Headlines
Nwabunike calls for speedy completion of port access roads to enhance productivity.

Eyewitness reporter
He made the call in his goodwill message to Muslim faithful and members of the association on the occasion of this year’s celebration of Eid -Il-Fitri.
While saluting the selflessness, self-denial and commitment in praying for Nigeria, especially in the face of security challenges in the country, he enjoined the government to take a proactive decision even if it takes the contractors to work 24 hours on the road to make sure the job is completed in good time.
He said, “While the government is consciously trying to address the Apapa gridlock, I implore that a state of emergency is declared to expedite the ongoing road construction works.
“This could come in form of 24 hours work by construction workers, especially when the rains subside.
“Any stop-gap solution to Apapa traffic is bound to suffer a setback of either extortion or other forms of sabotage until the roads are fully constructed for seamless access to the ports either through Apapa Oshodi Expressway or Apapa Ijora axis.
“I also implore that the Port Harcourt to Eleme axis of the East-West road and the adjoining portion leading to Onne Port, where you have a beehive of maritime activities, be attended to in good time for the collective benefits of government and port users.
On the significance of the maritime industry as the fortune of oil dwindles globally, he stated that “As the second-highest revenue earner, Nigeria’s maritime industry is the nation’s economic low hanging fruits capable of cushioning the temporary effect of reduced oil revenue
“This year’s fasting and Eid- El -Fitri celebration is instructive, coming at a time the Nigerian National Petroleum Corporation (NNPC) had declared that it would deduct N112 billion from oil and gas proceeds for April to ensure a continuous supply of petroleum products to the country and guarantee energy security.
“Implications include not having oil revenue for the federal government to share with the states and local governments
“This situation is premised on the hike in crude oil prices on the deregulated downstream sector and the need for uninterrupted supply of petroleum products to citizens
On security, Nwabunike said that the national laxity in security called for increased security attention in the ports.
According to him, the Nigerian Maritime Administration and Safety Agency (NIMASA) is rising to the occasion with the planned deployment of deep blue assets later this month.
“It is anticipated that this move will go a long way in fighting piracy and other maritime crimes in the Gulf of Guinea and our country’s territorial waters.
“Safety of vessels, cargoes and crews on our waters have direct impacts on our overall economy since the maritime sector is critical for us in the areas of trade, investment, employment and recreation
“Further development of our maritime potentials will be a bold step towards economic diversification for job creation, addressing insecurity and positioning our ports for hub status in the West and Central African regions.”
Customs
Customs complies with ministry’s directive, seeks alternative funding of its services after suspension of 4 percent FOB levy

Customs
FG orders Customs to suspend collection of 4 percent FOB levy

by the Nigeria Customs Service on all imported goods.“Following extensive consultations with industry stakeholders. trade experts, and relevant government officiais, it has become clear that the implementation of the 4% FOB charge poses significant challenges to the Nigerian trade facil tation, environment and economic stability.
“Many importers and businesses have raised concerns about the increased financial burden this levy imposes, with potential adverse effects on inflation, trade competitiveness, and the overall business Climate in Nigeria.
“This suspension will provide an opportunity for comprehensive stakeholder engagement and & thorough review of the levy’s framework and its broader economic implications .
“The Ministry of Finance looks forward to working closely with the Service and all relevant parties to devise a more equitable and efficient revenue structure that susports both revenue generation and economic growth and stability.
“Ensure strict compliance. ‘,the memo concluded.
Customs
Comptroller Anani vows to enforce zero tolerance for smuggling as he takes the mantle of leadership at PTML

-
Headlines3 months ago
Oyetola predicts excess revenue from Blue Economy with 90 percent growth
-
Headlines3 months ago
Nigerian port hosts first ever LNG- powered container ship
-
Economy3 months ago
NNPCL raises alarm over syndicated attacks to distract leadership from ongoing reforms
-
Customs3 months ago
Abejide queries low funding of 2024 Customs budget
-
Headlines2 months ago
Opeifa eulogies LASTMA, describes its creation as phenomenal statement in public policy.
-
Customs3 months ago
Nigeria Customs in strategic alliance with Saudi Arabia for mutual enhancement of operational efficiency