Business
Apapa Port Accounts For 35% Export Trade – Bello-Koko
Managing Director, Nigerian Ports Authority (NPA), Mr Mohammed Belo-Koko, has revealed that deployment of technology has helped to increase exports from 30 to 35 percent annually in the last three years at Apapa port.
He disclosed this at the 3rd JournalNG Port Industry Town Hall meeting on Thursday in Lagos
Speaking at the event with the theme: “Essence of Automation to Productive Blue Economy”, the NPA boss, who was represented by the Port Manager, Apapa Port, Mr. Charles Okaga, stated that the deployment of automation has enabled the Authority enhance its operations leading to increase in exports from 30 percent to 35 percent in the last three years.
“For our total throughput for Apapa port, we have about 35 percent export. Since 2021 export moved steadily from 30 percent and it also increased further in 2022.
“This is attributable to the establishment of the NPA Export Processing Terminals to eliminate factors that act as a clog in the wheel of logistics and ease of doing export business.
“We must also note that we have enjoyed port stakeholders buy-in and support from several government agencies.
“It is also worthy to note that the presidency through the Presidential Enabling Business Environment Council (PEBEC) has played a key role in driving this agenda with NPA”, he said.
According to him,”Export Processing Terminals presently enjoy technologically enhanced connectivity to ports and other infrastructure like Truck Transit Parks (TTPs) which simplify the access to ports and eliminates delays that formerly led to expired Agro-Exports”.
He explained that the vessel waiting time at the berths have been reduced to few hours, describing this as a major development from the former 1-6 day waiting time.
Also speaking, the Area Controller, Kirikiri Lighter Command, Nigeria Customs Service (NCS), Comptroller Timi Bomodi, stressed that Nigeria’s hope of attracting Foreign Direct Investments (FDIs) into the blue economy sector wouldn’t be realized without adequate data to guide investments.
Bomodi, however, stated that automation could be channeled towards the collation of such vital data to guide local investments, government policies and ultimately attract FDIs.
The Customs boss, admonished all port stakeholders to develop and publish their Standard Operating Procedures (SOPs) and ensure they adhere to these SOPs to avail port users a high degree of certainty on port processes.
According to him, the absence of SOPs at ports leads to ambiguity and hampers the ease of doing business.
On his part, the President General of Maritime Workers Union of Nigeria (MWUN), Prince Adewale Adeyanju expressed concern that the rapid introduction of technology and innovations in the maritime domain will lead to massive job losses.
Adeyanju advised the relevant government agencies and other stakeholders to ensure that such technological advancement aren’t at the expense of maritime workers.
Earlier, the Publisher of JournalNG and convener of the summit, Mr. Ismail Aniemu, stressed that talkshop is expected to set the tone for a credible and viable maritime agenda for the maritime industry.
“Today we have a Ministry of Marine and Blue Economy, but the concept of this year’s theme was prepared several months ago. At that time, we never knew that the government would create a Ministry of Marine and Blue Economy out of the existing Transport Ministry.
“Nevertheless, we know that in blue economy there are numerous low hanging fruits for economic diversification in Nigeria.
“Stakeholders and experts in this industry have used this talkshop to project their views which are encapsulated as recommendations for the government to consider. We also maximize the advantage of the mass media to propagate the issues emanating from the summit”, Aniemu said.
By: Nkpemenyie Mcdominic, Lagos
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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has asked companies in the oil and gas sector to undertake urgent review of salaries of their workers in view of the prevailing harsh economic conditions in the country.
Also, the pensioners of Chevron Nigeria, under the aegis PenCoN, have lauded the President of PENGASSAN, Comrade Festus Osifo and his executive on their unrelenting efforts toward addressing pension abnormalities faced by retired workers in the oil and gas industry.
The association also appealed to the federal government to take necessary measures to check banditry and terrorist activities in parts of the country.
PENGASSAN President, Osifo who addressed journalists shortly after the National Executive Council meeting of the association in Abuja, at the weekend, said that though a lot of success has been recorded in negotiating salary reviews for its members, there are still organisations that have failed to lift their workers from the present harsh economic situation.
He said within this period, PENGASSAN has signed numerous Collective Bargaining Agreements (CBAs) which has brought smiles to the faces of its teeming members.
“This is because we recognise that our job, literally, is how to protect the job of our members, and how to enhance their pay,” he said.
Osifo said that operators in the oil and gas sectors always go for the best qualified professionals to carry out their operations.
“So, the same way they recruit the best, we also challenge them to provide the best condition of service and provide the best remuneration.
“Yes, today, a lot of companies will have achieved successes, but there are still few that we are still discussing at their CBAs, that we are not yet there.
“We still use this opportunity to call on these companies that are still foot dragging, that are still holding back, even with the massive devaluation that has occurred in our country, that still don’t want to fix the remuneration of our members.
“We are calling on them to do the needful, because for us in PENGASSAN we will push without holding back. We will push, using everything in our arsenal, to ensure that the needful is done,” he said.
Osifo spoke of the dispute with the Dangote Refinery group, saying there are still pending issues to be resolved.
“Gentlemen of the press, during the networking session, we also looked at the issues that are plaguing some of our branches, and you know that recently, we had some challenges in Dangote Refinery and PetroChemicals Ltd.
“And within this period, since our last National Industrial Action, we have been engaging them in a lot of conversations, but the issues are not fully resolved. There are still a lot of pending issues.
“Yes, the NEC decided that, yes, let us still consummate that process by pushing those issues, by engaging in dialogue to resolve the issues, and by also engaging all our social partners and stakeholders to get the issues resolved,” he said.
The Securities and Exchange Commission (SEC) has launched the Regulatory Hub, a new centralized digital platform designed to streamline collaboration, strengthen oversight, and improve transparency across Nigeria’s financial and capital market ecosystem.
The Commission disclosed this in a statement posted on its website.
According to the commission, the platform connects key regulatory and security institutions including the Office of the National Security Adviser (NSA), the Central Bank of Nigeria (CBN), Economic and Financial Crimes Commission (EFCC), Federal Inland Revenue Service (FIRS), and Corporate Affairs Commission (CAC), enabling them to exchange information securely and in real time.
The launch of this regulatory hub comes ahead of the implementation of new tax laws in January 2026, with agencies such as the FIRS spreading its tentacles across sector to monitor compliance.
According to the SEC Director-General, Emomotimi Agama, the launch marks a significant step toward modernizing Nigeria’s regulatory framework through technology.
“The Regulatory Hub is a major step in our commitment to leverage technology for stronger regulatory synergy. By connecting regulators on one platform, we are building resilience, enhancing market integrity, and promoting investor confidence,” he said.
The SEC said the platform would help reduce bottlenecks in regulatory processes and facilitate faster, more informed decision-making across agencies.
Reinforcing the DG’s comments, the Executive Commissioner, Operations, Bola Ajomale, highlighted the operational benefits of the new system.
“The platform will significantly improve the timeliness and quality of regulatory decision-making. It provides a single window for regulators to share data, respond to requests, and collaborate seamlessly in safeguarding our financial and capital markets,” he said.
The commission believes the Regulatory Hub would support its broader mandate to strengthen investor protection, enhance market stability, and harmonize regulatory activities across the financial sector.
It urged stakeholders to initiate interest by emailing the Commission, adding that once registered, participants would be able to access the Hub and take advantage of its features.
Business
NAFDAC Decries Circulation Of Prohibited Food Items In markets …….Orders Vendors’ Immediate Cessation Of Dealings With Products
The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing circulation of banned food products across markets in the country.
The agency, in a Press Release dated 6 December 2025, warned that these items including pasta, noodles, sugar and tomato paste are expressly listed on the Federal Government’s Customs Prohibition List and are illegal to import.
NAFDAC stated that the sale and distribution of such prohibited items violate national trade laws, compromise the integrity of Nigeria’s food control system, and pose significant public health risks, as they have not undergone the agency’s mandatory safety and quality evaluations.
Importers, market traders, and supermarket operators have therefore, been directed to immediately cease all dealings in these items and to notify their supply chain partners to halt transactions involving prohibited products.
The agency emphasized that failure to comply will attract strict enforcement measures, including seizure and destruction of goods, suspension or revocation of operational licences, and prosecution under relevant laws.
The statement said “The National Agency for Food and Drug Administration and Control (NAFDAC) has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products such as pasta, noodles, sugar, and tomato paste currently found in markets across the country.
“These products are expressly listed on the Federal Government’s Customs Prohibition List and are not permitted for importation”.
NAFDAC also called on other government bodies, including the Nigeria Customs Service, Nigeria Immigration Service(NIS) Standards Organisation of Nigeria (SON), Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Shippers Council, and the Nigeria Agricultural Quarantine Service (NAQS), to collaborate in enforcing the ban on these unsafe products.
By: Lady Godknows Ogbulu
