Headlines
Nigerians spend N1.632 trillion on Tokunbo vehicle imports in 2020

Despite the Coronavirus challenges, no fewer than 1.03million used vehicles valued at $3.4billion ( N1.632trillion) were imported into the country in 2020.
Data by the International Trade Administration (ITA) explained that the United States exported more than 500,000 units into the country in the period under review.
It was learnt that automobile importers have shifted importation of used vehicles from Europe to America and India since 2017.
It was gathered that United States vehicle specifications are more in line with the demand and taste of Nigerian consumers which is not always met by entry-level models from Europe.
Meanwhile, data from the Nigerian Ports Authority (NPA)’s shipping position revealed that a total of 2,900 units of used vehicles would be off-loaded at the Port and Terminal Multi-services Limited (PTML), Tin Can Island Port.
They were ferried by eight vessels with Grande Cameroon leading with 450units; Grande Lagos, 300units; Grand Mercury, 250units; Grande Congo, 350 units; Grande Costa D”avorio, 350units; Gral. Sal Martin, 400 units; Grande Sierra Leone, 400units and Grande Luanda, 400units,
However, 2,200 units were offloaded in February 2021 by Grande Tema with 400 units; Grande Dakar, 400units; Grande Abidjan, 400units and Grande Senegal, 300 units, Grande Lagos, 400 units and Grande Argentina, 300units.
Others are Ford Edge 2007, N900,000; Ford Focus 2012, N1,400,000; Hyundai Elantra 2013 – 2016, N1,3million; Hyundai Sonata, N350,000; Kia Optima 2012,N1.2million; Kia Spectra, N500,000; Land Rover R/Sport 2006, N1.5million; Lexus RX 300, N420,000 and Mazda 3 SV, N2million.
Data by Deloitte revealed that the number of vehicles in the country has surge from1.34million in 2015 to 1.62million in 2019.
Until 2014, the market grew steady, hitting the 57.000 units record for new vehicles as the domestic market collapsed to 11.743 units in 2017 due to the deep economic crisis generated by poor domestic demand.
Customs
KLT Customs reaffirms commitment to stronger maritime stakeholder engagement

Gloria Odion, Maritime reporter
The Acting Customs Area Controller (CAC) of the Kirikiri Lighter Terminal (KLT) Area Command of the Nigeria Customs Service (NCS), Deputy Comptroller Bolaji Adigun, has reaffirmed the Command’s commitment to deepening engagement with stakeholders across the maritime industry in line with efforts to promote trade facilitation, transparency, and sustainable economic growth.
Adigun gave the assurance through the Deputy Comptroller in charge of Administration, Comptroller T.A. Jonah, who represented him during a courtesy visit by the newly elected Executive Committee of the Maritime Reporters Association of Nigeria (MARAN) to the Command in Lagos.
The Acting CAC, who was unavoidably absent, underscored the importance of sustained collaboration between the Nigeria Customs Service and key industry stakeholders, particularly the maritime media, in advancing the Service’s mandate and supporting national economic development.
He described the media as a critical partner in disseminating information on government policies, customs reforms, trade facilitation initiatives, revenue generation, and anti-smuggling operations.
According to him, maritime journalists occupy a strategic position in shaping public understanding and perception of activities within the port and maritime sector, stressing the need for professionalism, accuracy, and balanced reportage in the discharge of their duties.
Adigun further assured the MARAN delegation that the KLT Area Command would continue to operate an open-door policy while fostering cordial and productive relationships with stakeholders within the maritime community.
Earlier in his remarks, the President of MARAN, Mr. Oluyinka Onigbinde, stated that the visit formed part of the association’s ongoing stakeholder engagement initiative following the inauguration of its newly elected executive committee.
Onigbinde explained that the purpose of the visit was to formally introduce the new leadership of the association to the Command and strengthen the longstanding relationship between MARAN and the Nigeria Customs Service.
He commended the KLT Area Command for its contributions to trade facilitation, revenue generation, and enforcement activities, describing the Command as a vital component of Customs operations within Nigeria’s port system.
The MARAN President also reaffirmed the association’s commitment to professional, objective, and development-driven journalism, noting that maritime reporters play a significant role in promoting informed discourse on issues affecting the industry.
He further assured the Command of MARAN’s continued support for initiatives aimed at enhancing efficiency, transparency, and competitiveness within Nigeria’s maritime sector through responsible and factual reporting.
Headlines
One infant, three adults die, several others sustain injuries in fatal train derailment along Warri- Itakpe route

Commentaries
Why Nigeria must prioritize competency development and standards to harness gains of blue economy

Headlines2 months agoTinubu approves disbursement of CVFF by NIMASA
Aviation3 months agoFAAN resumes toll collection at Airports, adopts hybrid payment method
Headlines1 month agoJolapamo retrieves Ikoyi home, N473.347m from ex- wife, as court awards N5m damages against estranged wife
Aviation2 months agoFrom 6k to 50k: The economic insensitivity of arbitrary hike in parking rate at MM2
Headlines2 months agoNSW opens dedicated support centre in Apapa to assist port users
Headlines2 months agoNational Assembly spurns opposition against Tantita’s pipelines surveillance contract






