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Customs Posts N16.2bn At Lagos Port

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The Nigeria Customs Service (NCS), Tin Can Island, Lagos Port Command, said recently that it collected N16.2 billion revenue in February.

The Public Relations Officer of the command, Mr Chris Osunkwo, said this in an interview with The Tide  and explained that the amount collected was N3 billion lower than what was collected in the corresponding month of 2012.

He attributed the decrease to the delay in signing the 2013 budget.

“Naturally, at the beginning, because of the delay in signing the budget, the international traders are wary or skeptical, not knowing which way the budget would go.

“But there is this feeling for them to wait and see what would happen before they can embark on imports in the New Year.

“So we had the spillover from last year imports in December and January. In fact, the actual imports for this year start in February.

“So, as a result, there is this natural drop in cargo throughout and that is from our experience, what can be said to be responsible for the slight difference in revenue generated for the month.”

Osunkwo said that the command also made seizures valued at N24.8 million between January and February, adding that eight containers and a vehicle were seized in the process.

He said that the containers seized had items such as tissue paper, furniture, soap, vegetable oil, soft drinks, used clothes, generators, and used tyres in them.

He urged genuine importers to patronise the Tin-Can Island port, saying that the Comptroller-General of the NCS, Dr Abdullahi Dikko had pledged to provide import incentives there.

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AHCN To Hold Workshop On Financing Affordable Housing

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The Association of Housing Corporations of Nigeria (AHCN), in line with its objective of solving the growing housing deficit in Nigeria, will be holding a two-day national workshop on financing affordable housing. 
The theme of the workshop which will be held at Radisson Blu Hotel, GRA Ikeja is: Unlocking Hidden Opportunities for Financing Affordable Housing. 
The workshop, according to AHCN, will be addressing, among others, the activation of dead assets as tools for funding affordable housing, the prospects of Reits as solutions to affordable housing, exploring partnership synergy in resolving housing deficit, unlocking finance barricades and limitations to affordable mass housing as well addressing challenges of off-takers guarantor in funding affordable housing. 
Major stakeholders and decision makers in the housing sector are expected to participate in the workshop which would also provide avenue for major players in the sector to rub minds and proffer appropriate modalities for funding, development and execution of affordable housing. 
The workshop is also designed to reposition housing agencies to be awake to take advantage of inherent opportunities in provision of mass housing for the people especially the low income group. 
Speakers at the event include: Managing Directors of Family Homes Fund and Federal Mortgage Bank of Nigeria, Femi Adewole and Ahmed Dangiwa respectively; Hakeem Ogunniran, Managing Director of Eximia Realty Ltd; and Harmony Kunu, Managing Director of Workers Affordable Properties Ltd , Rwanda,
Other speakers are Sesan Obe, Managing Director of CentreBase Consult; Jide Odusolu, CEO of Oct 5 Holdings Ltd and Basheer Oshodi, Managing Director of TrustBanc Arthur, among others.

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Eradiri Faults NDDC Leadership Structure Wants Agric As Top Priority

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The Special Adviser to the Sole Administrator of the Niger Delta Development Commission (NDDC) on Youths, Udens Eradiri, has faulted the leadership structure of the commission, saying it has not helped the cause of the Niger Delta in the last 25 years.
Describing the leadership structure of the NDDC as faulty, he said that the faulty leadership structure was the reason why President Muhammadu Buhari ordered for a forensic audit in the commission.
Eradiri who is the former president of the Ijaw Youths Council (IYC)
disclosed this while speaking to aviation correspondents, last Friday, shortly on arrival at the Port Harcourt International Airport, Omagwa, from Abuja. 
He said the outcome of the forensic audit would be used to do a wholistic reorganisation of the organogram of the commission.
According to him, the wholistic review of the organogram of the NDDC will help in putting the leadership structure in order, and enable things to function properly.
“The leadership structure of NDDC in the past years had been faulty, and that was why the President said there should be forensic audit, which would be used to do a wholistic review of the organogram of NDDC, so that it can function properly.
“The new board is coming soon, but the whole process will pass through the National Assembly to be cleared”, Eradiri said.
On the achievement of the present NDDC management, the special adviser said that the Effiong Akwa led administration had recorded some landmark achievements compared to the last 25 years. 
He said that the present interim management within two years completed and commissioned the headquarters of the NDDC, which had been left for over 25 years.
He also said that the completion of the East-West road project had intensified under the present management, adding that NDDC has also supported states on sanitation through donation of trucks.
Eradiri, however, admitted that the present interim management had not taken a firm stand on agricultural development even though it has been working with the Central Bank of Nigeria on the Anchor Borrowers Scheme.
“I believe that the only tool to use and get ourselves out of the quagmire we find ourselves is agriculture, and I think that the NDDC can design its own scheme on how to grow agriculture as a deliberate policy.
“This will bring change that will grow the region’s economy. We must talk about agricultural processing, and we can put palm oil into sachet, and even students can be buying them,” he said.

By: Corlins Walter

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Nigeria Lost N851bn To Oil Theft, Sabotage   – NEITI

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Nigeria lost N851.84bn ($2.78bn) to oil theft and pipeline sabotage in 2019, the Nigerian Extractive Industry Transparency Initiative (NEITI)   has said.
NEITI said this in its latest oil and gas industry audit report.
NEITI stated that it arrived at the estimate after using an average price of $65.61 per barrel and an average exchange rate of N306.42/$ .
It, however, noted that there was a significant reduction of 21 per cent from the previous year, where 53.28 million barrels were lost.
Losses such as these are recorded by companies whose crude volumes are carried through pipelines easily compromised by saboteurs.
The report also stated that some oil terminals recorded no production. These included Aja operated by Bayelsa Oil, whose license was revoked by the government.
Others were Asaramatoru and Oyo managed by Prime and Allied/CAMAC who were reportedly inactive for the year.
Nigeria earned a total of N10.49tn ($34.22bn) from crude oil and gas sales. This was a marginal 4.88 per cent increase from 2018 revenues of N9.99tn ($32.63bn).
The total crude oil production recorded was 735.24 million barrels, a 4.87per cent increase from 701.10 million barrels reported in 2018.
A total of N2.145tn ($7.011bn) was the domestic sales proceeds in 2019 from 107.24 million barrels of crude oil. This was 0.36 per cent lower than the domestic crude sales of 107.63 million barrels in 2018.

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