Headlines

Nigerian government blames drop in IGR on abandoned cargo at Ports

Dr (Mrs) Magdalene Ajani

—- set up task team to dispose of overtime cargo

The eyewitness reporter

The Federal government has frowned at the mounting volume of abandoned cargo that now litter the nation’s seaport.

The government blamed the situation on the drop in the internally generated revenue (IGR) as fewer numbers of cargo come into the country due to lack of space, occupied mostly by these overtime cargos.

Making this disclosure in Abuja Thursday, the Permanent Secretary, Ministry of Transportation, Dr (Mrs) Magdalene Ajani, declared that this situation was unacceptable to the government.

She made this declaration while inaugurating a task team set up by the federal government to tackle the menace.

The team is comprised of the Nigerian Ports Authority,(NPA), Nigeria Customs Service (NCS), the Federal Ministry of Transportation and others.

They were mandated to address the lingering issues of overtime cargoes at the nation’s seaports and terminals while also proffering the best-case situation on how these cargoes can be cleared.

Dr Ajani, who is also the Chairperson of the composite team, said that the inability to clear overtime cargoes at the ports and terminals had affected the number of cargoes that can be handled due to the limitation of space.

Ajani observed that this has led to a drastic drop in the volume of cargo coming into the country.

She added that the reduction in cargo has ultimately affected Nigeria’s IGR.

The Permanent Secretary explained that the clearing of overtime cargoes should not be confined to the Ikorodu Lighter Terminal, Lagos Port Complex, and TinCan Island Port Complex but all other ports and Terminals within the country.

The Terms of Reference of the team, which has eight weeks to complete its assignment, include but are not limited to confirmation of the inventory of submission by the Nigerian Ports Authority on the actual number of overtime cargo in the ports and other locations;

To conduct a joint examination of all such cargo to determine contents suitable for use or consumption;

To provide a list separating goods for disposal by public auction and those to be deposed by condemnation/destruction;

To gazette all cargoes identified as overtime for disposal;

To determine the methodology for public auctioning at various ports/locations;

To determine the recoverability of part of the Terminal Operator’s revenue arising from long occupation of economic spaces and transfer charges;

To ensure that the process is in conformity with applicable customs practices and any other task that may arise in the cause of the assignment;

Responding on behalf of the team, Comptroller Adekunle Oloyede, the Area Controller of the Tin Can Customs, assured that the Task Team is a one-stop shop that will certainly unravel the overtime cargo challenge.

Customs

Group confers “continental” award on Adeniyi over customs’ phenomenal revenue record

Adeniyi, CGC

Funso OLOJO

The Comptroller General of the Nigeria Customs Service, C.G.C Adewale Bashir Adeniyi, has been nominated and approved to be honoured with “The Continent Man of The Year 2024” Award by Board of Editors and Publishers of Continent magazine.

This resolution was announced by the spokesman of the group, Mr David Oladimeji, at the end of group’s meeting held on Friday, September 13th, 2024 in Abuja.

The meeting was organized by” The Continent “Magazine to deliberate on a personality and organisation deserving of the Award.

The Board’s attention was drawn to the statement made recently by former governor of the Central Bank of Nigeria (C.B.N) and sitting Governor of Anambra state, Prof Chukwuma Soludo,who told his constituents in Awka that the Customs and F.I.R.S have sustained the nation’s economy from collapse since February this year, when the NNPCL stopped remittance of statutory revenue to the Federation Account for onward disbursements to the three tiers of governments.

Oladimeji said “the Board noted that this is not an easy task to be achieved under the astute and dedicated leadership of C.G.C Adeniyi, considering the fact that the Customs and it’s officers have been perceived by the public as corrupt and fraudulent”

” In a bid to commend and encourage leaders of the customs and F.I.R.S as well as their lieutenants not to rest on their oars, the Board resolved to honour the C.G.C, his Command Controllers and Revenue Collectors who had made significant sacrifices and excelled in their national anti-smuggling, revenue collection assignments with “The Continent Man of The Year” and “Pillars of Nigerian Economy 2024″ Awards”

As plans are geared towards the celebration of the international and national icons at a date to be announced soon, “The Continent” special edition will publish the profile and achievements of the deserving recipients that earned them recognition and honour.

Headlines

NIMASA secures support of Bank of Industry for enhanced capacity building in maritime industry

Funso OLOJO

The Nigerian Maritime Administration and Safety Agency (NIMASA) has broker a partnership with the Bank of Industry (BOI) to enhance its capacity building effort in the maritime industry.

The Director General of NIMASA, Dr. Dayo Mobereola, represented by the Executive Director of Maritime Labour and Cabotage Services, Mr. Jibril Abba, made this disclosure during a visit by the Management of the Bank of Industry, led by Executive Director of Large Enterprises, Mrs. Ifeoma Uz’Okpala.

He stated, “In addition to safety, security, and maritime labor, the Agency’s mandate encompasses capacity development aimed at growing the sector.”

He also reaffirmed the Agency’s commitment to collaboration as a vital tool for achieving its mandate.

“The aim is to actualize the vision of the Federal Government to reposition the maritime sector, especially with the creation of the Ministry of Marine and Blue Economy”, he said.

On her part, the Executive Director of Large Enterprises at BOI, Mrs. Uz’Okpala, affirmed the Bank’s readiness to support NIMASA.

She also emphasized the importance of collaboration in implementing a robust capacity-building initiative that will contribute to economic growth in Nigeria.

Bank of Industry Limited is Nigeria’s oldest and largest Development Finance Institution (DFI) currently in operation.

It is owned by the Ministry of Finance Incorporated (MOFI) Nigeria (94.80%), the Central Bank of Nigeria (CBN) (5.19%) and private shareholders (0.01%)

Headlines

NIMASA secures support of Bank of Industry for enhanced capacity building in maritime industry

Funso OLOJO

The Nigerian Maritime Administration and Safety Agency (NIMASA) has broker a partnership with the Bank of Industry (BOI) to enhance its capacity building effort in the maritime industry.

He stated, “In addition to safety, security, and maritime labor, the Agency’s mandate encompasses capacity development aimed at growing the sector.”

He also reaffirmed the Agency’s commitment to collaboration as a vital tool for achieving its mandate.

“The aim is to actualize the vision of the Federal Government to reposition the maritime sector, especially with the creation of the Ministry of Marine and Blue Economy”, he said.

On her part, the Executive Director of Large Enterprises at BOI, Mrs. Uz’Okpala, affirmed the Bank’s readiness to support NIMASA.

She also emphasized the importance of collaboration in implementing a robust capacity-building initiative that will contribute to economic growth in Nigeria.

Bank of Industry Limited is Nigeria’s oldest and largest Development Finance Institution (DFI) currently in operation.

It is owned by the Ministry of Finance Incorporated (MOFI) Nigeria (94.80%), the Central Bank of Nigeria (CBN) (5.19%) and private shareholders (0.01%).