Connect with us

NEWS

Lilypond to Process, Handle all Non-oil Export, says Koko

Published

on

Share

From Anthony Nwachukwu, Lagos

To ease the bureaucratic and logistical bottlenecks obstructing exporters and promote access to Nigeria’s non-oil exports in the international markets, the Nigerian Ports Authority (NPA) has affirmed Lilypond Container Terminal, Lagos as a specialised processing and handling facility for locally finished and agricultural goods.

 NPA Managing Director, Mr.

Mohammed Bello-Koko, who stated this at the 43rd Kaduna International Trade Fair in Kaduna State, disclosed that the Lilypond would offer exporters a one-stop space for transactions at a reduced cost and time, thereby increasing their profit margin and competitiveness in the international market.

 Also, he disclosed towards positioning Nigerian seaports as the preferred cargo destination in the West Africa, the NPA “has led the campaign for the actualisation of the first-of-its-kind Lekki Deep Seaport, which has reached 81 per cent completion stage,” which will begin operations in the last quarter of the year,  

 “The Lekki Deep Seaport is designed to be the deepest port in West Africa and will be a significant game-changer in Nigeria’s maritime economy. This multi-purpose port is expected to generate over 170,000 direct and indirect jobs when completed.”

 According to him, the fair’s 2022 theme: “Re-strategising Nigerian Economy for Global Competitiveness,” underscores the Federal Government’s agenda on diversifying the economy from hydrocarbons by focusing on industrial development, especially local manufacturing and large scale food production.

 The NPA, he added, has initiated several strategies to maximise the movement of non-oil exports across the country’s borders. Among them, “we are currently discussing with terminal operators to give priority to exportation of agricultural produce and solid minerals.

 “This will stimulate our domestic economy, create thousands of jobs and increase the revenue profile of government at all levels,” a statement by the General Manager, Corporate and Strategic Communications, Ibrahim Nasiru, cited him as saying.

 According to him, the Nigerian port industry remains a prime economic driver, mindful that 85 per cent of the country’s trade volume is handled through the port. Therefore, “maritime transport remains the main gateway to the global marketplace,” he added.

 Koko said the NPA’s huge role as custodian of ports necessitates its continuous participation at such trade exhibitions because “ocean ports are central and necessary components in facilitating trade among nations. Ports are catalysts for economic development, as they enable trade and support supply chains.”

 He expressed the belief that being the largest economy on the continent, Nigeria should be the hub of international trade in Africa.

 “If we can harness those immense talents of our huge, enterprising, intelligent and determined youths, along with the vast array of natural resources we are endowed with, Nigeria will be among the first world countries in a decade,” he stated.

 Meanwhile, to encourage quick and easy processing of imports, the Authority has begun the implementation of the Nigerian Port Process Manual (NPPM) in conjunction with sister-agencies to engender transparency and efficiency, and reduce the cost of doing business at the port.

 The manual outlines the harmonised Standard Operating Procedures (SOPs) of agencies operating in the maritime industry, and will foster a very conducive environment for port users, streamline inspection and examination of cargo, check exploitation and corrupt tendencies by service providers, among other benefits.

Commending the Kaduna Chamber of Commerce, Industry, Mines and Agriculture (KADCCIMA) for another successful edition, Koko urged the body to brace up for the digital economy, and to join in marketing the economic benefits of the Kaduna Inland Dry Port (KIDP) to the state’s business community.

The dry port will help bring shipping services closer to business owners and residents of Kaduna, as it can handle both import and export cargoes.

In his welcome remarks, KADCCIMA President, Suleiman Aliyu, described NPA as the artery of the nation’s economy in view of its strategic role in trade facilitation and provision of access for businesses to trade across international borders.

 He noted that Nigeria recently signed an agreement that would enhance the flow of goods between Nigeria and Chad.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

NEWS

Police Confirm Death of DPO in Lagos

Published

on

Share

The Police Command in Lagos State has confirmed the death of a Divisional Police Officer (DPO) in charge of Ijanikin Police Station, CSP Bolaji Olugbenga.

The command Spokesman, SP Benjamin Hundeyin, confirmed this on Friday night.

Hundeyin, however, did not give details of the officer and what led to his death.

Report earlier gathered that the DPO was said to have slumped in the office and died before he could be rushed to a hospital on Thursday night.

It was learned that the news of his death threw the officers attached to the station into mourning.

A source from the division said the body of the officer had been moved to a mortuary. (NAN)

Continue Reading

NEWS

Man Jumps into Lagos Canal to Evade Arrest, Dies

Published

on

Share

The Police Command in Lagos State says a man allegedly jumped into a canal and died to avoid arrest in the Ipaja area of the state.

The command’s Spokesman , SP Benjamin Hundeyin, stated this in post he shared on his verified X handle @benHundeyin on Friday.

He said that the incident happened on Wednesday at about 10:00 a.

m. in Mosan Okunola area of Ipaja.

Hundeyin, who was responding to the report that the man had encounter with the police, who chased him into the canal, said the report was not true.

He said that the police visited the scene and met eye witnesses on ground who voluntarily gave their statements regarding the unfortunate incident.

“The young man was a passenger on a motorcycle, riding against the traffic.

“Immediately they sighted the police approaching in their vehicle, the rider made a sharp u-turn while the passenger jumped off the motorcycle, crossed the road and ran through a nearby tipper garage.

“People in the garage who saw him running towards the canal and at the same time emptying the contents of his pockets agitatedly warned him about a canal ahead.

“He did not stop but unfortunately jumped into the canal, ” the image maker said

Hundeyin said that the police officers, startled at his behavior, stopped their vehicle, alighted and went in the direction of the canal.

“The people around informed the police that the young man had jumped into the canal.

“They all went to look, waited some minutes, did not see him, upon which the police left, believing he successfully evaded them.

“The police officers did not speak with him; did not touch him, did not chase him, did nothing. The young man simply saw them and bolted, ” he said.

He assured Lagosians that the command, under CP Olanrewaju Ishola, would not condone any form of unprofessional conduct on the part of its officers.

The spokesperson prayed God to give the deceased’s family the fortitude to bear the loss. (NAN)

Continue Reading

NEWS

National Vehicle Registry to Curb Revenue Leakages – FG

Published

on

Share

The Federal Government says the National Vehicle Registry (VREG) Policy will plug revenue leakages associated with vehicle importation and improve operational efficiency in motor vehicle administration across the country.

Wale Edun, Minister of Finance and Coordinating Minister of the Economy, said this during a keynote address at a sensitisation seminar on Friday.

The seminar, which focused on VREG, was attended by decision-makers, vehicle users, law enforcement agencies and other stakeholders from Lagos, as well as heads of agencies from Ondo and Ekiti states.

Edun explained that the policy would also offer stakeholders benefits such as improved access to credit, easier vehicle trade, better vehicle lifecycle management and enhanced insurance coverage.

The Federal Ministry of Finance launched the VREG policy in 2021 to enhance revenue generation within the motor vehicle administration ecosystem.

The National Vehicle Registry (VREG) is a centralised database of all vehicles in Nigeria, using the unique Vehicle Identification Numbers (VIN) to store detailed information on vehicles.

The VREG is connected to multiple global VIN databases and the network interconnectivity with Nigeria helps facilitation of global trade and crime fighting, amongst others.

Edun, represented by Hajia Jumai Katagum, Director of Public-Private Partnerships (PPP), called for stakeholder collaboration to optimise and achieve the objectives of VREG.

He stressed the need for integration among key stakeholders, while explaining ongoing efforts to close existing gaps in vehicle administration.

The minister noted that VREG addresses the challenges caused by Nigeria’s status as the largest importer of vehicles in Africa, with over 15 million operational vehicles.

Edun explained that issues like customs duty evasion, inadequate data for vehicular policy, revenue leakages, vehicle theft and ineffective vehicle insurance coverage were tackled through VREG.

Also, Gov. Babajide Sanwo-Olu if Lagos, represented by Oluwaseun Osiyemi, Commissioner for Transport, commended the government for bringing stakeholders together to enhance understanding of VREG.

He noted that VREG would provide all levels of government with an accurate database for real-time vehicle assessment and crime prevention.

Sanwo-Olu added, “We are confident that with continued support, VREG will revolutionise vehicle management across the country, driving economic growth and development.”

The Comptroller General of Customs, Adewale Adeniyi, represented by Deputy Controller of Customs, Rahmon Akintola, also highlighted the potential for enhanced customs operations through collaboration with other stakeholders.

Alhaji Yusuf Othman, National President of the Nigerian Association of Road Transport Owners (NARTO), noted that the association, which controls 90 per cent of vehicles used for cargo transportation, is a key stakeholder in national revenue collection.

Othman, represented by a member of the association, Mr Stephen Okafor, appealed for the implementation of VREG at no cost to transporters.

Mr Emenike Nwokeoji, President of the Association of Nigeria Customs Licensed Agents, pledged the association’s support for VREG’s success, saying,”no imported vehicle in the country is beyond traceability”.

During a presentation titled “Optimising Nigeria’s Vehicular Ecosystem for National Economic Development”, Mr Dennis Obeto, Managing Director of Fourcore Technology Solutions Ltd., stressed the need to make Nigeria’s motor vehicle ecosystem safer and more efficient.

Obeto, a private sector collaborator on the VREG project, explained more on the the platform’s functionality and its role in transforming the vehicular ecosystem. (NAN)

Continue Reading

Read Our ePaper

Top Stories

NEWS1 hour ago

Police Confirm Death of DPO in Lagos

Share The Police Command in Lagos State has confirmed the death of a Divisional Police Officer (DPO) in charge of...

NEWS2 hours ago

Man Jumps into Lagos Canal to Evade Arrest, Dies

Share The Police Command in Lagos State says a man allegedly jumped into a canal and died to avoid arrest...

NEWS2 hours ago

National Vehicle Registry to Curb Revenue Leakages – FG

Share The Federal Government says the National Vehicle Registry (VREG) Policy will plug revenue leakages associated with vehicle importation and...

NEWS3 hours ago

GTP Wants Organised Labour Give Attention to Issues Aside Salary, Fuel

ShareThe Chief Consultant of Global Transport Policy (GTP), Dr Segun Musa, has urged the organised labour  to pay attention to...

NEWS3 hours ago

Military kills over 101 Terrorists, Nabs Commander, 182 others

Share The Defence Headquarters says troops have eliminated 101 terrorists, apprehended a terrorist commander, Usman Maisaje, and 182 others in...

NEWS3 hours ago

Naira Gains 3.59%, Closes at N1,600.78 to Dollar

Share The Naira strengthened on Friday, closing the week at N1,600.78 to the dollar in the official market. Data from...

NEWS14 hours ago

FCTA Begins Post-development Audit of  Buildings in FCT 

Share The Federal Capital Territory Administration has began a post-development audit of buildings in the FCT. Chief Felix Obuah, Coordinato...

NEWS14 hours ago

Price of 5kg Cooking Gas Stood at N6,699.63 in September- NBS

Share The National Bureau of Statistics (NBS) says the average price of 5kg of cooking gas increased from N6,430.02 recorded...

NEWS14 hours ago

FG Revokes Section of Abuja-Kaduna Road Contract Handled by Julius Berger

Share The Federal Government has revoked a section of the Abuja-Kaduna highway contract being handled by Julius Berger over irregularities....

Foreign News14 hours ago

WHO Accuses Israel of Denying Medical Specialists’ Entry to Gaza

Share The World Health Organisation (WHO) has accused Israel of barring medical specialists from entering Gaza to support clinics in...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc