How Nigeria Is Losing $20bn Annually Through Inefficient Ports System- Atiku

Advertisements
Advertisements
Advertisements
Advertisements
Advertisements
Advertisements
Advertisements
Advertisements
Advertisements
Advertisements

Nigerian port system is reportedly losing over $20billion in annual revenue due to inefficiency and decayed infrastructure.

Advertisements

The Presidential Candidate of the Peoples Democratic Party, PDP, Alhaji Atiku Abubakar made the disclosure during a town hall meeting with maritime stakeholders in Lagos.

Advertisements

Atiku who was represented by his running mate and former governor of Anambra State, Mr. Peter Obi, said that the port system is not working and lamented about the fate of Nigerians whom he said are made to pay extra $1,000 abroad on every container shipped into the country.

Advertisements


He voiced disappointment over low level of commitment and officials’ response to sundry factors responsible for the ineffectual state of the ports, including the Eastern and Delta Ports.

He explained that if elected, tax holidays and other incentives will be given to terminal operators and other critical stakeholders to patronize the Eastern ports and make them viable.

He said this move would drastically free the Lagos ports of unwarranted pressure and congestion.

According to him, in order to make the Eastern ports busy and viable, there is need to make it cheaper to clear cargoes there than in Lagos.

Challenging the Buhari government over its poor performance at the ports economy, Atiku said, “How can you say Nigeria is working and you have an ease of doing business yet the roads leading to your ports are in bad shape? It simply shows a government that is not working.

For every goods you ship from anywhere in the world into Nigeria, you pay additional $1,000, the reason why you are paying that is because of the inefficiency of Nigerian Ports.

“The ports today have not been expanded from what it was when they were built, nobody has given them any attention and we are not even building new ones.

Advertisements

Leave a Reply

Your email address will not be published.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