Headlines
CBN accuses NPA, Customs of creating bottlenecks for non-oil exports at ports

“We are just lucky to have Nigeria Ports, and Customs here.
“We have heard of people who want to export goods out of Nigeria queuing for months before their goods can go out.
“It is sad that because of the problem of trying to find an easy route for goods to be exported out of the country, Nigerian exporters now prefer to transport by road.
“I even hear some of them transport from Lagos to Accra or Benin Republic, then export goods from there. Doing this, we lose the opportunity of those export proceeds.”
However, Babajide Sanwo-Olu, Lagos state governor, reiterated the call for economic diversification in Nigeria.
He urged the country to shift from overdependence on oil and gas to agricultural produce, solid minerals, chemical products, furniture and clothing as well as tourism, among others.
“We can do a lot to strengthen the naira and our external reserves by focusing on our non-oil exports.
“The RT200 FX Scheme seeks to generate as much as US$200 Billion in FX earnings, specifically from non-oil sources, over the next few years.”
Headlines
Aftermath of Adeyanju’s exit, crisis resurfaces in MWUN

Headlines
NIMASA embarks on digital revolution to plug revenue leakages, enhance optimum operations

— spurns smear campaign against the process
“To set the records straight, following a comprehensive internal review of operational systems, the current leadership of NIMASA resolved to embrace technology as a means of enhancing the Agency’s capacity to deliver on its regulatory mandate more effectively and to bring into the coffers of government additional revenue ensure funds due government does not end up in private hands.
“A pivotal innovation in this regard is the Maritime Enhanced Monitoring System (MEMS).
“The additional recipients targeted are, waste reception services, a routine operation for both domestic and international vessels have traditionally lacked proper tracking, resulting in unmonitored activities and significant revenue losses.
“Marine pollution control, another critical area of NIMASA’s mandate, has similarly been constrained by limited digital tools. In the absence of satellite tracking and automated reporting, pollution events often go unnoticed or are reported too late to mitigate their impact.
“It is important to emphasize that past revenue shortfalls experienced by the Agency mainly stemmed from outdated manual processes, fragmented data systems, and insufficient digital enforcement mechanisms which allowed some external elements to capitalize on the loopholes for personal gains .
“The current reforms being implemented by NIMASA are focused squarely on overcoming these limitations.
“The public is therefore advised to disregard the misleading reports and instead support NIMASA’s transformation journey as it aligns with the broader national objectives of the Ministry of Marine and Blue Economy under the Renewed Hope Agenda of President Bola Ahmed Tinubu
“The Agency remains committed to strengthening Nigeria’s maritime governance, ensuring environmental safety, and optimizing revenue for the nation.
“It is worthy of note that the Deep Blue Project of the Agency which now enjoys global recognition also witnessed such resistance at the initial stage” the agency noted.
Headlines
Oyetola expresses determination to stop granting waiver requests under Cabotage regime

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Customs buckles as it suspends implementation of 4 per cent FOB charge
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Court orders final forfeiture of Emefiele’s properties, N830m, $4.7m