Nigeria would once again end another year with the unfulfilled promise of the National Single Window (NSW) project deployment at the nation’s seaports, which has cost the country N1.08 trillion losses yearly.
• Dealers lament rising cost, low patronage for used vehicles • This is a ploy to discourage vehicles importation, stakeholders allege Beginning from June 1, 2021, Nigerians with a low budget would be unable to purchase cars while those with a high budget will pay double, as terminal operators have announced a 50 per cent increase in terminal handling charges. Two Roll On Roll Off (RORO) terminals at the Tin Can Island Port, Ports and Terminal Multipurpose Limited (PTML) as well as Five Star Logistics Terminal had two weeks ago announced an increase in their terminal handling charges by 50 per cent. According to the circular released by both terminal operators, the increment is expected to take effect from Tuesday next week. However, the terminals have blamed the increment on inflation and huge operational cost due to the nature of Nigerian ports, among others.
Nigerians to pay more for imported vehicles from June 1 guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.
Train to deliver 500 containers daily
The long-awaited standard gauge expected to provide the needed alternative to the movement of cargo on the road to solve the persistent gridlock around the Apapa seaports will kick off operation before the end of this quarter.
The rail is expected to aid the evacuation of cargoes from the ports, facilitate export, reduce gridlock on port access roads and curb the huge revenue losses to the bottlenecks at the ports.
The project, which is being executed by the Nigerian Railway Corporation (NRC) and AMP Terminals, is designed to run alongside the existing narrow gauge from the Apapa Seaport to the NRC terminal at Yaba.
Vanguard News
Nigeria not ready for AfCFTA, says APFFLON boss
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By Dave Oludare Oso
Divergent reactions have continued to trail Nigeria’s move to boost its international trade with the the flag-off of African Continental Free Trade Area (AfCFTA).
While a sizeable percentage of Nigerians and Organised Private Sector (OPS) players have viewed the development with unbridled optimism, a high number, especially corporate entities are of the opinion that the move will lead to Nigeria’s doomsday as the treaty is going to be implemented with the nation at a disadvantageous frame.
One of such corporate entities is the Africa Association of Professional Freight Forwarders and Logistics in Nigeria (APFFLON), which think that the development, though an historic milestone, is coming at a time the country is in a state of uncertain and unfavourable industrialisation and manufacturing activities.