The Minister of Transportation, Mr Mu\u2019azu Sambo, says the Electronic Cargo Tracking Note (E-CTN) scheme to be implemented by the Nigerian Shippers\u2019 Councill (NSC) will also be used to track oil export.<\/p>\n\n\n\n
Sambo said this when he paid a visit to the council in Lagos on Friday.<\/p>\n\n\n\n
He said that other departments of government had proposed to President Muhammadu Buhari to be allowed to track oil cargo.<\/p>\n\n\n\n
\u201cThe Federal Ministry of Transportation (FMOT) is the traditional role holder of cargo tracking; so, the FMOT is saddled with the responsibility through the NSC.<\/p>\n\n\n\n
\u201cWe should ensure that the confidence that Mr President placed in us is not displaced; so, you need to hit the ground running,\u201d he said.<\/p>\n\n\n\n
Sambo said that he was convinced that the NSC was ready, in terms of automation, for implementing the scheme.<\/p>\n\n\n\n
The minister listed some of the benefits of the e-CTN as improved port safety and national security, general real-time cargo statistics, generation of trade intelligence, facilitation of risk management and reduction of cost of doing business at ports.<\/p>\n\n\n\n
He said that over a period of 15 years, it would generate $1.35 billion and help Nigeria\u2019s indirect revenue of over N33.64 billion.<\/p>\n\n\n\n
The minister said that NSC would be encouraged to continue to play its roles in the maritime sector.<\/p>\n\n\n\n
Sambo said that he was satisfied with the achievements recorded by the council.<\/p>\n\n\n\n
He urged the council to move to other designated areas within the next three months, with regard to inland dry ports, adding that it should tackle any challenges.<\/p>\n\n\n\n
According to the minister, inland dry ports would be more beneficial when rail line are working.<\/p>\n\n\n\n
He urged the council to liaise with the Nigerian Railway Corporation in that regard.<\/p>\n\n\n\n
Earlier, Mr Rotimi Anifowoshe, Director, Corporate and Strategic Planning, NSC, while listing the achievements of the council, said that it was pursuing its vision for a port and transport order.<\/p>\n\n\n\n
He said that the order would ensure that Nigeria\u2019s maritime sector would remain efficient, transparent, competitive, inclusive and sustainable as well as be the hub in West and Central Africa.<\/p>\n\n\n\n
\u201cThe council has achieved progressive cost recovery in billions of naira due to the activities of the Port Standing Task Team (PSTT).<\/p>\n\n\n\n
\u201cThe PSTT has saved the country an average vessel demurrage of $20,000 per day from 2021 to 2022 which ultimately translates to the sum of $13,350,000 which is over N5.4 billion.<\/p>\n\n\n\n
\u201cThere is an improvement in the number of containers examined daily, from an average of 120 in the past, to 230 containers at present.<\/p>\n\n\n\n
\u201cDue to the activities of the PSTT, Nigerian ports have become more transparent, predictable and consistent in line with international best practices,\u201d he said.<\/p>\n\n\n\n
NSC was established by Decree 14 of 1978, now Nigerian Shippers Council Act, cap N133 Laws of the Federation of Nigeria, 2004.<\/p>\n\n\n\n
It was appointed the Port Economic Regulator in February 2014.<\/p>\n\n\n
The Minister of Transportation, Mr Mu\u2019azu Sambo, says the Electronic Cargo Tracking Note (E-CTN) scheme to be implemented by the Nigerian Shippers\u2019 Councill (NSC) will also be used to track oil export. Sambo said this when he paid a visit to the council in Lagos on Friday. He said that other departments of government had […]<\/p>\n","protected":false},"author":2,"featured_media":1270,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[949],"tags":[1776],"class_list":["post-48637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-cargp","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n