• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, September 18, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Cargo volume declines in Nigerian ports in 2 years – ANLCA

Cargo

The Matters Press by The Matters Press
August 25, 2022
Reading Time: 2 mins read
0
Nigeria loses $25b to foreign ship owners

Ship with goods

Dr Kayode Farinto, acting President, Association of Nigerian Licensed Customs Agents (ANLCA), says the country’s ports had witnessed cargo volume decline in the past 24 months.

RELATED POSTS

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

Farinto made this known in a television programme monitored by the News Agency of Nigeria on Thursday in Lagos.

He was speaking on the Nigerian Ports Authority report in first half of the year which showed a total of 849,000 Twenty-foot equivalent unit of container rise on import received in Nigerian ports.

Farinto said that there was no increase in cargo import but, there was a decline.

According to Farinto, a lot of factors militate against cargo import in Nigeria such as bureaucracy, inconsistent policies and the continues slide of the naiira.

“The role of the Central Bank of Nigeria ( CBN) too cannot be over looked and this is because, they are encroaching on fiscal policy which affect importation of cargo.

“We have over 48 items on forex prohibition list and these people are still going through black market, bringing these items is a problem and even when brought in, issues of declaration comes in.

“That is why I say there is a decline and not increase. If its not a decline, I will say that 40 per cent of the containers are raw materials from all these multinationals and producing companies like Nigerian Breweries,” he said.

The ANLCA acting president said that to address this, government needed to look into the country’s maritime policy to have a clear cut way of harnessing the industry, which was under tapped.

“Before now, Nigeria had lost 45 per cent of its cargo to Lome, because, they have deep seaport.

”But with the coming of the Lekki Deep Seaport, we will witness berthing of large vessels in Nigeria,” he said.

On the issue of the African Continental Free Trade Agreement (AfCFTA) and ensuring Nigeria does not become a dumping ground, he urged government to create a ministry to oversee the agreement.

According to him, having a ministry to oversee the agreement will ensure the preparedness of the country in the trade.

“We are signatory to this convention and whether we like it or not, African countries need to bring their goods to our country and we cannot say no.

“The UK has an anti-dumping policy in spite of the fact that they are a member of European Union and they used it to reject items they don’t want in their country, so we too need to do things right.

“AfCFTA is a lofty idea for African countries, a ministry to oversee issues in Nigeria will make us more prepared,” he said.

Tags: Cargo
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

‎Tinubu never abandoned the North, TMSG insists

September 12, 2025
Trading in Nigerian stock market dips further N83bn
Economy/Technology

Tinubu’s pro-business model triggers surge in capital market – TMSG

September 10, 2025
Tinubu commits to economic reforms as Nigeria marks democracy day
Economy/Technology

‎Tinubu’s achievements daze gov., opposition leaders

September 10, 2025
Next Post
Coronavirus hits hard as China records 811 deaths

China tourism group duty free makes trading debut stock exchange

PENCOM launches radio programme

PenCom lauds media for creating awareness on contributory pension

Recommended Stories

NGO kicks against visa for Atiku

NGO kicks against visa for Atiku

December 5, 2018
Cardoso approves CBN’s reviewed service charter

Forex: What CBN did to foreign airlines

January 8, 2024

Abuja manholes pose danger

May 9, 2019

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Leap in non-oil exports gain of Nigeria:s economic diversification ‎
  • Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎
  • ‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us