— flags-off Ikorodu export processing terminal
In its resolve to boost exports trade in the country and engender seamless processing of export products, the Nigerian Ports Authority (NPA) on Friday 11th March, 2022, flagged off the first non-oil export processing terminal, situated in Ibeshe-Ikorodu, Lagos State.
The event was coming ahead of the official launch of the ten (10) certified Export Processing Terminals, spread across Lagos and Ogun States.
In a statement issued by Ibrahim Nasiru, General Manager, Corporate and Strategic Communications of the agency, Mohammad Bello-Koko, the Managing Director of the NPA, was speaking at the Ibeshe-Ikorodu facility, designated as EssLibra Terminal.
He implored all agencies involved in the export processing value chain to deploy adequate personnel and work in synergy, to ensure efficiency and quick turnaround in the processing of export cargoes.
Whilst commending the management of EssLibra for the quality of facilities at the terminal, he assured them of the readiness of NPA to remove all impediments against the seamless handling of locally manufactured exports and agro-allied commodities.
Bello Koko charged the management of the terminal to resist the temptation to veer off export processing for which the facility was built, as the rationale is to have a one-stop shop where all inspection, consolidation and stuffing of export-bound cargo will be conducted in a synchronized manner in order to eliminate all the delays that hitherto rendered Nigeria’s non-oil exports uncompetitive.
Speaking further, Bello Koko said the NPA management under his watch would effectively implement all government policies geared towards the promotion of exports, as well as strengthening indigenous capacity through the promotion of local content.
“We took cognizance of local content in the certification process of this terminal, and this is why I expect the host community to take ownership of this terminal and support its operations, in view of the multiplier benefits to the host community”, he said.
Whilst conducting the NPA management team on a tour of the terminal, the Managing Director of EssLibra Nigeria Limited, Mr. Yemi Adunola, thanked the Authority and its technical partners, the Nigerian Export Promotion Council (NEPC), for their unalloyed support.
He pledged his company’s readiness to render efficient services and a commitment to continuous improvement through sustained investments in human capital and requisite technology.
The EssLibra Terminal is an integrated logistics off-dock terminal, ready for all export activities such as stuffing, on-site customs clearance and barging services.
The terminal covers an area of 120,000sqm that includes an Export Processing Zone, Trailer Park, RoRo facility and Fuel Dump.
The operator is offering over 100 dedicated trucks, 7 barges, 2 cranes and 8 container handlers, among other on-demand cargo equipment.
Buhari, Jonathan, Obasanjo, Babangida, Abdusalami, Osinbajo, Atiku, others to spend N13.8billon from N27.5 trillion 2024 budget
The Eyewitness Reporter
The Federal government has earmarked the sum of N13.8 billion in the 2024 budget as the cost of upkeep of
former presidents, vice presidents, heads of state, Chiefs of General Staff, retired heads of service, permanent secretaries, and retired heads of government agencies and parastatals.
The beneficiaries include former Presidents Olusegun Obasanjo, Goodluck Jonathan and Muhammadu Buhari, ex-vice-presidents Atiku Abubakar, Namadi Sambo and Prof Yemi Osinbajo.
Also expected to benefit from the windfall are ex-military Heads of State, General Yakubu Gowon and General Abdusalami Abubakar, as well as a former dictator and self-styled military President, General Ibrahim Babangida, and a former Chief of General Staff, Commodore Ebitu Ukiwe (retd.).
Also, N1tn was provisioned for the public service wage adjustment for government Ministries, Departments and Agencies (including arrears of promotion and salary increases, and payment of severance benefits and minimum wage-related adjustments).
A breakdown shows that the entitlements of former presidents/heads of state and vice presidents/chief of general staff will cost N2.3bn. At the same time, N10.5bn is proposed as benefits for retired heads of service, permanent secretaries and professors.
The payment of severance benefits to retired heads of government agencies and parastatals is proposed to cost N1bn.
Other allocations include N65bn for the Presidential Amnesty Programme for the reintegration of transformed ex-militants; N1bn for the Office of the Presidential Adviser on Energy; and N108bn for unnamed special projects.
The government is also proposing the sum of N40bn to offset electricity debts owed to power distribution companies by all MDAs.
President Bola Tinubu unveiled the N27.5 trillion budget estimates for the 2024 fiscal year.
The budget was presented to a joint session of the National Assembly on Wednesday, where it is currently undergoing scrutiny and deliberation for final approval.
In his presentation, he declared, “The 2024 Appropriation has been themed the Budget of Renewed Hope.
The proposed budget seeks to achieve job-rich economic growth, macro-economic stability, a better investment environment, enhanced human capital development, as well as poverty reduction and greater access to social security.
News Alert: Wale Adeniyi revives CG conference, holds 2023 edition December 13-15 in Lagos.
Ukraine blocks Russia’s reelection bid at IMO council elections
The outcome is another blow for Russia after it failed in its bid to return to the UN’s top human rights body in October, in an election seen as a key test of Western efforts to keep Moscow isolated.
Last year, Moscow also failed to win enough votes for re-election to the UN aviation agency’s governing council.
The London-based International Maritime Organization (IMO) is responsible for regulating the safety and security of international shipping and preventing pollution and comprises 175 member state countries.
Russia has been a member since 1958 and has been consistently re-elected to the IMO Council.
With voting on Friday, 40 countries were elected by secret ballot to the IMO Council, which supervises the work of the body.
In October, Russia said the IMO was departing from its impartial role due to “external pressure” which it said was impacting the fair treatment of all member countries.
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