Political Economist

Top Menu

  • Home
  • About us
  • Contact us

Main Menu

  • Local News
  • World News
  • Business & Economy
  • Sports
  • Commentaries
  • Home
  • About us
  • Contact us

logo



Political Economist

  • Local News
  • World News
  • Business & Economy
  • Sports
  • Commentaries
  • Mixed Martial Arts: Blachowicz beats Adesanya to retain UFC crown

  • ITF says charges of nepotism, marginalization of Muslims baseless

  • Osinbajo, Anyim, Obi, Muhammed-Bande, others discuss Patriotism, Security, National Development

  • LAGOS DISSOLVES BOARDS OF STATE SPORTS ASSOCIATIONS 

  • Power transmission hits peak of 5,615.40MW; no improvement in supply – consumers

Business & Economy
Home›Business & Economy›FG has made remarkable efforts in trade support infrastructure- Amaechi

FG has made remarkable efforts in trade support infrastructure- Amaechi

By Admin
September 25, 2018
296
0

The Minister of Transportation, Mr Rotimi Amaechi

The Minister of Transportation, Rotimi Amaechi has said that the Federal Government has developed trade support infrastructure to boost trade between Nigeria and other countries.

Amaechi made this known at the opening of a two-day Sub-Regional Workshop and Joint Standing Committee Meeting of the Union of African Shippers’ Council in Abuja. The Sub-regional Workshop being hosted by the Nigeria Shippers’ Council is with the theme, Port Concession in West and Central Africa: Impact on Economies of Member States.

The minister stated that the infrastructure included functional railways, roads, establishment of Inland Dry Ports and Truck Transit Parks across Nigeria and these infrastructure have been put in place in order to bring shipping closer to service users in the hinterland.

He noted that President Muhammadu Buhari in January commissioned the Kaduna Inland Dry Port as Port of Origin and Destination which was now operational and that Shippers in the North-West Geopolitical Zone were already using it for their trade needs.

While calling on landlocked countries to take advantage of the Kaduna Dry Port which was targeted at providing services to such countries for the carriage of transit goods through Nigerian Seaports, the Minister stressed the fact that high freight rates, arbitrary imposition of surcharges remained key issues hindering the development of international trade in West and Central Africa.

He, however, noted that it required collective responsibility of stakeholders to proffer lasting solutions to tackling these arbitrary and unjustifiable costs and urged the participants to thoroughly examine and evaluate the performance and impact of port concessions on the economies of the sub-region, implementation of World Trade Organization (WTO) and Trade Facilitation Agreement (TFA).

He also called on the participants to look at issues relating to port operations as well as Sea-link project which are key to the effective realization of the sub-regional maritime goals, as they also look at important issues that would be raised at the workshop with a view to advising governments of the member States on appropriate regulations and policies which would help nation governments in realising the laudable goals of the sub-regional Maritime industry.

Also speaking at the occasion, Chairman, Governing Council of the Nigerian Shippers’ Council, Alhaji Mai-Mala Buni, stated that the workshop marked an important milestone for the Union of African Shippers’ Councils (UASC).

He said it was an important milestone in the pursuit of effective and efficient trade and transportation for sustainable economic development in the sub-region.

Buni stressed that the UASC Joint Committee Meeting at the workshop would be used for developing strategies for the negotiation of freight rates and other conditions of shipment of goods carried by sea, and he enjoined participants to arrive at far-reaching resolutions that would be adopted towards efficiency at ports and to maximise full benefits of port concession which would be achieved by taking advantage of the enormous potentials of the regional maritime industry. (NAN)

TagsMai Mala BuniMuhammadu BuhariNigerian Shippers’ CouncilRotimi AmaechiTrade Facilitation AgreementWorld Trade Organization
Previous Article

I mistook Buhari’s call for a 419 ...

Next Article

Aisha Buhari canvasses support for victims of ...

Related articles More from author

  • Breaking News

    The Army Remains Apolitical, No Personnel Will Be Used For Political Missions-Army

    February 19, 2019
    By Admin
  • Local News

    If We Elect Buhari He Will Rule for One Term And Power Will Return to The South- Enang

    February 5, 2019
    By Admin
  • passengers
    Local News

    COVID-19: Enforce the use of face masks in public places nationwide – Buhari directs State govs

    August 6, 2020
    By Admin
  • Local News

    President Buhari to begin consultations for multi-stakeholder committee to probe into communal clashes

    June 29, 2019
    By Admin
  • NUJ
    Local News

    NUJ set to stop incessant owing of salaries,  harassment of journalists 

    October 18, 2019
    By Admin
  • Breaking News

    FIRS: How cabal ditched Tinubu, snubbed Fowler’s renewal request

    December 10, 2019
    By Admin

You may be interested

  • Local News

    Nigeria to transform to major driver of global growth – Lai Mohammed

  • Sports

    Azeez, Olayinka in, Balogun, Iheanacho out of Eagles team to face Brazil

  • Local News

    Petroleum Subsidy: NLC Cautions FG Against Implementing IMF’s Recommendation of Removal

logo

Political Economist is a liberal news magazine with global affiliations.

We promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists...

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com
  • Recent

  • Popular

  • Comments

  • Killer Herdsmen: This is one killing too many – Gov. Fayemi says as he pays  ...

    By Admin
    March 7, 2021
  • Herdsmen

    News of fire outbreak in Aso Rock not true – Presidency

    By Admin
    March 7, 2021
  • DSO

    DSO: N9.4bn used to settle outstanding contractual agreements – NBC 

    By Admin
    March 7, 2021
  • Fake IDPs: Gov. Zulum discovers 650 ‘ghost households’ in camp in midnight headcount

    By Admin
    March 7, 2021
  • Jonathan Sacks IGP Abba, Appoints Arase

    By Admin
    April 21, 2015
  • Zinox iPower Inverter Claws to Market Dominance

    By Admin
    November 24, 2014
  • Police foil another suicide bomb attempt in Borno, kill three bombers

    By Admin
    April 24, 2017
  • Your Kidney is Your Life, Watch Your Lifestyle, Counsels Dr. Amira

    By Admin
    February 27, 2015
  • Justopec
    on
    April 24, 2017

    Police foil another suicide bomb attempt in Borno, kill three bombers

    Good one for the ...
  • Justice Shedrack
    on
    April 24, 2017

    Police foil another suicide bomb attempt in Borno, kill three bombers

    Nice
  • Anonymouse
    on
    February 8, 2017

    Qatar Airways makes history, completes first longest non-stop flight of 16 hours from Doha to New ...

    This is nice...
  • Justice Shedrack
    on
    January 19, 2017

    Confusion in Gambia, Jammeh stays put, Barrow to be sworn in at Gambia embassy in Senegal

    Na wa ooooo

Find us on Facebook

Follow us

  • Home
  • About us
  • Contact us
  • Privacy Policy
© Copyright Political Economist. All rights reserved.