Business
NPA Begins Automation Of Call-Up System, August
The Nigerian Ports Authority (NPA) said, yesterday that it would begin automation of the call-up system in August.
The NPA’s General Manager, Corporate and Strategic Communication, Mr Adams Jatto made this known in an interview with The Tide source in Lagos.
According to him, what is holding back the take-off of the call-up system is the shoreline protection for the Tin-Can axis of the truck terminal.
“We have concluded the procurement process to be able to engage our investors to manage the truck park.
“So with this, I believe we should be able to have something on ground for people to be proud of.
“Call-up system is not just the areas we are looking at, for us to ease the congestion along ports access roads.
“It is a kind of temporary measure for us to ensure that we have a free flow on the axis that lead to the ports.
“The call-up system is for us to be able to have truck parks along ports area and some of the truck owners have assured us that they have truck parks, where they can park their trucks.
“A call-up system is to ensure that in each of the areas where there are truck parks, the trucks are there and when it is time for them to come to the ports, we have to adopt the call-up system to call them.
“On the basis of this, we will be able to streamline the trucks coming into the ports, to ease congestion,” Jatto said.
He said that the authority was looking forward to implementing sustainable solutions to the gridlock.
He said that the agency had provided short, medium, and long term solutions to the gridlock.
Jatto maintained that the present management of NPA had also engaged the support services of other government agencies, which built part of the road in partnership with NPA.
The agencies included: the Federal Ministry of Works, Power and Housing,Dangote and Flour Mills.
He said that between Lagos Port Complex and after Leventis, the road had been constructed for short-term, saying that the medium term plan was to construct the Creek Road, down to Tin-Can Island Port and Mile-2.
Jatto further disclosed that the road would be constructed from Mile-2 to Oworonsoki.
He said that under the long-term solutions provided, the Federal Ministry of Transportation would ensure that cargoes were evacuated to the hinterland through the rail system being put in place.
“A truck terminal park had been constructed at Tin-Can Island port, but the shoreline protection was not done.
“The Federal Ministry of Works had re-awarded the contract for completion.
“ Our Managing Director, Ms Hadiza Bala-Usman had taken a bold step to ensure that the truck terminal will be managed by Public Private Partnership (PPP).
“That is where we are having real automation of call-up system.
“The management of NPA is working toward ensuring that Lillypond terminal is converted to a truck transit park for easy flow of traffic, along ports access road in Lagos, “ he said
He however, urged ports users to bear with the NPA management, as it was not in the authority’s character to allow congestion on the access road to the port.
Jatto said that the management was doing its best possible to ensure that ports in the country became user friendly so that revenue collection would improve.
Business
Food Vendors, Others Relocate To New Site At PH Airport
The raging controversy between the Port Harcourt International Airport Management and restaurants/canteen operators and theirallies over relocation has been brought under control, as the operators have commenced relocation to their structures at the new site.
Recall that there had been serious feud over a directive by the Manager of the airport, Mr. Michael Area, for food vendors and their allies to relocate to the new site.
They insisted that the new site was too distant and hence, would negatively affect patronage from customers, with possible loss.
They further also insisted that it wouldcost them much money to put up another structure, given the economic situation in the country, since the airport management did not build any structure for them, apart from providing the empty land they have to also pay for.
The situation had led to flexing of muscles, which made the Airport Manager to order for sealing of all shops, resulting in scarcity of food, as airport users could not find a place to eat, apart from the only Genesis fast food spot available.
As at last Friday, The Tide observed that most of the food vendors had transferred their structures to the new place, and had started doing business there already.
Meanwhile, customers have started settling down at the new location as they were seen patronising shops for foods and drinks, in spite of the distance.
Few of the remaining structures at the old site, The Tide further gathered, will also be removed as quickly as possible, and the owners are making efforts to get funds for the job to be done.
One of them, Mrs Aka Love explained that she was going to relocate to the new place before the end of March.
Currently, business activities at the old site have come to null, as the place which was usually a beehive of food, drinks and relaxation, has completely winded down.
By: Corlins Walter
Business
MOWCA Strengthens Maritime Crime Prevention
Secretary General of the Maritime Organisation of West and Central Africa (MOWCA), Dr. Paul Adalikwu, has stepped up interaction with the United States Government to lift restrictions placed on some member countries allegedly implicated in illicit shipping activities.
Adalikwu, who led a delegation from the MOWCA Secretariat to the US Embassy in Abidjan for a first leg of the strategic consultation aimed at promoting seamless participation of MOWCA countries in international trade within the global maritime space, reiterated the organisation’s commitment to the best ethical and lawful maritime practices.
Addressing the U.S Ambassador to Côte d’Ivoire, H.E Mrs Jessica Davis Ba, the MOWCA SG stated the organisation’s interest in promoting the International Ship and Port facility Security (ISPS) code which aims at enhancing security of vessels and their ports of call.
He expressed the commitment of MOWCA in promoting environmentally friendly, safe and cost effective shipping without any encumbrance that may limit the economic potential of member countries.
Dr Adalikwu recalled that at the instance of the U.S. Department of State invitation, MOWCA participated in the 2023 Registry Information Sharing Compact (RISC) Conference in Larnaca, Cyprus, on February 28–March 1, 2023, and a virtual meeting held on June 6 2023, with Mrs Jennifer Chalmers, Officer in change of Counterproliferation Initiative.
He recalled The U.S. DOS willingness to support MOWCA’s effort for preventive maritime security through the establishment of the Center for Information and Communication (CINFOCOM) with the aim to ensure a maritime situational awareness domain within MOWCA’s member states’ waters.
He added that MOWCA under his watch is committed to training and retraining of maritime practitioners and experts to enhance the human capital capabilities of member states.
The CINFOCOM will help prevent transnational crimes committed at sea like sanctions evasion by North Korea and other state actors, who exploit poor enforcement due diligence by ship open registries to circumvent United Nations and U.S. trade restrictions.
By: Nkpemenyie Mcdominic, Lagos
Business
Nigeria’s Public Debt Hits N97.3trn – DMO
The Debt Management Office (DMO) has hinted that Nigeria’s public debt increased by 10.7 per cent from N87.87 trillion in the third quarter of last year, to N97.34 trillion as at December 31, 2023.
DMO, in an update data released last Friday, said the increase in the debt stock was largely due to new domestic borrowing by the Federal Government to part finance the deficit in the 2024 Appropriation Act and disbursements by multilateral and bilateral lenders.
The office noted that the N97.3 trillion public debt comprises of domestic debt of N59.12 trillion and external debt of N38.22 trillion. The sum of $3.5 billion was used to service external debt during the review period.
“Nigeria’s Public Debt Stock as at December 31, 2023 was N97.34trillion or $108.229 billion. This amount comprises the domestic and external debt stocks of the Federal Government of Nigeria (FGN), the 36 States Governments, and the Federal Capital Territory (FCT).
“There was an increase of N9.43 trillion over the comparative figure for September, 2023, which was largely due to new domestic borrowing by the FGN to part finance the deficit in the 2024 Appropriation Act and disbursements by multilateral and bilateral lenders.
“At N59.12 trillion, total domestic debt accounted for 61 percent of the total public debt stock, while external debt at N38.22 trillion accounted for the balance of 39 percent.
“Consistent with the debt management strategy, Nigeria’s external debt stock was skewed in favour of loans from multilateral (49.77 percent) and bilateral lenders (14.02 percent) or total of 63.79 percent which are mostly concessional and semi-concessional.
“Whilst the DMO continues to employ best practice in public debt management, the recent and on-going efforts of the fiscal authorities to shore up revenue will support debt sustainability”, DMO stated.
By: Corlins Walter
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