How lack of containers’ holding bays cripples port business

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The unavailability of holding bays for empty containers has crippled port business in Nigeria, ANOZIE EGOLE writes

ANOZIE EGOLEWhen the Nigerian Ports Authority granted port concessions in 2006, the idea was to boost efficiency, bring sanity to the ports, and generate more revenue for the government. But 16 years down the line, the purpose of that move seems defeated. The inefficiency of the concessionaires has led to the unavailability of holding bays for empty containers.

In Nigeria today, the greater percentage of international trade is routed through the sea, and given Nigeria’s huge population, it is believed that the economy controls over 70 per cent of all seaborne trade in the West African sub-region. Hence, the country’s ports are increasingly challenged to meet the pressure mounted by the movement of ships and cargo in and out of the ports.

Many experts, including foreigners, lauded the move by the Obasanjo-led federal administration as so many predicted efficiency of port services, having in mind that the nation was tagged the West Africa’s maritime hub. The Chairman of the Association of Maritime Truck Owners, Remy Ogungbemi, in a chat with our correspondent, said, “We have been speaking with them about that and there have been some adjustments, though the problems are still there. All I know is that we are trying to see how they can stop using our trucks as holding bays for their empty containers but I believe there is hope because Rome was not built in a day.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WhatsApp to help business owners grow WhatsAppreneurs | The Guardian Nigeria News - Nigeria and World NewsMETA-owned platform, WhatsApp has expressed readiness to help business owners in Nigeria and other parts of Africa expand their businesses.
Source: GuardianNigeria - 🏆 1. / 94 Read more »