NPA in Renewed Efforts to Remove Bottlenecks on Export, Ensure Forex Inflows
Dantsoho
By Our Correspondent
The Nigerian Ports Authority (NPA) has embarked on strong measures to ensure that bottlenecks affecting non-oil exports in the country are removed.
Part of the measures include the move to expand export channels, improvement on cargo processing as well as boost foreign exchange inflows in the nation’s economy.
Speaking during the 21st Abuja International Trade Fair on the theme “Resilient Trade, Taxation, and the Economy,” the Managing Director of the NPA, Dr. Abubakar Dantsoho, said the organization is working on rehabilitating port infrastructure and extending maritime logistics into the hinterland so that exporters can access global markets efficiently.
Dantsoho said trade resilience requires efficient infrastructure, predictable fiscal frameworks followed by seamless supply chains.
The NPA boss who spoke on the NPA Special Day at the 21st Abuja International Trade Fair, organised by the Abuja Chamber of Commerce and Industry (ACCI), added that the nation’s economic resilience can no longer depend largely on imports and oil revenues.
According to him, there is the need to expand non-oil exports and integrate businesses in all parts of the country into global value chains for a sustainable economic growth.
Dantsoho said that the Federal Government recent policy on transfer of Inland Dry Port (IDP) management and development functions to the NPA will bring port efficiency closer to businesses operating far from the coastal ports.
He explained that this policy will particularly benefit exporters in the North and central Nigeria, including Abuja, in terms of reducing the need to transport raw commodities to coastal ports before clearance and documentation requirements can be completed.
Dantsoho added, “By bringing Inland Dry Ports under the operational purview of the NPA, exporters in northern and central Nigeria, including right here in Abuja, no longer need to move raw commodities to coastal ports before undergoing port clearance and documentation.”
The NPA MD disclosed that the orgnaisation has already introduced clear interventions that will remove bottlenecks suffered in non-oil exporters, such as the operationalisation of dedicated Export Processing Terminals.
The terminals, he said, will serve as one-stop centres where sorting, packaging, quality certification and customs documentation can be completed before export cargo is moved to the terminals.
According to him, such interventions have so far been supporting the growth of non-oil exports, in the areas of agricultural commodities and solid minerals, adding that this helps Nigerian producers meet international delivery schedules.
The Nigerian Ports Authority (NPA) has embarked on strong measures to ensure that bottlenecks affecting non-oil exports in the country are removed.
Part of the measures include the move to expand export channels, improvement on cargo processing as well as boost foreign exchange inflows in the nation’s economy.
Speaking during the 21st Abuja International Trade Fair on the theme “Resilient Trade, Taxation, and the Economy,” the Managing Director of the NPA, Dr. Abubakar Dantsoho, said the organization is working on rehabilitating port infrastructure and extending maritime logistics into the hinterland so that exporters can access global markets efficiently.
Dantsoho said trade resilience requires efficient infrastructure, predictable fiscal frameworks followed by seamless supply chains.
The NPA boss who spoke on the NPA Special Day at the 21st Abuja International Trade Fair, organised by the Abuja Chamber of Commerce and Industry (ACCI), added that the nation’s economic resilience can no longer depend largely on imports and oil revenues.
According to him, there is the need to expand non-oil exports and integrate businesses in all parts of the country into global value chains for a sustainable economic growth.
Dantsoho said that the Federal Government recent policy on transfer of Inland Dry Port (IDP) management and development functions to the NPA will bring port efficiency closer to businesses operating far from the coastal ports.
He explained that this policy will particularly benefit exporters in the North and central Nigeria, including Abuja, in terms of reducing the need to transport raw commodities to coastal ports before clearance and documentation requirements can be completed.
Dantsoho added, “By bringing Inland Dry Ports under the operational purview of the NPA, exporters in northern and central Nigeria, including right here in Abuja, no longer need to move raw commodities to coastal ports before undergoing port clearance and documentation.”
The NPA MD disclosed that the orgnaisation has already introduced clear interventions that will remove bottlenecks suffered in non-oil exporters, such as the operationalisation of dedicated Export Processing Terminals.
The terminals, he said, will serve as one-stop centres where sorting, packaging, quality certification and customs documentation can be completed before export cargo is moved to the terminals.
According to him, such interventions have so far been supporting the growth of non-oil exports, in the areas of agricultural commodities and solid minerals, adding that this helps Nigerian producers meet international delivery schedules.
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