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10 December 2018 The on-line newspaper devoted to the world of transports 05:11 GMT+1



August 22, 2016

Terminal operators lost N58.9bn in earnings in 10 years - Report

*Government needs to review 2006 concession agreements
*81.7 % port cost lies in cargo clearance

By Omoh Gabriel & Godwin Oritse

As the nation's economic fortune continues to dwindle, Nigerian ports have recorded drops in the cargo throughput for the first quarter of this year, an indication that less volume of goods was imported into the country within the period. There are also, indications that the second quarter may record further drop in the ports' activities. The drop in gross tonnage was also reflected in the revenue generation drive of the Nigeria Customs Service as the agency also suffered deficit of more than N100 billion for the first half of the year ......
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