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
Continue Reading
The Nigeria Customs Service(NCS), Ogun 1 Area Command, has solicited support in fighting smuggling and other economic crimes at the Nations border.
The Area Comptroller, Olukayode Afeni made the appeal in an interview with Newsmen in Idiroko, Ogun.
The comptroller stressed the need for the public to provide timely and reliable information to the Service, saying noting that fighting smuggling is a collective effort
“I urge the general public to join hands with NCS by providing timely and credible information that would help toward suppressing smuggling and other economic crimes.”
“Together, we can build a prosperous nation where compliance is the norm, and criminality has no place,” he said.
Afeni reiterated the command’s commitment to combat smuggling, and facilitating legitimate trade, as well as generate revenue for national development.
Chinedu Wosu
The 49th Session of the International Fund for Agricultural Development (IFAD) Governing Council has concluded in Rome, with Nigeria taking a prominent leadership role in advancing global agricultural development priorities, particularly strategic investment in youth and women.
The biennial meeting, themed “From Farm to Market: Investing in Young Entrepreneurs,” underscored the growing recognition of young people as critical drivers of job creation, innovation, and inclusive economic growth across global food systems.
The session opened with the election of Nigeria’s Minister of Agriculture and Food Security, Senator Abubakar Kyari, as Chairperson of the IFAD Governing Council.
Having previously served as Vice Chair, his emergence as Chairperson reflects the strong confidence reposed in Nigeria by Member States, recognising the country’s constructive engagement and leadership in promoting global food security.
In his acceptance remarks, Senator Kyari expressed deep appreciation to Member States for the trust placed in him, pledging to serve with humility, diligence, and a strong commitment to improving the livelihoods of rural women and men across the world.
Addressing delegates during the session, the Chairperson emphasised that prioritising youth and women in agriculture is key to unlocking economic opportunities, accelerating innovation, and driving inclusive growth.
He noted that such investments would ultimately strengthen global food systems while helping to reduce hunger and poverty.
Senator Kyari also commended President Bola Ahmed Tinubu for placing food security at the centre of Nigeria’s national priorities.
He noted that Nigeria’s leadership role at IFAD aligns with the President’s directive to boost agricultural productivity, expand economic opportunities for youth and women, and build resilient food systems capable of withstanding climate and market shocks.
The Minister further praised the IFAD Nigeria Country Office, led by Country Director Ms Dede Ekoue, for translating global development commitments into measurable outcomes for rural communities.
He highlighted the office’s role in strengthening agricultural value chains, empowering youth and women, and improving resilience among smallholder farmers nationwide.
The Federal Government has been urged to balance consumer protection with farmers’ sustainability by ensuring timely food imports, input subsidies expansion and price stabilisation mechanisms to secure investments across the agricultural value chain.
An agriculture expert, Dr Fatai Afolabi, gave the advice at a forum organised by the Plantation Owners’ Forum of Nigeria (POFON), in collaboration with the Oil Palm and Other Oil Seeds Value Chain, themed ‘Current Government Food Strategy, the Concomitant Effects and Implications for Food Security in Nigeria’, and held in Lagos, Wednesday.
Afolabi cautioned that the recent food import policies, while easing consumer prices, could undermine local farmers and long-term food security if not carefully managed.
He noted that Nigeria’s food system was navigating an exceptionally difficult period, marked by inflationary pressures, climate variability, insecurity in major food-producing regions, and rising energy and logistics costs.
He said the Federal Government’s decision to temporarily relax restrictions on selected food imports was understandable, noting that the market had responded swiftly with a reduction in prices of major staples.
However, the convener observed that while the policy had brought much-needed relief to consumers, it posed significant challenges for local farmers and agriculture value chain investors.
“While output prices have fallen, the cost of producing food in Nigeria remains stubbornly high.
“Farmers continue to contend with expensive fertilisers, rising transport costs, costly improved seeds and agrochemicals, limited access to affordable credit, poor electricity supply, weak road infrastructure, and inadequate storage and processing facilities, which result in significant post-harvest losses.
“This situation, where farmers sell produce at declining prices while production costs remain elevated, has created widespread distress across agricultural ecosystems,” he said.
Afolabi said the effects were being felt across all segments of agriculture, with rice farmers among the hardest hit.
He said reports from producing states indicated that about 3,500 rice farmers were considering exiting rice cultivation after incurring estimated losses of over N93 billion.
He added that cassava farmers were selling produce at prices that barely covered harvesting costs, leaving them unable to recover their investments.
According to him, vegetable and edible oil producers are also under pressure as imported vegetable oil brands reduce demand for locally processed alternatives.
He added that cocoa farmers continue to battle price volatility in international markets amid rising domestic labour and maintenance costs.
Afolabi noted that tree crops such as oil palm and cocoa, which require long gestation periods, were particularly vulnerable to sudden market disruptions that undermine investor confidence and discourage new investment.
He said the effects extended downstream to agro-processing and value addition, with soybean farmers supplying vegetable oil processors experiencing reduced demand and lower prices.
He said the development threatened not only farm incomes but also rural employment and agro-industrial growth, raising concerns about national food security.
According to him, sustained losses could force farmers out of production, increasing Nigeria’s dependence on food imports and exposing the country to global supply shocks, foreign exchange pressures and long-term vulnerabilities.
Afolabi cited India and the Netherlands as countries offering useful lessons in balancing consumer protection with farmer sustainability.
He said India deploys food imports strategically during shortages, while complementing them with strong domestic support systems.
He added that the Netherlands, despite being one of the world’s leading agricultural exporters, supports farmers through input subsidies, tax incentives, affordable energy, strong cooperatives, and close integration with research and extension services.
He said agricultural students in both countries also benefit from subsidised tuition, transportation and meals, as well as grants and start-up support for farm enterprises.
“This approach ensures generational continuity and innovation in the agricultural sector,” he said.
Afolabi said Nigeria’s current food import policy could play a stabilising role if complemented by deliberate measures to protect local producers.
He recommended carefully timed imports to avoid peak harvest periods, strengthened price stabilisation mechanisms, aggressive subsidies for critical farm inputs, and support for agro-processors to remain competitive.
He also called for clear communication of policy intentions to reassure farmers that import measures were strategic and temporary.
“Food imports should function as a strategic shock absorber rather than a permanent market feature.
“Government should develop and publish a national crop production and harvest calendar for major staples and align import decisions with documented supply gaps.
“Affordable food and profitable farming are not mutually exclusive goals. With thoughtful coordination and sustained support for farmers, Nigeria can achieve both,” he said.
-
Politics22 hours agoAPC Releases Adjusted Timetable For Nationwide Congresses, Convention
-
Sports5 days agoArsenal Women End Man City’s Invincibility
-
Sports5 days agoU-20 WWC: Falconets claim qualifier win
-
Sports5 days agoInsurance Deepen Enyimba’s Trouble
-
Sports5 days agoYouth Olympics preparation Gears up
-
Sports5 days agoCologne Youth Team Set Crowd Record
-
Sports5 days agoTornadoes Set For NPFL exit over Stadium Ban
-
Sports5 days agoBarca Pull Out Of Super League Project