Business
Association Denies Raising Costs At Nigerian Ports
The Seaport Terminal Op
erators Association of Nigeria (STOAN) has said that the high cost of business at the Nigerian ports should not be blamed on its members.
The spokesman for the association, Mr Bolaji Akinola, told newsmen in Lagos that costs of business at the ports were not as a result of their charges put at two per cent.
“All the terminal operators work, you remove the container from the ship, keep it and the owner comes to collect it.
“So, the cost of the terminal operators is what is called terminal handling charges.
“The other cost is storage; storage is for the number of days that he keeps the container at the terminal until you are ready to take it.
“Terminal handing charge is fixed. Since 2006, when the terminal operators took over, they never increased it. That is where terminal operators make money from.
“It is from terminal handling charges. It is called ‘THC’.
“So, it was fixed by government in 2006 and given to them.
“Government cut what NPA was charging by 30 per cent in 2006 and say,’ terminal operators that is what you should be charging’.
“So, where NPA was charging N1, 000 terminal operators were asked to collect only N700.
In 2006, when the terminal operators started, the cost of diesel was N65 per litre and today diesel is N170,“ Akinola said.
He recalled that the terminal operators recently increased the storage charges with the introduction of progressive storage charge.
Akinola explained that the introduction of the progressive storage charges was meant to discourage the use of the ports as storage areas.
He added that terminal operators were interested in cargo throughput (imports and exports).
The spokesman urged importers to get warehouses to store their containers to avoid congestion at the ports.
Business
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Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
