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Maritime Contributing N7trn Yearly To Economy – Shipper’s Council
Maritime Contributing N7trn Yearly To Economy – Shipper’s Council
The maritime transportation industry is contributing about N7tn to the national economy annually, the Nigerian Shippers’ Council has said.
According to the council, the sector, however, must be supported by the Central Bank of Nigeria to enable it to deliver more to the country economically.
The Executive Secretary, NSC, Hassan Bello, who disclosed this to journalists in Abuja on Tuesday, also said the Federal Ministry of Transportation was working to connect the new Lekki port in Lagos by rail.
He said, “I want to use this opportunity to appeal to the CBN to look towards our direction. It is intervening in the aviation, agriculture, movie or entertainment industries, and so on.
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“Here is an industry that will give oil a run for its money if properly managed. We are talking about a N7tn per annum industry; that is the maritime transportation industry.
“So I want the CBN to look no further. The logistics chain must be supported and we have to export.”
The shippers’ council boss stated that 80 per cent of the receipts by the Nigerian Customs Service were derived from the maritime industry.
Bello said the council was working towards operating 24 hours at Nigerian ports, adding that the evacuation of cargo by rail from the ports in Lagos had cut down the cost of transporting containers.
He said the process to fully digitalise Nigerian ports had begun and that this would boost efficiency at the facilities.
The NSC boss said, “The port itself must be digitalised because we realise that the physical presence of people is slowing port operations. We need to have paperless ports.
“And we have terminals in Nigeria that are almost 80 per cent digitalised. So that is our focus now.”
He added that the various layers and agencies at the ports were being integrated into one system to support the emergence of fully digitalised ports in Nigeria.
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Kogi state governor, Yahaya Bello, has approved the implementation of N30,000 as minimum wage for the workers in the state.
The secretary to the state government, Folashade Ayoade disclosed this on Tuesday after an extensive meeting with the organized labour in Lokoja
She blamed the delay in the implementation on the inability for the committee to meet regularly due to the covid-19 pandemic which has been overcome.
The SSG equally commended the organised labour for their understanding and patience, which she said has resulted into the signing of the implementation of the new minimum wage.
Read Also: FCTA Set to Implement Minimum Wage for FCT Workers
Author: Eunice Johnson, Abuja
The Central Bank of Nigeria (CBN) has put Deposit Money Banks (DMBs) on notice that it will stop selling forex to them by the end of 2022. CBN Governor Godwin Emefiele made this known in Abuja on Thursday at the end of the Bankers’ Committee Meeting where he also introduced the RT200 Programme.
Emefiele said the time had come for the banks to go out there and source for forex by funding entrepreneurs with ideas. The CBN, Emefiele said, will support the banks by granting rebates and other support until the banks find their feet in sourcing their forex by themselves.
He also disclosed that the apex bank’s policies and measures have led to a significant improvement in diaspora inflow from an average of US$6 million per week in December 2020 to an average of over US$100 million per week by January 2022. He added that the CBN would be reviewing these intervention programmes going forward to ensure that they continue to achieve the desired results.
He said international bodies, including some embassies and donor agencies, have been complicit in illegal forex transactions that have hindered the flow of foreign exchange into the country.
Read Also: CBN Encourages Nigerians to Accept E-Naira
Author: Gift Wada, Abuja
The Comptroller General of Customs Col. Hameed Ibrahim Ali (Rtd.) has approved the deployment of 37 Comptrollers to various Units, Departments and Commands across the country.
This was disclosed in a release signed on Tuesday by the Customs Deputy National, DC Timi Bomodi for the Comptroller General of Customs.
Among those deployed are the present National PRO of Customs Comptroller Joseph Attah who will assume the office of Area Controller of Kebbi Command, Comptroller AAS Oloyede who shall be moving from ICT/MOD to Tin Can Island Port Command, while Comptroller SI Bomoi to FCT Command. Other postings are Comptroller BA Jaiyeoba to Oyo/Osun Command, Comptroller A Dappa-Williams to Eastern Marine Command, Compt. MA Umar Kano/Jigawa, Compt. KC Egwuh ICT/MOD, Compt. LM Mark Enugu/Anambra/Ebonyi, Compt. T Tachio CTC Kano, Compt. AA Umar Western Marine, Compt. M Dansakwa North Eastern Marine, Compt. AC Ayalogu T & T and Compt. KD Ilesanmi will assume duty as Comptroller Board among others.
Ali in postings released on 7th of February, charged the newly posted Comptrollers to justify the confidence reposed in them by NCS Management by bringing to bear their years of experience and training in trade facilitation and anti-smuggling activities on their new assignment.
Given the enormous expectations of government regarding revenue generation in the current year, the Comptroller General reiterated the need for all Area Controllers and Unit heads to take full charge of the affairs of their Commands by ensuring absolute compliance with extant fiscal policies while leveraging on the efficient management of data to optimize trade facilitation and revenue collection.
Furthermore, the CGC directed all officers to be extremely vigilant in protecting the lives and wellbeing of Nigerians by ensuring the full fortification of our borders against the incursion of smugglers and other cross border criminals.
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