Close Menu
Straightnews

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Advocacy Body Canvasses Compassion-Driven Support for Terrorism and Disaster Victims in Akwa Ibom

    January 13, 2026 --- 12:32 am

    Police Probe Sudden Death of Family of Six in Rivers State

    January 12, 2026 --- 11:52 pm

    Open Forum Knocks Akwa Ibom Govt for Hoisting APC Flag in Public Spaces

    January 12, 2026 --- 9:18 pm
    Facebook X (Twitter) Instagram
    Trending
    • Advocacy Body Canvasses Compassion-Driven Support for Terrorism and Disaster Victims in Akwa Ibom
    • Police Probe Sudden Death of Family of Six in Rivers State
    • Open Forum Knocks Akwa Ibom Govt for Hoisting APC Flag in Public Spaces
    • Real Madrid sack Xabi Alonso after Barcelona defeat
    • SERAP Sues INEC over alleged missing N55.9bn election funds
    • AFCON 2025 Win: Super Eagles to Get $1.5m Incentive from Nigerian Billionaire
    • Salah Fires Egypt Past AFCON champions, Set for Senegal in Semifinal
    • Christians’ Killings: Trump Warns of more airstrikes on Nigeria
    Facebook X (Twitter) Instagram
    Straightnews
    • Home
    • About Us
      • About StraightNews
      • Our Philosophy
      • Editorial Board
    • News
      • Nationwide News
      • Community News
      • Regional News
        • North Central
        • North East
        • North West
        • South East
        • South South
        • South West
    • Nigeria
      • Politics
      • Economy
      • Education
      • Security
      • Energy
      • Agriculture
      • Health
      • Labour
      • Environment
      • Technology
      • Real Estate
      • Transportation
      • Judiciary
      • Electricity
    • Foreign
      • Africa
        • West Africa
        • South Africa
        • North Africa
        • East Africa
      • America
      • Asia
      • Europe
    • Social
      • Photo Gallery
      • Entertainment
      • Events
      • Fashion
      • Fitness
      • Short Stories
      • Lifestyle
      • Relationship
      • Travel
      • Specials
        • Personality Interview
        • Special Reports
        • Profile
    • Articles
      • Editorial
      • Opinion
      • Essay
    • Contact Us
    • Sports
    Straightnews
    Home»Nigeria»Economy»Cargo Diversion: Nigeria Loses N1.00trn Yearly, Says Shippers
    Economy

    Cargo Diversion: Nigeria Loses N1.00trn Yearly, Says Shippers

    Israel EffiongBy Israel EffiongNovember 22, 2017 --- 6:48 pmUpdated:November 22, 2017 --- 7:24 pmNo Comments3 Mins Read
    WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    WhatsApp Facebook Twitter LinkedIn Pinterest Email

    ARGUABLY, if inland sea ports in Eastern and Southern Nigeria were fully developed and operational, Nigeria would not have been watching a huge N1.00 trillion go down the drains every year/

    Activities at the Calabar Port in Cross River State, Warri and Koko Ports in Delta State are not economically significant. Developing a functional sea port in Onitsha, the commercial hub of Eastern Nigeria is being crippled by seeming selfish political considerations. It is being feared that such a sea port could kill those in Lagos, the commercial capital of Nigeria.

    Now, the nightmarish  state of access roads to Lagos ports is costing the country over N1.00 trillion annually as shippers are being forced to divert their cargoes to ports in neighbouring countries to escape the horror associated with clearing goods in Lagos.

    That does not appear to make a good economic sense Port Harcourt, Calabar, Koko and Warri ports are there.

    President of Shippers Association Lagos State (SALS) Jonathan Nicol, says 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.

    He said that despite the seeming inconvenience of using ports outside Nigeria, it was still significantly cheaper than Lagos ports the 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 with no control from maritime agencies. Importers and exporters are suffering,” he said.

    Nicol called on the contractor handling the rehabilitation of the access roads to Apapa port to expedite action to reduce problems encountered by shippers and truck owners.

    “Industrialists are incurring huge expenses on haulage due to lack of access roads and they are counting more losses daily.

    “There is no entry into Lagos ports and no access out of the ports after loading,” the shipper said, adding that truck drivers remained on queue for several days.

    He, however, commended Dangote Group, Flour Mills of Nigeria Plc and Nigerian Ports Authority (NPA) for offering to rehabilitate the access roads. “It should be noted that they (Dangote and Flour Mills) are industrialists going the extra mile to keep the maritime industry afloat,” Nicol said.

    The SALS chief said the export initiative of the Federal Government was also under threat as export goods spend many days on the short distance to ports before arrival for processing and loading, pointing out that to avert congestion, the backlog of goods at the ports should be cleared.

    According to him, the port congestion recorded in the past is mounting again and may lead to prolonged litigation on who pays the demurrage charges, and accordingly advised that empty containers inside the ports should be exported as a matter of priority.

    Share. WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    Israel Effiong
    • Website

    Related Posts

    March 2026: 16 Nigerian Banks That Beat CBN Recapitalisation Deadline

    December 21, 2025 --- 8:46 pm

    N1.2bn Tax Debt: AKIRS Enforces Court Order,Seals off CCECC Office in Uyo

    December 19, 2025 --- 6:14 pm

    FG Approves $2.27bn Bakassi Deep Seaport in Cross River

    December 14, 2025 --- 7:32 pm

    Comments are closed.

    Search
    Our Picks
    Don't Miss
    News

    Advocacy Body Canvasses Compassion-Driven Support for Terrorism and Disaster Victims in Akwa Ibom

    By straightnewsng.comJanuary 13, 2026 --- 12:32 am0

    By Akakan Umoh Open Forum,  an advocacy body, has canvassed for a shift from selective…

    Police Probe Sudden Death of Family of Six in Rivers State

    January 12, 2026 --- 11:52 pm

    Open Forum Knocks Akwa Ibom Govt for Hoisting APC Flag in Public Spaces

    January 12, 2026 --- 9:18 pm

    Real Madrid sack Xabi Alonso after Barcelona defeat

    January 12, 2026 --- 8:25 pm

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    The publication is committed to the principles of development journalism. We are prepared to change the public perception that the profession is a harbinger of hate, blackmail, sycophancy, prejudice and falsehood.

    We pledge to use journalism practice to give voice to the voiceless and to give people of all shades of opinions an opportunity to tell their stories.
    We're accepting new partnerships right now.

    Recent Posts
    • Advocacy Body Canvasses Compassion-Driven Support for Terrorism and Disaster Victims in Akwa Ibom
    • Police Probe Sudden Death of Family of Six in Rivers State
    • Open Forum Knocks Akwa Ibom Govt for Hoisting APC Flag in Public Spaces
    • Real Madrid sack Xabi Alonso after Barcelona defeat
    • SERAP Sues INEC over alleged missing N55.9bn election funds
    Facebook X (Twitter) Instagram Pinterest
    • Advertise With Us
    © 2026 Straightnews Wire Limited

    Type above and press Enter to search. Press Esc to cancel.