Business
Maritime Body Makes Case For Pre-Shipment Inspection
The National Council of Managing Directors of Licensed Customs Agents (NCMDLCA) has urged the Federal Government to revert from Destination Inspection to pre-shipment Inspection Scheme, a new development in the realms of international trade on the dual mission of protecting national security.
The National President of the association, Mr. Lucky Ayis Amiwero, disclosed this in an exclusive chat with our correspondent in Lagos.
According to him, NCMDLCA and the Presidential Task Force on the reform of Nigeria Customs Service are worried over the regime of destination inspection, which allows influx of unwholesome goods such as arms and ammunition, contrabands and dangerous items that expose the nation to security threat.
Amiwero declined that those who have declared their preference for destination inspection at the expenses of pre-shipment inspection have short memories to remember the position of the country economically, hence he said the government should quietly discard it and put in place pre-shipment inspection.
He said that pre-shipment inspection is embraced all over the world prior to the event of 9/11 that precipitated a change in cargo inspection based on security and safety.
Amiwero, who advised that Nigeria should not be left in the hands of greedy and selfish people, who are bent on destroying it in order to achieve their selfish objectives, cautioned that it would amount to colossal loss and disaster to the economy as well as the nation if import procedures in the country are left loose.
According to him, the international agreement on cargo security states that, “the cargo security programme developed after 9/11 emphasised on the provision of advance information of shipment of goods to the importing country, which is a new protocol for tracking and screening of cargo both from the country of origin to destination, which was adopted globally due to security threat on the supply chain”.
The customs agent, who has served on various government task force/committees noted that the pre-shipment inspection Act, Paragraph (2) (3) (4) and (5) contain the global requirement for pre-shipment and condition as contained in the safe framework for pre-screening for security safety and revenue of import adding that the global best practice on cargo information, the screening and tracking that is to be shipped to country of import before loading on board the ship, so as to safeguide the country from importation of unwholesome products such as ammunition and prohibited items.
He further explained that under the new rule, 10 + 2, before goods arrive by vessel into United States, importer or his agent must submit certain advance cargo information to CBP in form of an Import Security Filling (ISF) as to identify high-risk – shipment in order to prevent smuggling and ensure cargo safety and security.
He noted that under destination inspection, the nation has lost billions of naira through import manipulation, improper duty assessment and double handling in the ports among other corrupt practices.
On shipping lines operating in our coastal waters, Mr. Amiwero tasked the federal government to look into what these shipping lines are doing as he linked them with some of the difficulties faced in the ports.
He also carpet NIMASA for their negligence in the area of cabotage after four years of implementation, stressing that the parastatal has failed woefully on cabotage implementation while urging the government on the importance of the ports to the nation’s development, noting that the issue of security should not be forgotten.
“Without security, the nation will find it difficult to put things right and foreign investors will continue to stay away from Nigeria,” he said.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.
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