Business
NPA Insists On Dollarisation Of Port Transactions
The Management of the
Nigerian Ports Authority (NPA) has insisted on dollarisation of transactions and urged terminal operators to pay up to date.
The Managing Director of NPA, Ms Hadiza Usman, stated this at a stakeholders meeting in Lagos to round off her two-day tour of the Western ports in Lagos, Friday.
She said that the dollar regime had been in operation before she assumed office in July and would still remain until a change is considered.
“I know these are trying times for everybody but as partners, NPA relies on you to meet its statutory and corporate obligations.
“From inception in 2006, the concession terms of payment is in dollar and it will amount to subversion of norms to change the goal post mid-way.
“I feel for you, knowing the difficulty in garnering forex with the turbulent dollar to naira regime,’’ she said.
She urged stakeholders to think out of the box and ensure that the federal government royalties were paid as and when due to avoid sanctions.
Some of the stakeholders, who appealed for a downward review of the tariff regime demanded that they should be considered to o pay in naira.
They further asked that NPA should make it a priority to ensure security within and around the ports, the water fronts and provision of facilities.
The General Manager, Eko Support Services Lt., Mr Sani Edu, said that with the current tariff regime, Nigerian ports were not competitive.
“In comparism to other ports in the West African sub-region, the Nigerian port is the most expensive.
“That gives the neighbouring ports of Cotonou and Lome the edge because investors are free to choose where to invest their money,’’ he said
Mr Marshall Bombe of GMT Ltd, reminded the port management of the existing international shipping tariffs standard which also applied to Nigeria.
“The volume of vessels sailing into Nigerian ports has declined from 30,000 to 10,000 in the recent past as a result of the unfavourable business environment,’’ Bombe said.