Skip to content
September 11, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Nigeria loses N800bn monthly to lack of 24-hour port operation
  • National News

Nigeria loses N800bn monthly to lack of 24-hour port operation

Admin March 22, 2021
lagos state government
Rev. Jonathan Nicole, President Shippers Association of Lagos, says Nigeria  loses over N800 billion monthly due to lack of 24-hour seaport operation.

Nicole made this known in an interview with the News Agency of Nigeria (NAN) in Lagos on Monday.

In May 2017, Vice President Yemi Osinbajo signed an executive order directing resumption of 24-hour operations at the Apapa Port and prohibiting touting in all seaports.

However, the 24-hour operations have yet to commence in the seaports while  agencies sacked from operating at the seaports have returned to participate in physical examination of cargoes.

The Managing Director of the Nigerian Ports Authority, Ms. Hadiza Bala-Usman, recently accused some Federal Government agencies operating at the ports of lack of compliance with the directive and executive order.

According to Nicole, the Nigerian Customs Service (NCS) was generating almost N26 billions daily in the past  from  seaports.

The figure has dropped because our imports have reduced.

“The port is money-spinning. Payments are daily made to shipping companies, terminal operators, customs, transporters, Ministries, Department and Agencies (MDA’s) in the ports”.

“If one is bringing out 1,000 containers, add the customs duty, shipping and terminal charges, transportation and even under-the-table transactions, then  you will understand the amount involved.

“We need to put in place policies that are workable and cannot be thwarted,” he said.

The association president alleged that some unpatriotic Nigerians thwarted laws and policies because they wanted to make money anyhow.

Nicole decried alleged refusal of some government agencies to key into the 24-hour port operation directive, describing it as unfortunate.

On the continued presence of some MDAs  in the ports, though they had been told to withdraw, he said it was unfortunate that the MDAs failed to comply with governments’ directive.

According to him,  shippers are still present  in the ports because they are the owners of  cargoes and would be needed by customs in some situations. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Hadiza Bala Usman NCS Rev. Jonathan Nicole Vice President Yemi Osinbajo

Post navigation

Previous Ibori, Obasanjo, UK, others: Anatomy of a corrupt Empire (1), By Tony Eluemunor
Next Amotekun Corps arrest 100 Cows in Ondo

Related Stories

Dangote refinery proves Africa can build at scale – Sanwo-Olu
  • National News

Dangote refinery proves Africa can build at scale – Sanwo-Olu

September 10, 2026
Police nab suspected kidnapper, rescue 3 victims in Gombe Police
  • National News

Police nab suspected kidnapper, rescue 3 victims in Gombe

September 10, 2026
Tinubu redeems $100,000 reward for D’Tigress, reaffirms sporting excellence
  • National News

Tinubu redeems $100,000 reward for D’Tigress, reaffirms sporting excellence

September 10, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, 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

Follow

Subscribe to notifications

You may have missed

Dangote refinery proves Africa can build at scale – Sanwo-Olu
  • National News

Dangote refinery proves Africa can build at scale – Sanwo-Olu

September 10, 2026
Dangote oil refinery buys 16 million barrels of Nigerian crude for October, sources say Aliko Dangote
  • Business & Economy

Dangote oil refinery buys 16 million barrels of Nigerian crude for October, sources say

September 10, 2026
Police nab suspected kidnapper, rescue 3 victims in Gombe Police
  • National News

Police nab suspected kidnapper, rescue 3 victims in Gombe

September 10, 2026
Tinubu redeems $100,000 reward for D’Tigress, reaffirms sporting excellence
  • National News

Tinubu redeems $100,000 reward for D’Tigress, reaffirms sporting excellence

September 10, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.