FG Recovers N6bn from 4-12 months Ports Dispute Settlement

FG Recovers N6bn from 4-12 months Ports Dispute Settlement

The Federal Authorities via the Nigerian Shippers’ Council, stated it recovered the sum of N6.1bn from dispute settlements on the ports between 2019 to 2023.

It stated a complete of N6.1bn was saved and recovered by the council via complaints dealing with over the 5 years.

The council defined that throughout the interval underneath overview, it obtained complaints from regulated service suppliers and customers via the Ports Service Help Portal.

The Director of Strategic Planning and Analysis of the NSC, Oluwarotimi Anifowoso, disclosed this in Lagos whereas presenting a paper on the achievements of the council.

He added that the complaints obtained by the council throughout the interval underneath overview embrace arbitrary prices, container deposit refunds, and import and export fraud.

Anifowoso added that the council additionally recovered the sum of N167bn from tariff negotiation, financial savings from incessant cargo stoppage, and promotion of inland dry port initiatives within the financial system between 2019 to 2023.

Giving particulars of the funds, he stated, “The sum of N153bn was recovered from the influence of the tariff negotiation on the financial system throughout the interval underneath overview,”

“Throughout the interval underneath overview, the sum of N10m financial savings made via the intervention on incessant cargo stoppage and N13.4bn was recovered via the facilitation of inland dry ports association via the public-private association which attracted funding,” Anifowoso said.

The NSC director maintained that the council’s function because the lead company within the Nigerian Ports Course of Guide has sanitised the actions associated to the joint boarding of vessels.

In keeping with Anifowoso, as a result of intervention of the council-led Ports Standing Job Crew, there was a rise within the variety of cargoes examined per day.

“The quantity has elevated from 120 bins each day per terminal to a mean of 250 bins each day per terminal,” Anifowoso narrated.

He said that from March until date, greater than 95 per cent of the vessels that referred to as at Nigerian ports and terminals left with none incident.