and celebrate completion of repair works and reopening of the long abandoned Lagos Kano railway line by the administration of President Tinubu
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The failure to implement the port modernisation project, after missing the first quarter deadline in 2024, could result in Nigeria losing another N1 trillion dollars due to the annual diversion of cargo to neighbouring countries. The Nigerian
Ports Authority (NPA) announced last year that the project would start in the first quarter of 2024, despite efforts to secure a $1.1 billion financial model to boost the initiative. In the 2024 budget, the Federal Government allocated N150 million ($101,011.72 against N1482.72/$) to the Ministry of Marine and Blue Economy for the implementation of the port modernisation programme.
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The Nigeria Customs Service (NCS) Comptroller General, Adewale Adeniyi, said its revenue increased by 74 per cent to N4.49tn between June 2023 and May 2024, when compared to what the service collected during the same period in the previous year. Adeniyi, while presenting his scorecard of one year in office in Abuja, said, “Exactly one year ago today, and approximately three weeks into the
inauguration of President Bola Tinubu, I was appointed by Mr President as the Comptroller General of this strategic agency, the NCS.”
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Maritime stakeholders have expressed concern over the newly imposed $2,000 registration fee on indigenous shipowners by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The former Director General of the Nigerian Maritime Administration and Safety Agency, Temisan Omatseye, while speaking in Lagos recently at the 2024 Stakeholders Engagement, lamented over the two licensing fees indigenous shipowners were mandated by NMDPRANMDPRA. “NMDPRA is insisting on one licence where each shipowner pays $2,000 to register and now, they are asking for another N2m. There are two licences now, which they call coastal licenses. They have now even issued a regulation in line with the Petroleum Industry Act, which gave them that power,” he said.
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Findings by Shipping Position Daily have revealed that delays in cargo positioning for examination by terminal operators at Lagos ports are posing a significant threat to the effectiveness of Time Release Studies introduced by the Nigeria Customs Service (NCS). These delays, which disrupt the timely processing and clearance of cargoes at Lagos Ports according to industry stakeholders could undermine efforts to streamline customs procedures and improve overall
efficiency at the ports.
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The Minister of Marine and Blue Economy, Adegboyega Oyetola, has described seafarers as the lifeblood of the maritime industry, and are essential to the success of the blue economy. This is even as the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, stated that Nigeria has the potential to be a maritime powerhouse, with the right policies in place. The Minister, who stated this in Lagos during the commemoration of the 2024 Day of the Seafarer, assured in his keynote address that the Federal Government is committed to the development of the Nigerian maritime sector.
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