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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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Victory Over Insurgency Certain, Tinubu Assures

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President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.

The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.

He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.

Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.

“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.

“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.

The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.

Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.

He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.

“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”

The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.

The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.

Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.

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US Embassy, Lagos Consulate Close Today For President’s Day

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The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.

The mission made this known in a notice shared on its official X page, yesterday.

“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.

According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.

The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.

In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.

Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.

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Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role

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United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.

Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.

The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.

Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.

“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.

The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.

Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.

The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.

In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.

“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.

Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.

He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.

Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.

 

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