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Home » Nigeria Exporters Lose $10bn Annually To Apapa Gridlock    

Nigeria Exporters Lose $10bn Annually To Apapa Gridlock    

by Joshua
July 31, 2018
in Uncategorized

National President of Cashew Farmers Association of Nigeria; Mr Tola Faseru has said that exporters of agricultural produce and other goods are losing about 10 billion dollars annually to the Apapa gridlock challenge.

Faseru disclosed this in an interview in Abuja on Monday. He added that the development was affecting export delivery time.

Faseru, also a cashew exporter, said the challenge was also hindering exporters’ ability to fulfill commitments on time and making forwarding and shipment very expensive.

The president, who commended Federal Government’s efforts toward ensuring that normalcy returned to Apapa road in Lagos, appealed for stiffer measures to quicken the intervention and change.

“The Vice-President, Prof. Yemi Osinbajo came to give them matching order again on the Apapa gridlock.

“It is still a big problem affecting us and it is over one year now since this thing started and it is still on,’’ he said.

On plans to commence cashew processing in the country, he said the Minister of Agriculture and Rural Development, Chief AuduOgbeh had agreed to support the process.

“The minister is talking about bringing some equipment to aid cashew processors and use as pilot scheme to support cashew processing industry in Nigeria,’’ he said.

The president called on members and exporters of agricultural produce to work in unity and also support government’s initiatives that are geared toward making business environment friendly.

 


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