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Govt, Port Operators Lose N40bn To Strike In Apapa

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The National Association of Government Approved Freight Forwarders (NAGAFF) yesterday said the Federal Government and port operators lost about N40 billion to the 11-day strike which crippled Apapa Port last month.
This is contained in a statement made available to newsmen in Lagos by the Public Relations Officer of the association, Mr Simeon Nwonu.
The statement described the strike as “needless’’, adding that there was no reason for it.
It expressed concern over the long ship waiting time experienced at the port during the strike.
“For avoidance of doubt, it is on record that the alleged complaint against APMT operations (the concessionaire of the Apapa Container Terminal) is not peculiar to Apapa Port.
“The issue of arbitrary charges is a matter which affects almost all terminal operators in Nigerian ports.
“This matter at present is being handled by the Nigerian Shippers’ Council (NSC) as the commercial regulator.
“We are aware that a case is pending at the High Court between the terminal operators and Nigerian Shippers’ Council with regards to arbitrary charges,’’ the statement said.
“APMT is a world-class terminal operator and an investor in Nigeria that requires the support and protection of our country.
“If the agency of government which had the schedule to administer our ports had performed well, it is obvious that our ports may not have been concessioned,’’ NAGAFF said.
The statement said that a good example was that of the Nigeria Customs Service (NCS) which had retrieved its statutory function from the service providers after several years, with the help of the freight forwarders of Nigeria.
“We do hope that the Nigerian Ports Authority (NPA) will take advantage, using its oversight functions to ensure that our ports are friendly and competitive.
“The essence and primary objective of port concession is to bring about efficiency, competitiveness and reduction of costs.
“It is most unfortunate that human element problems, including but not limited to corruption; non-compliance with import regulations, disregard for rule of law and inadequate cargo handling equipment are the bane of our port operations.
“The Nigerian seaports like any other all over the world is a transit area for goods and persons,’’ the statement said.
It said: “what we see today is that ports are being used as warehouses and thereby distorting the entire system in ports administration and management.’’
NAGAFF said that Section 31 of the Customs and Excise Management Act (CEMA) was clear as to the dwell time of cargo in the ports which should not exceed 30 days.
The statement said: “thereafter such goods would be moved out of the port for further action, including but not limited to processes leading to auction.
“The point herein is to ask why uncleared cargo lists are not being prepared and such cargo transferred to the designated outer terminals.
“Progressive port charges for unlawful stay of cargo in our ports become necessary as a deterrent to the defaulters.
“It is also a fact that the cargo scanners are not optimal in their performance, due to frequent breakdown,’’ the association said.
The statement condemned the administration of the Pre-Arrival Assessment Report (PAAR) regime and maintenance of the scanners by the customs service with a ‘meagre’ sum of 7 per cent of the total duty collected.
It said that the service had to attend to the general welfare of officers and men, salary, capital projects and other logistics required to ensure an efficient customs operations.
“We advocate that the Nigerian Shippers’ Council be allowed to conclude the on-going court processes with the terminal operators to resolve the issue of arbitrary charges and other incidentals,’’ it said.
The statement directed all members of NAGAFF to exercise restraint in any matter leading to the closure of the port and explore all amicable avenues with the authority.

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Niger Delta Investment Summit Targets $5bn Inflows, 500,000 Jobs

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The Niger Delta Chambers of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has unveiled the plans to host a major economic and investment summit aimed at attracting five billion dollars, ( N7 trillion) investments in addition to creating about 500,000 jobs over the next five years.
The Chairman of NDCCITMA Board, Ambassador Idaere Ogan, disclosed this in Port Harcourt, recently.
Ogan stated  that the initiative is designed to reposition the Niger Delta as a viable destination for sustainable economic growth and development.
He explained the summit would bring together investors, policymakers, manufacturers and business leaders from within and outside Nigeria to explore opportunities across key sectors of the regional economy.
According to him, the event is expected to attract high-profile participation, with President Bola Tinubu billed as Special Guest of Honour, while the Prime Minister of Barbados, Mia Amor Mottley, is expected to deliver the keynote address.
Ogan said the summit would focus on critical sectors including agriculture, manufacturing, logistics and the blue economy, which he described as areas with significant untapped potential.
He called on state governments, development partners and private sector stakeholders to support the initiative, stressing that collective efforts are required to unlock the region’s economic prospects.
 NDCCITMA chairman further stated that improving security conditions and increasing economic confidence in the Niger Delta have made the region more attractive to both local and foreign investors.
He emphasised that ongoing economic reforms at the national level have also contributed to creating a more favourable investment climate.
Also speaking, the Chairman of the Summit Organising Committee, Dr. Solomon Edebiri, said the event would prioritise the growth of small and medium-scale enterprises (SMEs) across the region.
He noted the summit would provide a strategic platform for networking, business partnership and policy dialogue aimed at strengthening the private sector.
Edebiri disclosed that findings from a recent business roundtable revealed significant untapped investment opportunities, which the summit seeks to harness through targeted collaborations.
He revealed that the event would feature exhibitions of viable projects, facilitate business-to-business and business-to-government engagements, and also promote innovations across multiple sectors.
According to him, the expected outcomes of the summit include job creation, increased industrial activity and improved livelihoods for people in the Niger Delta.
To build momentum ahead of the event, NDCCITMA said the body would embark on awareness roadshows across states in the Niger Delta, as well as in Lagos and Abuja, to attract broad participation.
King Onunwor
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NPA Targets N1.489tn Revenue In 2026

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The Management  of Nigerian Ports Authority (NPA) has set N1.489 trillion as its Internally Generated Revenue (IGR) target for the 2026 fiscal year.
NPA says the figure represents an increase of N21 billion over the N1.468 trillion target for 2025, which the agency exceeded with an actual revenue of N1.97 trillion.
 The Managing Director NPA, Dr Abubakar Dantsoho, stated this  during the agency’s 2026 budget defence before the Senate Committee on Marine Transport.
Dantsoho said  the authority was set to begin groundbreaking projects for the modernisation of Apapa and Tin Can Island ports to enhance global competitiveness.
According to him, of the projected revenue: N945 billion is allocated for capital projects, N447.5 billion for operating expenses, and
N90.6 billion for remittance into the Consolidated Revenue Fund (CRF).
The MD explained that the budget was anchored on the mantra, “Consolidation, Renewed Resilience and Shared Prosperity.”
Dantsoho said that the modernisation of Apapa and Tin Can Island ports were flagship projects aimed at boosting revenue.
“Apapa and Tin Can Island ports are old and no longer adequate for modern global port operations.
“Apapa Port is about 100 years old, while Tin Can Island Port is over 50 years old, with limited capacity for handling modern vessels and cargo volumes.
“Groundbreaking for their modernisation will commence within the next two to three weeks,” he added.
On the Treasury Single Account (TSA), Dantsoho said all revenues generated by the NPA are paid directly into the account managed by the Central Bank of Nigeria (CBN).
“We do not retain any funds. The Central Bank is the signatory and we must apply for funds whenever needed,” he explained.
Earlier in his remarks,Chairman of the Senate Committee on Ports, Sen. Wasiu Eshinlokun (Lagos Central), said the committee’s oversight function was collaborative rather than adversarial.
“Our goal is to work with you to strengthen institutional capacity, eliminate inefficiencies and ensure that every naira appropriated serves the public interest,” he said.
Chinedu Wosu
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NPF Disburses ?21.68m  To Fallen Heros’ Families …Reinforce Welfare Commitment 

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Nigeria Police Force has disbursed a total of ?21,678,120 to the deceased police officers families in Rivers State as part of ongoing welfare interventions by the force.
The gesture formed a major highlight of the activities marking  the 2026 National Police Day celebration in the state, underscoring renewed institutional focus on personnel welfare and post-service support systems.
The Commissioner of Police, Olugbenga Adepoju, who presided over the cheque presentation ceremony, said the initiative reflects the Force’s commitment to honouring officers who paid the ultimate price in their line of duty.
He explained that the financial support is designed to cushion the economic burden faced by bereaved families, while also reinforcing confidence among serving personnel about the Force’s long-term welfare structure.
Adepoju conveyed the sympathy of the leadership of the Nigeria Police Force to the beneficiaries, noting that the sacrifices of fallen officers remain invaluable to national security and public safety.
The police boss further stressed that sustained welfare interventions are critical to boosting morale, enhancing productivity, and strengthening institutional loyalty within the Force.
He reiterated that the welfare scheme aligns with broader reforms aimed at repositioning the Nigeria Police Force as a responsive and people-oriented institution.
Beneficiaries of the cheques commended the Inspector-General of Police, Olatunji Rilwan Disu, for prioritising the welfare of officers and their families through consistent and impactful interventions.
They described the initiative as timely and compassionate, noting that it would go a long way in alleviating financial pressures arising from the loss of their loved ones.
The families also acknowledged ongoing reforms under the current police leadership, which they said have strengthened trust, improved service delivery, and enhanced the overall image of the Force.
The Rivers State Police Command reaffirmed its commitment to sustaining similar initiatives as part of efforts to uphold the dignity, sacrifice, and legacy of officers who served the nation with distinction.
King Onunwor
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