( 3 minutes)
· The state of Nigerian seaports have been decried by the stakeholders, blaming that they are largely underdeveloped, poorly ranked among their peers in the West Africa sub-region, and are undermining the ease of doing business
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Nigeria’s imports and exports to the rest of the world are conveyed via sea. That, she said, signified the strategic importance of maritime to domestic and global trade
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The challenges being faced by the maritime sector are delays in import and export processes, heavy human and vehicular congestion around the ports, policy, and regulatory inconsistencies, infrastructure and logistic constraints, security concerns, and incidence of corruption
and infractions among regulatory agencies at the ports
The state of Nigerian seaports have been decried by the stakeholders, blaming that they are largely underdeveloped, poorly ranked among their peers in the West Africa sub-region, and are undermining the ease of doing business.
President of Lagos Chamber of Commerce and Industry (LCCI) Toki Mabogunje, stated that no economy can be competitive in the international trade circle without an efficient maritime sector.
According to her over 90 per cent of Nigeria’s imports and exports to the rest of the world are conveyed via sea. That, she said, signified the strategic importance of maritime to domestic and global trade.
The challenges being faced by the maritime sector are delays in
import and export processes, heavy human and vehicular congestion around the ports, policy, and regulatory inconsistencies, infrastructure and logistic constraints, security concerns, and incidence of corruption and infractions among regulatory agencies at the ports. There are also complications in the ease of doing business at the port environment with gross implications for investment promotion and difficulty in accessing the ports.
