Dealers buying, selling used vehicles Vehicle imports have continued on a downward slide in the last five years as a result of high Customs Duty as well as a rise in the exchange rate of naira to dollar, it has been revealed. Daily Trust investigation showed that the importation of vehicles in the last five…
The Nigerian maritime sector is facing crises. The crises include poor access roads, high shipping charges, multiple cargo handling charges and astronomically high customs duty. The inconsistencies in government policies have also over the years scared stakeholders away from the nation’s seaports, which has added to the multiple extortion points along the ports’ corridors. Interestingly,…
Stakeholders in the maritime sector have urged the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, to provide clarity of directions for departments and agencies in the ministry for Nigeria to benefit from the sector which is worth more than $1.5 trillion annually. According to the World Bank, the blue economy is the “sustainable…