The Kirikiri Lighter Terminal of the Nigeria Customs Service has attributed the drop in import volume to the effect of the monetary policy.
According to him, “Prior to this period, KLTC was used as a transit hub for exports. However, since the establishment of an export processing terminal, all export procedures have since commenced in the command with an anticipated uptick in export volume.”
Bomordi said that the command had an installed capacity to handle about 6,000 twenty-foot equivalent units but was currently functioning less than 10 per cent of its capacity. “KLTC has an installed capacity of handling about 6,000 TEUs, but currently it is functioning at less than 10 per cent of its installed capacity and there is a lot of room for growth. With the commissioning of a few new terminals and the promise of increased cargo allocation, we are hopeful of a positive turnaround in activities both for imports and exports as we believe that as trade volume increases, so will the revenue profile.
“Kirikiri Lighter Terminal Command has a strategic advantage over other ports in Lagos. Its unique location allows for immediate entry and exit, unlike other ports where there is an average waiting time of seven days. Its major impediment is the draft, which restricts the direct berthing of seagoing vessels. This challenge has recently been overcome with the introduction of ocean-going lighter barges with the capacity of moving over 200 TEUs.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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