February 19, 2018


BlackBerry putting itself up for sale -

Wednesday, August 14, 2013

FERMA: A convergence of intent, engagement & perception -

Sunday, August 11, 2013

Nigeria Hits CNN’s List of World’s 12 sexiest accents…. -

Wednesday, August 7, 2013

N452t infrastructure funds from capital market coming -

Tuesday, August 6, 2013

Getting the right staff for your business -

Tuesday, August 6, 2013

Nigeria, others to re-evaluate Trans-Saharan gas project -

Monday, August 5, 2013

How Nigerians use social media -

Friday, August 2, 2013

NSIA to manage N3.4tr pension funds -

Friday, August 2, 2013


Friday, August 2, 2013

Nigerian Troops Return from Mali, Storm Borno -

Thursday, August 1, 2013

Our role in the $1.09b Malabu Oil mess, by Shell -

Wednesday, July 31, 2013

FG Can’t License Hotels, Hospitality Operators, Says Fashola -

Tuesday, July 30, 2013

Why FG Must Urgently Invest in Efficient Rail System -

Monday, July 29, 2013

Lagos community begins energy generation from waste -

Monday, July 29, 2013

FG to privatise BoI, BoA in 2014 -

Monday, July 29, 2013

Cassava takes pride place in Nigeria’s agro-economy -

Monday, July 29, 2013

Future of Africa in food production depends on training, emerging technologies —Kabba college provost -

Friday, July 26, 2013

Will this fresh initiative against cyber crime work? -

Friday, July 26, 2013

Investors prefer Southwest, says LCCI -

Friday, July 26, 2013

Fed Govt stops project variation beyond 15% of initial cost -

Thursday, July 25, 2013

High cost of business remains an issue in Nigeria’s Maritime Industry

The sector performed averagely well in the last six months, based on the laudable efforts of the Federal Government and the Nigerian Ports Authority (NPA), in dredging the Lagos channel to about 14-metre draught that allows the ports to accommodate bigger vessels.

But the N1 trillion bench mark given to the Nigerian Customs Service (NSC), the multiple levies by the agencies at ports and the fuel price increase announced in early January by the Federal Government, have contributed significantly to the high cost of doing business at the ports as truck drivers and terminal operators rely on diesel and petrol to power their vehicles and equipment.

Charges, such as service, bank, concessionaires’ services, tally clerk, commission on turnover, port administrative charges among others, are too numerous for importers and  they impeded business in the last six months.

Survey and dredging: In most of the terminals at the Lagos ports, NPA is maintaining appropriate navigable drafts. The problem of drafts for bigger vessels carrying over 4, 500 is no longer a challenge.

Dredging is carried out by  the Lagos Channel Management Limited for the NPA.

NPA is assisting the terminal operators to maintain designed drafts by assessing dredging requirements.

Also, the challenge of pilotage has been reduced to the barest minimum. Pilotage services are  promptly provided. Although the minimum time for providing pilotage varies from terminal to terminal, the unnecessary delay has been removed by the NPA..

Lack of commercial regulator: Operators in the industry are not happy over the refusal of the Federal Government to appoint a commercial regulator for the industry. But  they expressed happiness with the performance of the  the Nigerian Ports Authority (NPA) in the period under review.

There is need for the Federal Government to create commercial regulators that would curb arbitrary charges and see to the rapid growth of the industry.

There is need for collaboration between security agencies at the port as their activities fell below expectation in the last six months. Operators have called for co-operation to boost  trade


IMAGES: www.ontvsite.com/ www.anconmaritime.com



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