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Tag: Hassan Bello

Importers lose N16bn yearly to foreign shipping firms

Importers lose N16bn yearly to foreign shipping firms

Maritime
For about three years now, Nigerian importers have been paying an arbitrary fee of N16 billion yearly as container deposit fees to foreign shipping companies. Executive Secretary, Nigerian Shippers Council (NSC), Hassan Bello, who disclosed this during a press conference in Lagos, described the fee as exploitation, noting that the agency is collaborating with the National Insurance Commission (NICOM) to put an end to the arbitrary payment by the second quarter of 2021. Bello explained that in 2018, Nigerians paid N16 billion to foreign shipping companies as container deposit fees; and that the figures for 2019 and 2020 were not different from what obtained in 2018. “We at the NSC are currently working towards the removal of container deposit fee payment by Nigerian importers....
Stakeholders move to sanitise Nigeria’s port system

Stakeholders move to sanitise Nigeria’s port system

Business
Major stakeholders in Nigerian ports have renewed synergy to entrench transparency and boost operational efficiency.The stakeholders, who gathered at the sensitization meeting for government agencies and stakeholders in the maritime sector on the implementation of the Nigerian Ports Process Manual (NPPM), organised by the Nigerian Shippers’ Council (NSC), in Abuja, underscored the importance of the manual and the need to sanitize Nigeria’s port system. The NPPM, which was launched by the Vice President, Prof. Yemi Osinbajo, on December 9, 2020, is expected to help Nigeria improve its ranking on the Corruption Perception Index, (CPI).   Speaking at the event, Minister of Transportation, Rotimi Amaechi, emphasized the enormity of the responsibility placed on the NSC for driving the p...
Shippers Council, NAICOM to de-risk costs at ports

Shippers Council, NAICOM to de-risk costs at ports

Business
The Nigeria Shippers Council (NSC), and the National Insurance Commission (NAICOM), plans to collaborate to reduce the cost of doing business through the introduction of insurance cover on containers, and also looking into risk management at the various ports. The Lagos Chamber of Commerce and Industry (LCCI), had complained of the high cost of doing business at the ports due to poor infrastructure, the multiplicity of levies, excessive regulations, among others, which were further worsened by the Covid-19 pandemic. But the Executive Secretary, NSC, Hassan Bello, during a courtesy visit to the NAICOM management, Tuesday, stressed the need for a policy review of insurance covers for goods in transit, accidents, losses and damages, devoid of religious sentiments that everything hap...
Shippers’ Council raises alarm on falling exports

Shippers’ Council raises alarm on falling exports

Business
The Nigerian Shippers Council (NSC), has raised an alarm over the free fall in exports at the seaports due to current lockdown occasioned by the COVID-19 pandemic.   Executive Secretary, NSC, Hassan Bello, during a stakeholders’ meeting in Lagos, attributed the dwindling rate of exports at the seaports to restriction of interstate movement, and lack of access to foreign exchange to support export among others. He stressed the need for all hands to be on deck, to avoid looming food insecurity, inflation, and job losses as attendant impacts of COVID-19 on Nigeria’s economy.   Suggesting an immediate solution, Bello advised that export cargoes could be consolidated and escorted across state lines to the seaports, to ease movement, and urged the Presidential Task Forc...