Improving Port Efficiency For Industry Growth

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Ports form a vital link in the overall trading chain and a key factor for a nation to achieve internationally competitive advantage and economic Improving port efficiency is important to Nigeria’s economic survival,

Ajayi-Kadir noted that the poor state of Tin Can and Apapa Ports’ facilities in Lagos State and the menace of traffic gridlock in that axis constitute major impediments to manufacturing activities and trade facilitation and remained enormous cost in time and money for import and export.He urged government to take immediate steps to remove this menace and suggested that representatives of the OPSN be included in the constitution of the members of the Taskforce on the Lagos Ports.

The CEO of the Centre for the Promotion of Private Enterprises , Dr. Muda Yusuf, stated recently that there is an urgent need to ease the cargo clearing processes at the country’s ports, which, he identified, as a major component of ease of doing business that President Muhammadu Buhari’s administration has expressed commitment.

“It is a sad commentary that the largest economy in Africa has been examining cargo and containers physically and manually for the past few years. The effect of this on the cost of import has been humongous. The interest payment on the import, demurrage charges arising from delays, the extra charges by shipping companies, the additional charges by the truck drivers, all of these have put a lot of burden on investors and citizens.

 

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