“The figure is even higher because importers cannot pay demurrage for most of the goods now trapped in the ports.”
Investigations by The Guardian revealed that many of the cargoes are now incurring high demurrage after enjoying three rent-free days from the time of discharge.
He lamented further: “You cannot get Form M to process import. The liquid value for the foreign exchange must be in your account, which you cannot withdraw. The money has remained there for three months. You cannot receive your goods. The bills are constant. Workers’ salary is constant. Transportation is higher. Servicing is constant, and many more. All on one importer! And then you begin to think of how to pay demurrage.
President, National Council of Managing Directors of Licensed Customs Agents , Lucky Amiwero, noted: “The problem we have is that there is no rail. Our coastal lines are not utilised and the roads are not good. The implication is grave. The impact on the economy is in trillions of naira. We have not done the full estimate. But we are in a terrible mess because the importers will move their cargoes through other countries.
General Manager, External Affairs of APM Terminals Apapa, Daniel Odibe, said the Terminal and NRC have developed a new Standard Operating Procedure , which would bridge communication gap and ultimately lead to more efficient cargo evacuation by rail. The Executive Secretary, Nigerian Shippers’ Council , Hassan Bello, said the revival of rail evacuation would help decongest the terminal and allow export cargoes trapped at various private garages and port corridors to access the ports through the road.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
High cost of haulage from Lagos port rattles importers, manufacturersThe cost of moving imports from Nigerian ports to other parts of the country has continued to rattle goods, manufacturers and operators of logistics. Experts have linked the exorbitant cost …
Read more »
269 Nigerians stranded in India arrive Lagos, AbujaThe Nigerian in Diaspora Commission (NiDCOM), on Saturday, confirmed the arrival of 269 Nigerians that were stranded in India in...
Read more »
269 Nigerians stranded in India arrive Lagos, AbujaThe Nigerian in Diaspora Commission (NiDCOM), on Saturday, confirmed the arrival of 269 Nigerians that were stranded in India in Lagos and Abuja.
Read more »
269 Nigerians stranded in India arrive Lagos, Abuja - Daily Post NigeriaAbout 269 Nigerians stranded in India on Saturday arrived Lagos and Abuja. The Nigerian in Diaspora Commission (NiDCOM), announced their arrival on its
Read more »
Lagos orders clearing of shanties on drainage
Read more »
Lagos Government orders removal of shanties near drainage channelsThe Commissioner for Environment and Water Resources, Mr Tunji Bello, has directed officials in the ministry not to compromise in clearing shanties
Read more »