Nigeria has decided to reclaim 1.09 million tonnes or 36.3 per cent of Niger Republic’s three million tonnes of transit cargoes lost to Cotonou Port, Benin Republic.
This is after it had lost 45 million tonnes of the goods to it competitors in the last 14 years. Transit cargoes are consignments going to landlocked countries from the seaports of other landlocked countries.
The Shippers’ Association Lagos State (SALS) had also said that the country was losing N1trillion to neighbouring ports annually over inability to move transit cargoes to landlocked countries.
Findings by New Telegraph revealed that Nigeria had been losing three million tonnes of transit cargoes annually since 2006 till date due to high charges, lengthy cargo dwell time and poor infrastructure…
More details through:
Leave a Reply.
News Archive from before July 2018