Nigeria loses N1trn to cargo diversion

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The Shippers’ Association Lagos State (SALS) on Tuesday said the country lost N1 trillion annually through cargo diversion to ports in neighbouring countries due to bad roads to Lagos ports.

Mr Jonathan Nicol, SALS President, told the News Agency of Nigeria (NAN) in Lagos that the losses arose from import duties and other charges not paid to Nigerian ports.

According to him, there is massive diversion of Nigeria-bound cargo to ports in neighbouring countries due to bad access roads to Lagos ports.

The shippers said that demurrage, terminal charges and storage fees incurred by shippers ran into billions of naira daily.

“There are also queue of vessels within the Lome waters awaiting call-up for berthing in Lagos ports.

“This will attract port congestion levy on cargo, which is no fault of the shippers (importers and exporters).

“Demurrage on containers is increasing…

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