“The first quarter of the year was very slow; there was a low volume of goods that were coming into the port. was caused by the elections, the naira policy and the uncertainty in the economy. By my estimation, the volume of imports has dropped by 25 percent,” said Tony Anakebe, a Lagos-based maritime expert.He said there is a lull in business activities at the ports currently because the economic situation in the country is also affecting port business.
Odogwo said there were even items that he had been able to buy since October 2022, which he will be bringing into the country after the inauguration of the new government. On her part, Sandra Omo, a Customs-licensed agent, told BusinessDay that she has not been to the port for weeks now due to a lack of clearing jobs to do.
“The number of ships bringing vehicles and containers to the port has reduced drastically in recent times due to the economic situation, port business is also being affected by the high tariff being paid at the port on imported containerised consignments and vehicles,” she said.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lawmakers Fault Nigeria’s Ease Of Doing Business RecordNigerian lawmakers at the ECOWAS Parliament have faulted the nation’s records of Ease of Doing Business (EoDB) and attributed the poor economic state of the
Read more »