shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Badagry Chamber Seeks FG’s Intervention In Benin Republic – Nigerian Businesses Spat

Badagry Chamber Seeks FG’s Intervention In Benin Republic – Nigerian Businesses Spat

by Ade
September 9, 2021
in Featured, News

The Badagry Chamber of Commerce, Industry, Mines and Agriculture (BACCIMA) has urged the Federal Government to intervene over the trans-border regulations enacted by Benin Republic Government on importation and exportation activities on its territory.

Fatai Shokunbi (Alhaji)

The President of the Chamber, Alhaji Fatai Shokunbi made the appeal in a statement on Wednesday, in Badagry, saying that the trans-border trade registration was affecting the business relationship between the two countries.

He observed that the ECOWAS Trade Liberalisation scheme had no effect on the business relationship between the two countries as Benin Republic had imposed a huge levy on imports and exports transiting the country to Nigeria.

“Benin Republic’s action is undermining the ECOWAS Trade Liberalisation Scheme (ETLS) aimed at ensuring free movement of originating products without the payment of custom duties and taxes of equivalent effect on importation into ECOWAS Member States.

“The Benin Republic regulation, which imposes the payment of a sum of N9 million on importation and N6.5million on exportation, through the country to Nigeria and other countries, is a negation of the ETLS as a result of the huge disparity in their dealings with other countries.

“Also, the action of the country to collect a fee of ₦1,250,000 for a 24 ft trailer and ₦1.7m for 40 ft trailer on third-party importation through the country to Nigeria is wrong.

“This is contrary to the ₦400,000 to Niger Republic on the same category of importation. The act is unfriendly to business relationship between both countries,” he said.

Shokunbi said that the regulation was also affecting the landing cost at the border in Nigeria comparable to Apapa port and others.

According to him, the hike in duties imposed on third-party transits had adverse implications for Nigerian businesses.

“The presence of multiple and often times illegal security checkpoints on the Lagos-Badagry expressway, leading to and from the Seme Border with Benin Republic, is another militating factor on business activities in the region.

“This unhealthy development has consequential effect on the free-flow of business activities, especially in the border communities.

Read Also:  Customs Investigate Alleged Shooting Of Katsina Commissioner’s Motorcade

“The Federal Government is, therefore, implored to wade into the matter to salvage the plight of the business community, especially the people at the border areas, from the looming danger that the trade regulations pose on business relations between both countries.

“Furthermore, we are imploring the FG, especially the Inspector General of Police to take drastic measures in curbing the excesses of police officers who mount unauthorized road blocks on the highway, especially from Agbara to Seme section of the Lagos-Badagry expressway.

“This will curb unwanted delays usually caused in the transportation of products through the expressway.

“Also, since there is a lift on the border closure; we urge the Federal Government to reconsider allowing the importation of cars into the country through the Seme border.

“This will help to create employment for the youths; discourage youth restiveness in the border areas, as well as generate income for the country, while reducing smuggling,” Shokunbi said.

shippingposition

Kindly like us on Facebook


Tags: BACCIMA

Related Posts

NPA Assures FG Of Concluding Renewal Of Port Concession In 45 Days

NPA Assures FG Of Concluding Renewal Of Port Concession In 45 Days

August 13, 2022
Minister Lauds SIFAX Group, Pledges FG Support

Minister Lauds SIFAX Group, Pledges FG Support

August 13, 2022
Customs Collects N1.293trn Revenue In Six Months – Official

Customs Collects N1.293trn Revenue In Six Months – Official

August 13, 2022
Navy Hands Over 11 Crew Members, Trawler To Fishery Agency In Bayelsa

Navy Hands Over 11 Crew Members, Trawler To Fishery Agency In Bayelsa

August 13, 2022

Discussion about this post

Latest News

NPA Assures FG Of Concluding Renewal Of Port Concession In 45 Days

NPA Assures FG Of Concluding Renewal Of Port Concession In 45 Days

August 13, 2022

Minister Lauds SIFAX Group, Pledges FG Support

Customs Collects N1.293trn Revenue In Six Months – Official

Navy Hands Over 11 Crew Members, Trawler To Fishery Agency In Bayelsa

NEPC Urges Exporters To Utilise Bank Interventions For Exports

NNPC Ltd Launches Crude Theft Monitoring Applications

Cargo Airport Will Showcase Ekiti To The World – House Of Assembly

Vessel To Collect First Humanitarian Wheat Shipment Under Ukraine Grain Deal – UN

VESSELS EXPECTED AT LAGOS PORT AS AT SATURDAY 13, AUGUST 2022

FG To Begin Products’ Certification Before Export

SON Inaugurates Committee To Promote Best Education Practices

Troops Apprehend 10 Pipeline Vandals, 2 High Profile Sea Pirates

kindly like our Facebook page

Health

Early Detection Of Heart-Related Diseases Crucial To Preventing Sudden Death — Cardiologist
Health

Early Detection Of Heart-Related Diseases Crucial To Preventing Sudden Death — Cardiologist

August 8, 2022

An Interventional Cardiologist and the founder of Heart Diseases Prevention and Training Centre, Nsukka, Dr. Camellus Ezeugwu, says detecting heart-related...

Monkeypox: WHO Advocates Global Investment In Vaccine As 70 Countries Affected

Monkeypox: WHO Advocates Global Investment In Vaccine As 70 Countries Affected

August 8, 2022
NIMR investigates Covid-19 vaccine effectiveness, side effects among Nigerians

NIMR investigates Covid-19 vaccine effectiveness, side effects among Nigerians

August 1, 2022
COVID-19: Fifth Wave Looms As Nigeria Records Three Deaths In One Week

COVID-19: Fifth Wave Looms As Nigeria Records Three Deaths In One Week

August 1, 2022
Reduce Sex Partners To Prevent Monkeypox, WHO Urges Men At Risk

Reduce Sex Partners To Prevent Monkeypox, WHO Urges Men At Risk

August 1, 2022
Researchers Caution Against Adding Salt To Foods, Say It Can Reduce Life Expectancy, Cause Death

Researchers Caution Against Adding Salt To Foods, Say It Can Reduce Life Expectancy, Cause Death

August 1, 2022
WHO Advocates Right Strategies To Stop Monkeypox Outbreak

WHO Advocates Right Strategies To Stop Monkeypox Outbreak

August 1, 2022
Over 25m Nigerians Fully Vaccinated Against COVID-19 In 36 States, FCT, Says NPHCDA

Over 25m Nigerians Fully Vaccinated Against COVID-19 In 36 States, FCT, Says NPHCDA

July 25, 2022
Study Reveals Blood Thickness Could Increase Risk Of COVID-19 Complications, Death

Study Reveals Blood Thickness Could Increase Risk Of COVID-19 Complications, Death

July 25, 2022
Nigerian At Risk Of Marburg virus disease – NCDC Warns

Nigerian At Risk Of Marburg virus disease – NCDC Warns

July 25, 2022
Doctors Warn Against Excessive Herbal Products Intake

Doctors Warn Against Excessive Herbal Products Intake

July 25, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition