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‘Lekki Port’ll Boost GDP By 200%’

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A renowned stakeholder in the Nigeria’s maritime industry, Mr Adetokunbo Kayode, has said the Lekki Deep Seaport will boost the nation’s Gross Domestic Product (GDP) by 200 per cent when operational.
Kayode, who is the President, Nigeria Private Sector Alliance, insisted that the Port would also encourage the diversification of the economy.
Disclosing this to newsmen during an interview, he described the Port as one of the biggest in Africa, saying it would be of huge benefit to the nation’s economy.
Kayode, a former Attorney General and Minister of Justice, said upon its completion, the project would result in better efficiency in the import and export of goods in the country.
“Of course, it will also help us to reduce the stress that has been created by Apapa Port, which is a colonial port which we ought to have been done away with 50 years ago.
”But right now, we have this opportunity, this first phase which hopefully should be completed before the end of the year would help to alleviate all the challenges of international trade in Nigeria.
“The main aim of government is to diversify the economy which includes expanding your export trade.
“So, this new Port will help greatly to increase the opportunity for enhancing our export business, especially in a volumetric business like agriculture and mining.
“Right now, we do very minimal solid mineral export, which is just a shame but with this opportunity and other policies coming into place.
“It will help proper development of the mining industry, the beneficiation industry as well as the processing industry for minerals and agricultural products and we will be able to ship things out”, he said.
Kayode continued that the port has the potential to increase Nigeria’s GDP by almost 200 per cent because it will open doors for people to do business and help the nation benefit from the gains of the African Continental Free Trade Area.
“You know Nigerians are not lazy people, it’s just that there is this disconnect between government and the private enterprise.
“So, with this continued efforts of government to enhance this very important cooperation between the private and the public sector, we can do a lot more”, he stated.
Kayode, therefore, urged the Federal Government to profer solutions to the challenges of a good road network and rail connectivity to the port for better service delivery of the project.
Also Speaking, Managing Director, Nigerian Export Processing Zone Authority (NEPZA), Prof. Adesoji Adesugba, said the Lekki Port could accommodate the biggest vessel in the world, and create jobs for thousands of Nigerians.
“We are going to have thousands of Nigerians working here as the effect on the GDP will be awesome.
”The location of the port here is going to open doors for those who want to have their factories and production centres around the Lagos Free Zone.
“The effect of this is that Nigerian goods will be competitive. Companies will be able to employ more Nigerians rather than go outside to employ foreigners”, Adesugba said.
Earlier, the Executive Secretary, Nigerian Shippers Council (NSC), Mr Emmanuel Jime, said the Lekki Port would boost other ancillary businesses in the country.
“It means that the economic imperative in terms of profit making will also quadruple because the more business that you do the less costly it is to do that business as well.
“We are moving away from the kind of gridlock that we had in Apapa and Tin-can and I’m happy to be part of history of this event”, he said.

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Maritime

Fall Off Container Crushes Woman To Death

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Tragedy struck on Friday, when a fully loaded 40ft container fell from a Mack truck and crushed a woman to death along Lagos, Ibadan Expressway.
The Tide gathered  that the Mack truck was on high speed when the incident occurred around NNPC inward Alapere, Ogudu, along Lagos-Ibadan Expressway.
A statement made available to our correspondent in Lagos by the Director, Public Affairs and Enlightment Department of Lagos State traffic Management Authority (LASTMA), Mr. Adebayo Taofiq, said a fully loaded 40ft Mack articulated truck fell on a Nissan car with registration number ABJ 692BG and instantly killed a woman at the rear of the car, while the car driver survived unhurt with the support of LASTMA officials.
Taofiq confirmed that the driver of the Mack articulated truck with his motor-boy ran away immediately the fatal accident occurred.
He said, according to preliminary investigation, the truck while on a high speed lost control as a result of a brake failure and rammed into a moving Nissan car on motion by N.N.P.C inward Alapere, Ogudu, along Lagos-Ibadan Expressway, Lagos.
The rescue agencies at the scene of the crash were the LASEMA, Lagos State Ambulance Service (LASAMBUS), Lagos State Fire and Rescue Service and the Police.
Also at the accident scene were the LASTMA General Manager, Mr. Olalekan Bakare-Oki, LASTMA Director of Traffic Incidents, Event Monitoring, Enforcement and Compliance, Mr. Hakeem Adeosun, and the LASTMA rescue team.
General Manager of LASTMA, Mr. Olalekan Bakare Oki, however, warned motoring public, particularly truck drivers, to stop over speeding and ensure their vehicles are properly checked, including the braking system, before embarking on any journey within or outside the State.
The incident attracted passers-by, who thronged the scene lamenting the unfortunate incident, accusing men of the ports task force of negligence.

 

By: Nkpemenyie Mcdominic, Lagos

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Maritime

PTML Customs Posts N66.92bn Revenue In First Quarter 2024

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The Port Terminal Multiservices Limited (PTML) Command of the Nigeria Customs Service (NCS) has presented an impressive revenue record collection for the first quarter of 2024.
According to the Command, it collected the sum of N66,920,181,586.30 as total revenue for the quarter of 2024, which is N22,198,965,809.55 higher than N44,721,215,776.75 collected between January and March 2023, representing 49.6 percent increase.
The Customs Area Controller (CAC) of the Command , Compt. Saidu Abba Yusuf, who described the increase in revenue collection as a laudable feat , said the Command is more committed towards trade facilitation and support government drive for ease of doing business.
Comptroller Yusuf, who thanked the Comptroller General of Customs (CGC), Bashir Adewale Adeniyi, for initiating strategies to achieve faster cargo clearance, reiterared that PTML Command under his watch aims to surpass its record of three hour cargo clearance for compliant traders.
According to Yusuf, the launching of time release study (TRS), which is ongoing, and other deliberate efforts by the Comptroller General have contributed in the expansion of terminal space and promoting ease of doing business in PTML.
He also disclosed that the PTML Command has potentials to achieve two hour cargo clearance and surpass its existing three hours record, if port users compliance level is improved upon.
Comptroller Yusuf, who described PTML as one of the safest and most secure environment for RoRo (Roll On Roll Off) and general cargoes, also advised importets and their agents to take advantage of the incentives available for compliant traders such as fast track, advance ruling and possible migration to the Authorised Economic Operator (AEO) status.
He reminded port users in PTML of the robust and time conscious dispute resolution mechanism, which has contributed immensely to the revenue collection, trade facilitation and anti smuggling functions of the Command.
While commending the various government and private sector stakeholders for their cooperation and support towards realisation of government goal of revenue collection and prevention of unlawful activities, Comptroller Yusuf expressed optimism that the Command will surpass its annual target for the year.

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Maritime

Customs Comptroller Lauds Scanning Officers Over Efficiency

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The Customs Area Controller (CAC) of Apapa Customs Command, Comptroller Babajide Jaiyeoba, has commended the officers of the Non Intrusive Inspection Technology Unit (NIITU) for their invaluable contributions to the overall success of the Command.
Comptroller Jaiyeoba, who was on an unscheduled visit to the scanner site, reminded the officers of the importance of team work as a strong basis to sustain the gains of compliance and revenue collection recently recorded by the Command.
According to a statement by the Public Relations Officer, Apapa Command, CSC Abubakar Usman, Comptroller Jaiyeoba thanked Deputy Comptroller, Salamatu Atuluku, the Officer in Charge of scanning site, and encouraged the unit not to be deterred by complaints coming from persons who were made to pay accurate duties to government after issuance of demand notices.
The Customs boss stated that no business person who is made to part with money will be happy with officers that refused compromising the ethics of their job.
He noted that “The main reason for me coming here is to appreciate you. I may not see you, but I have seen your work and I won’t keep quiet about what I have seen about your work. You are doing very well. I just want to encourage you to work as a team. If you don’t work as a team, you give room for outsiders to come in and when they come in, they divide you, and when they divide you, achieving success will be very difficult.
“Do your work without blemish. Once you keep your arm straight, you can stand before anybody. Your work as a Customs Officer is to ensure that you do the correct thing.
“For those of you doing intervention in the form of Demand Notice (DN), there is no body who part with money that will be happy with you. They will want to play intelligent by hiding somewhere. When you fetch them from their hiding place, they become your enemy.
Whatever they write about anybody here will still come down to me and if anybody works well, the onus on me is to defend such a person .
“Just have it at the back of your mind that you owe yourself the duty of doing your work diligently whether anyone comes around as a friend or enemy. It is not enough for you to rest. The reward for hard work is more work. These demands require sacrifice so that you can maintain the status”.

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