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Shippers’ Council Recovers N31.1bn

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The Nigerian Shippers’ Council (NSC) has saved the Federal Government N31.1 billion through the Electronic Regulatory Port Portal (ERPP) between January and June 2024.
The Executive Secretary/Chief Executive Officer of NSC, Mr Pius Akutah, made this known during a courtesy visit by the Managing Director of the News Agency of Nigeria (NAN), Malam Ali M. Ali to the Council’s Headquarters in Lagos on Friday.
According to Akutah, the council has saved the economy a lot of money that would otherwise have been repatriated.
ERPP is an activity the NSC carries out for the Central Bank of Nigeria (CBN) to confirm the reasonableness of Charter Party fees
The executive secretary said that the council conducted a quality assurance test between January and June 2024 to confirm the demurrage applications, which he said had yielded significant results.
Akutah said the test revealed that out of total requests of N50.8 billion, N19.6 billion requests were validated as reasonable for payment.
“Consequently, the council achieved a substantial saving of N31.1 billion over the six-month period.
“Notably, this represents a remarkable 400 per cent improvement in savings compared to the preceding year from January to December 2023 where the total savings amounted to N6.7 billion.
“This substantial enhancement is attributed to the innovative automation solutions developed by the Council to streamline the confirmation process,” Akutah said.
He said that the ERPP had demonstrated a significant impact on operational efficiency and cost optimisation.
The NSC boss said that ERPP applications were expected to save approximately 80 per cent of outflows from the Nigerian economy as well as block leakages, over-invoicing and minimise capital flight.
He said that by leveraging technology, the NSC aimed at enhancing transparency, efficiency and accountability in the port sector, ultimately contributing to the growth and development of the Nigerian economy.
Akutah said that NSC developed the innovative digital platform, the Electronic Regulatory Process Portal, to enhance its regulatory functions and promote port efficiency.
He said that the platform served as a channel of accessibility to all council’s regulatory functions in the pursuit of port efficiency.
“The ERPP provides platform for submission, centralisation and e-monitoring of operational KPI of all regulated service providers in Nigeria for the purpose of planning and research.
“Other provisions by the platform are the annual tariff filing by the stakeholders in the port sector; Voyage Management System; Airfreight Cargo Throughput Data Submission by ground handlers.
“Submission of requests for review of tariffs, rates and charges by the Regulated Service Providers. ERPP platform also provides gateway authentication to other council’s applications like CRD portal for confirmation of reasonableness of demurrage, freight rates and charter party payments,” Akutah said.
“NSC undertakes the implementation of Central Bank of Nigeria (CBN) assignment in line with the revised Foreign Exchange (FOREX) manual of 2018, Memorandum 13, Article 3.3 which stipulates “confirmation of reasonableness” by NSC as a pre-condition for granting approval for requests for foreign exchange for the payment of freight rates, charter party fees and demurrage remittance,” the executive secretary said.
He said the council had developed a web-based multi-functional application to eliminate the work of calculating and confirming the summary sheet of demurrage charges, freight rate and charter party fees submitted by shipping companies, shippers and vessel charterers via their banks.
Akutah said that all requests were submitted, processed and approved on-line.
He commended NAN for providing news contents within and outside the country
Akutah pledged to collaborate with NAN for more awareness and stressed the need for stakeholders to patronise the Inland Dry Ports to reduce costs of doing business in Nigeria.
“We completely align with you when you say that no one knows Nigeria like NAN
“We know the quality of news and programmes that NAN has.
“We believe that a partnership with NAN will further promote our activities,’’ he said.
Speaking earlier, Ali said that NAN was delighted with the Memorandum of Understanding (MoU) signed on Friday between the Council and the Maritime Workers Union of Nigeria (MWUN).
Ali said that the operations of the Inland Dry Ports (IDPs) in Kano and Kaduna were testimonies of what Akutah had achieved in less than one year of his coming into office.
“We in NAN want to partner with NSC because No One Knows Nigeria Like NAN.
“We have offices all over the 36 states, the districts, foreign countries and there are plans to open some foreign offices soon.
“In terms of visibility, we will ensure that Shippers’ Council is unbeatable. You talk to NAN, You talk to all,” the NAN managing director said.
He said that the agency’s Unique Selling Point was to report fairly, objectively and respect the objectivity of the profession.
Ali thanked the NSC management for profusely accepting to receive the NAN management.
The NAN boss stressed the need for the NSC to patronise the NAN Bulk SMS, Photo archives and PR wire service.

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Independence Anniversary:  Nigeria Is A Failed Grandfather – Monarch 

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A first class traditional ruler in Rivers State, His Royal Majesty, King Aaron Ikuru, has described Nigeria at 65 as a grandfather who cannot provide leadership to other African Countries.

The monarch  stated this in an interview at his palace in Ikuru Town, yesterday.

According to him, Nigeria would have been a  developed country to set the pace in the whole of Africa, considering its numerous resources.

“Nigeria is a grandfather but not behaving as a grandfather. Our country, Nigeria, before and from the era of Independence was in the state of becoming a great country, but unfortunately is not becoming anything.

“We should be far ahead with what we have in the country. God blessed us, we have almost what it takes in terms of mineral resources, manpower amongst others that can drive speedy development in the country.

“If we’re able to harness all the things we have, even America by now would have respected us”, he  said.

While blaming the past leaders of the country, the monarch called on the current leadership of the country to redouble efforts in order to narrow the differences in terms of development, exchange rate between naira and foreign currencies.

King Ikuru, who is also the Chairman of Andoni Area Traditional Rulers Council, however, lauded the efforts of the founding fathers, past leaders of the country for the achievements so  far.

He also expressed optimism that Nigeria would be great, calling on the opinion leaders to shun tribalism and political intolerance in the country.

 

“If Nigeria should experience rapid development in all sectors, it means we must shun tribalism and political intolerance, the interest of our country must be our priority.

“We need to fight corruption vigorously, and leaders must show good example of discipline and integrity”, he said.

The monarch used the opportunity to wish Nigeria happy independence anniversary.

By: Enoch Epelle 

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FG begins payment of N32,000 pension increment to retirees – PTAD

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The Pension Transitional Arrangement Directorate has announced the start of implementation of the new pension increments for pensioners under the Defined Benefit Scheme, saying the adjustments will be reflected in the September 2025 payroll cycle.

In a statement signed by Management and posted on its X handle, PTAD said the increase package includes a fixed N32,000 payment alongside percentage increases of 10.66% and 12.95% for eligible categories, which will benefit about 832,000 pensioners under its management.

Recall that PTAD in August announced President Bola Tinubu approved a series of measures, including new welfare benefits for pensioners under DBS.

The approval follows a formal request by PTAD’s Executive Secretary, Tolulope Odunaiya, seeking an emergency budgetary allocation to implement pension reforms and welfare benefits for the scheme’s retirees.

The measures include a N32,000 pension increment, percentage increases for pensioners of defunct and privatised agencies, pension harmonisation for all DBS pensioners, enrolment into the National Health Insurance Scheme, and the settlement of long-standing unfunded pension liabilities.

In a statement yesterday, PTAD said the partial release of N820.188 billion by the Federal Ministry of Finance from the emergency funding has made it possible for pensioners to begin receiving the enhanced payments immediately.

The statement read, “Further to the President’s approval of the emergency budgetary allocation for the payment of the new pension increment rates for Pensioners under the Defined Benefit Pension Scheme (DBS) that was earlier published by the Pension Transitional Arrangement Directorate on Friday, 8th August, 2025, the Directorate is delighted to announce the commencement of the implementation of the 832,000, 10.66% and 12.95% pension increment for eligible pensioners under the management of PTAD, in the September 2025 pension payroll cycle.

“This achievement has been made possible through the partial release of 820.188 billion by the Federal Ministry of Finance, from the initial 845 billion emergency funding approval granted by the Federal Government.

“This milestone clearly reaffirms the Federal Government’s dedication to safeguarding the welfare and entitlements of DBS Pensioners in line with the Renewed Hope Agenda.”

The directorate thanked President Bola Ahmed Tinubu for approving the emergency allocation.

It also acknowledged the role of the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun; the Minister of State for Finance, Dr Doris Uzoka-Anite; the Accountant-General of the Federation and key presidential aides and parliamentary committees for their “timely interventions” and support.

The statement also expressed appreciation to organised pension groups, including the Nigeria Union of Pensioners and the Federal Parastatals and Private Sector Pensioners Association of Nigeria, for their cooperation during negotiations and implementation planning.

“We further assure all our DBS Pensioners and Stakeholders that the Directorate will continue to collaborate with the relevant authorities towards release of the outstanding approved funds and subsequent fulfilment of all future obligations relating to the pension increments and the landmark reforms,” the statement added.

The DBS covers pensioners who retired before the introduction of the Contributory Pension Scheme in 2004, including those from defunct public institutions, privatised agencies, and treasury-funded parastatals.

Over the years, many have faced irregular payments, delayed harmonisation, and inadequate healthcare access, challenges that the new reforms are expected to address.

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Nigeria At 65: NOA urges citizens to foster unity, progress

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The National Orientation Agency (NOA) has urged Nigeria. citizens to remain united, peaceful to enhance development of the  nation  as it celebrates 65th independence anniversary.

Mr Mkpoutom Mkpoutom, Director of NOA in Akwa Ibom,  gave the charge in Uyo yesterday while addressing newsmen and stakeholders to mark the anniversary.

Mkpoutom said it was essential to recognise that the strength of Nigeria lay  in its diversity

“With over 250 ethnic groups and an array of languages, the nation embodies a unique blend of heritage.

“This diversity should be seen not as a dividing line but as a unifying force that propels the country toward progress.

“As Akwa Ibom embarks on another year,  it is crucial for all citizens to foster a sense of unity and shared purpose.

“Embrace dialogue, understanding and collaborate with the Renewed Hope Agenda of President Bola Tinubu in its efforts to addressing pressing challenges like poverty, security, education, and healthcare, thereby paving  way for a brighter future for all.”

The state director, however, appealed to Nigerians from all walks of life to renew their commitment to a more prosperous, peaceful, and equitable nation.

“Let this anniversary serve as a reminder of the collective strength that lies in every citizen,” he said.

He urged everyone to contribute positively to the development of a better society.

Mkpoutom urged the people and all citizens to honour the labours of heroes past, as they celebrated the present, while working diligently toward a future filled with hope and opportunities for generations to come.

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