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

Home » Port Task Team Saves N5.4bn In Vessel Demurrage

Port Task Team Saves N5.4bn In Vessel Demurrage

by Joshua
March 30, 2023
in Featured, News

The Port Standing Task Team (PSTT) has saved the nation’s economy the sum of N5.4 billion ($12,350) from an average vessels demurrage from 2021 to 2022.

The National Coordinator, PSTT, Mr Moses Fadipe, said this at the enlarged meeting of the Presidential Port Standing Task Team (PPSTT)  on Wednesday in Lagos.

Fadipe said that the amount represented an average of $20,000 per vessel demurrage per day.

He attributed the feat to the interventions of the PSTT in restoring order along the port corridors and ports logistics ring.

Fadipe noted that through the interventions of the PSTT, over 85 per cent of vessels that came through the nation’s ports and terminals left without incident in 2021.

“Some others are drastic reduction in incidences of extortions by both state and non-state actors, and freer movement of vehicles and persons along the ports’ logistics ring.

“Even though revenue generation is not the primary concern of the task team, deterrence through fine is one of the tools through which we are able to record our successes of “Operation Free the Port Corridors”.

“In the process, revenues to the tone of N1,023,000 have accrued to the Federal Government Treasury Single Account through fines,” he said.

Fadipe said that the activities of the task team was a positive barometer, showing the teams contribution to the actualisation of the objectives of Executive Order 1 on ease of doing business in Nigeria as enshrined through the Nigerian Port Process Manual (NPPM).

He, however, expressed optimism that the successes would be sustained with good strategies of consolidation aimed at surpassing the previous gains.

Fadipe pointed out that their achievements did not come without occasional hazards such as assaults on personal of the task team, which were carried out by private operators and high ranking government officials.

He noted that their operation was an offshoot of the implementation of the Nigerian Port Process Manual (NPPM) which successful implementation should change the corruption perception index by Transparency International about Nigeria.

On the issues of touting along the port corridor and other compliants, Fadipe assured the stakeholders that it would be addressed in less than 30 days starting from April 3.

“It is important to consciously partake in proffering effective and sustainable solutions in partnership like this. I am confident that today’s meeting which objective is to review activities in 2022 and strategise for 2023, will come up with strong resolutions going forward.

“Operation Free the Port Corridor is an action plan put in place by the collaborative efforts of the Federal Government agencies and private stakeholders in the port supported by the Federal Ministry of Transportation to rid the port corridors of impediments and corrupt practices.

“It was realised that stoppage of trucks along the port corridor constitute the biggest encumbrance to the free flow of traffic and this breeds extortion and corrupt practices,” he said.

Fadipe said that the Federal Ministry of Transportation had on April 14, 2022 flagged off the exercise to remove all illegal checkpoint and shanties along the port corridor to eliminate traffic gridlock and corrupt practices and impediments to ease of doing business.

“On strategies for the year, we will not dwell on challenges, we focus on the best we can do to achieve what we can within the resources in our disposals. This is the spirit that we will continue with,” he said.

Some of the stakeholders who commented during the meeting decried the activities of touts, non-state and state actors along the port corridor, urging the PSTT to look into it.

Commenting, Mr Mohammed Bala, from the Association of Maritime Truck Owners, while appreciating the efforts of the task team said that the extortion checkpoints that were removed had returned on the port corridor.

“The touts have technically crossed to the inbound section of the port access road and causing so much havoc there.

“Truckers are profusely bleeding due to the activities of these people. From Mile 2 down to Second Gate, these touts are littered there,” he said.

In his own contribution, Mr Aloga Ogogbo, the Executive Secretary, Nigerian Association of Road Transport Owners, said that the extortion was now taking place at odd hours.

Ogogbo urged the task team to extend their operations to cover the odd hours that the touts operate.

Responding to the issues raised, Mr Dennis Idoko, Head of Legal Department, Independent Corrupt Practices Commission, assured stakeholders that the commission would work within its power to meet the objectives of the team.

shippingposition

Kindly like us on Facebook/twitter


Related Posts

NSC Pushes Fast-Track Clearance of Power Project Cargo at Ports

NSC Pushes Fast-Track Clearance of Power Project Cargo at Ports

April 17, 2026
Oyetola Commissions NIMASA–UNILAG Institute of Maritime Studies Building, Reaffirms Commitment to Blue Economy Growth

Oyetola Commissions NIMASA–UNILAG Institute of Maritime Studies Building, Reaffirms Commitment to Blue Economy Growth

April 17, 2026
Maritime Sector Faces Priority Alignment Challenges – Centre The Sea Empowerment and Research Centre (SEREC) has raised concern over alleged policy misalignment and weak coordination in Nigeria’s maritime sector. It said the sector was at a critical crossroads, shaped not by limited capacity but by weak prioritisation discipline. SEREC made this known in a policy bulletin and presidential advisory memo made available to newsmen by its Head of Research, Mr Eugene Nweke, on Thursday in Abuja. Nweke said the sector had prioritised projects over systems, announcements over outcomes and revenue over value creation, describing the trend as a national economic risk. “Nigeria’s maritime sector has repeatedly prioritised visibility over viability, expansion over optimisation and announcements over execution. This has resulted to congestion in spite expansion, digitalisation without integration and revenue growth without efficiency gains,” he said. He said policy inconsistency and institutional fatigue had weakened the sector, resulting in reform fatigue and stakeholder distrust. According to him, Nigeria is losing economic momentum and regional relevance, with annual losses estimated at between N2.5 trillion and N4 trillion due to inefficiencies. He said with proper reforms, the sector could generate over one trillion in annual savings, recover between N500 billion and one trillion naira in revenue from cargo retention. The sector, he said, could unlock three billion to six billion dollars in export growth, with gains expected to boost jobs and GDP. Nweke said the sector had suffered from port expansion without adequate evacuation systems, poor connectivity and underperforming inland container depots. Several depots, he said, were licenced based on geographic considerations rather than economic demand, leaving many underutilised. He called for their conversion into export logistics hubs to support agro-export growth, cold-chain systems and structured export aggregation, critical for AfCFTA competitiveness. Nweke also warned against uncoordinated deep seaport development and fragmented digital trade reforms, noting that it could undermine smooth implementation of the National Single Window. He noted that to reposition the maritime sector, focus must shift from revenue obsession to trade efficiency, export competitiveness and cost reduction. According to him, Nigeria’s maritime system remains import-driven, with weak export infrastructure, poor logistics integration and limited export terminals. He said this had led to cargo diversion to neighbouring ports saying, ‘Nigeria is losing cargo not by geography but by inefficiency’. He stressed the need for a strong independent regulator to enforce global standards and curb tariff abuses, describing regulation as key to a functional port economy. Nweke urged proper implementation of the Cargo Tracking Note (CTN), warning it could fail without transparency and coordination. He said maritime reforms must prioritise system integration, measurable outcomes and coordination over fragmentation. “Nigeria is approaching a tipping point. It is either we fix our maritime system or continue to finance the efficiency of neighbouring economies,” he said.

Maritime Sector Faces Priority Alignment Challenges – Centre The Sea Empowerment and Research Centre (SEREC) has raised concern over alleged policy misalignment and weak coordination in Nigeria’s maritime sector. It said the sector was at a critical crossroads, shaped not by limited capacity but by weak prioritisation discipline. SEREC made this known in a policy bulletin and presidential advisory memo made available to newsmen by its Head of Research, Mr Eugene Nweke, on Thursday in Abuja. Nweke said the sector had prioritised projects over systems, announcements over outcomes and revenue over value creation, describing the trend as a national economic risk. “Nigeria’s maritime sector has repeatedly prioritised visibility over viability, expansion over optimisation and announcements over execution. This has resulted to congestion in spite expansion, digitalisation without integration and revenue growth without efficiency gains,” he said. He said policy inconsistency and institutional fatigue had weakened the sector, resulting in reform fatigue and stakeholder distrust. According to him, Nigeria is losing economic momentum and regional relevance, with annual losses estimated at between N2.5 trillion and N4 trillion due to inefficiencies. He said with proper reforms, the sector could generate over one trillion in annual savings, recover between N500 billion and one trillion naira in revenue from cargo retention. The sector, he said, could unlock three billion to six billion dollars in export growth, with gains expected to boost jobs and GDP. Nweke said the sector had suffered from port expansion without adequate evacuation systems, poor connectivity and underperforming inland container depots. Several depots, he said, were licenced based on geographic considerations rather than economic demand, leaving many underutilised. He called for their conversion into export logistics hubs to support agro-export growth, cold-chain systems and structured export aggregation, critical for AfCFTA competitiveness. Nweke also warned against uncoordinated deep seaport development and fragmented digital trade reforms, noting that it could undermine smooth implementation of the National Single Window. He noted that to reposition the maritime sector, focus must shift from revenue obsession to trade efficiency, export competitiveness and cost reduction. According to him, Nigeria’s maritime system remains import-driven, with weak export infrastructure, poor logistics integration and limited export terminals. He said this had led to cargo diversion to neighbouring ports saying, ‘Nigeria is losing cargo not by geography but by inefficiency’. He stressed the need for a strong independent regulator to enforce global standards and curb tariff abuses, describing regulation as key to a functional port economy. Nweke urged proper implementation of the Cargo Tracking Note (CTN), warning it could fail without transparency and coordination. He said maritime reforms must prioritise system integration, measurable outcomes and coordination over fragmentation. “Nigeria is approaching a tipping point. It is either we fix our maritime system or continue to finance the efficiency of neighbouring economies,” he said.

April 17, 2026
Reforms Drive Maritime Turnaround, Position Nigeria for Blue Economy Leadership — Dantsoho

Reforms Drive Maritime Turnaround, Position Nigeria for Blue Economy Leadership — Dantsoho

April 16, 2026

Latest News

NSC Pushes Fast-Track Clearance of Power Project Cargo at Ports

NSC Pushes Fast-Track Clearance of Power Project Cargo at Ports

April 17, 2026

Oyetola Commissions NIMASA–UNILAG Institute of Maritime Studies Building, Reaffirms Commitment to Blue Economy Growth

Maritime Sector Faces Priority Alignment Challenges – Centre The Sea Empowerment and Research Centre (SEREC) has raised concern over alleged policy misalignment and weak coordination in Nigeria’s maritime sector. It said the sector was at a critical crossroads, shaped not by limited capacity but by weak prioritisation discipline. SEREC made this known in a policy bulletin and presidential advisory memo made available to newsmen by its Head of Research, Mr Eugene Nweke, on Thursday in Abuja. Nweke said the sector had prioritised projects over systems, announcements over outcomes and revenue over value creation, describing the trend as a national economic risk. “Nigeria’s maritime sector has repeatedly prioritised visibility over viability, expansion over optimisation and announcements over execution. This has resulted to congestion in spite expansion, digitalisation without integration and revenue growth without efficiency gains,” he said. He said policy inconsistency and institutional fatigue had weakened the sector, resulting in reform fatigue and stakeholder distrust. According to him, Nigeria is losing economic momentum and regional relevance, with annual losses estimated at between N2.5 trillion and N4 trillion due to inefficiencies. He said with proper reforms, the sector could generate over one trillion in annual savings, recover between N500 billion and one trillion naira in revenue from cargo retention. The sector, he said, could unlock three billion to six billion dollars in export growth, with gains expected to boost jobs and GDP. Nweke said the sector had suffered from port expansion without adequate evacuation systems, poor connectivity and underperforming inland container depots. Several depots, he said, were licenced based on geographic considerations rather than economic demand, leaving many underutilised. He called for their conversion into export logistics hubs to support agro-export growth, cold-chain systems and structured export aggregation, critical for AfCFTA competitiveness. Nweke also warned against uncoordinated deep seaport development and fragmented digital trade reforms, noting that it could undermine smooth implementation of the National Single Window. He noted that to reposition the maritime sector, focus must shift from revenue obsession to trade efficiency, export competitiveness and cost reduction. According to him, Nigeria’s maritime system remains import-driven, with weak export infrastructure, poor logistics integration and limited export terminals. He said this had led to cargo diversion to neighbouring ports saying, ‘Nigeria is losing cargo not by geography but by inefficiency’. He stressed the need for a strong independent regulator to enforce global standards and curb tariff abuses, describing regulation as key to a functional port economy. Nweke urged proper implementation of the Cargo Tracking Note (CTN), warning it could fail without transparency and coordination. He said maritime reforms must prioritise system integration, measurable outcomes and coordination over fragmentation. “Nigeria is approaching a tipping point. It is either we fix our maritime system or continue to finance the efficiency of neighbouring economies,” he said.

Vessels Expected At Lagos Ports As At 17th April, 2026

Reforms Drive Maritime Turnaround, Position Nigeria for Blue Economy Leadership — Dantsoho

Tariff Hike: Freight Forwarders Demand Policy Review, Stronger Local Content Protection

Customs Boss Pledges Multimedia Centre, Radio Station For NIJ

MWUN, Maritime Unions Threaten Action Against Temile Over Workers’ Unionisation Dispute

NCS Seizes Smuggled Donkey Skin, PMS Worth N98.3 Million In Adamawa

Vessels Expected At Lagos Ports As At 16th April, 2026

NIJ Honours Customs CG Adeniyi with Fellowship, Announces Landmark Multimedia Centre Donation

NIMASA DG Commends NSDP Graduates As 34 Beneficiaries Obtain CoC

kindly like our Facebook page

Health

Sleep Deprivation Root Cause Of Many Disease – Says Physician
Health

Health Benefits Of Consuming Garden Egg

March 23, 2026

A great source of dietary fibre, minerals and vitamins, garden eggs are a welcomed addition to every meal. This fruit...

Sleep Deprivation Root Cause Of Many Disease – Says Physician

Sleep Deprivation Root Cause Of Many Disease – Says Physician

March 23, 2026
Report Finds Hypertension Affects Up To 40% Of Nigerian Adults In 2025

Stress Management: Psychiatrist Identifies Effective Coping Mechanisms

March 16, 2026
Report Finds Hypertension Affects Up To 40% Of Nigerian Adults In 2025

Report Finds Hypertension Affects Up To 40% Of Nigerian Adults In 2025

March 16, 2026
Lemons Are Among Fruits That Have The Highest Healing Powers Of Diseases On Earth

Lemons Are Among Fruits That Have The Highest Healing Powers Of Diseases On Earth

March 9, 2026
Nigeria Reports Higher Lassa Fever Death Rate

Nigeria Reports Higher Lassa Fever Death Rate

March 9, 2026
The Big Question: Can Diabetes Be Reversed?

Some Early Warning Signs of Diabetes That You Don’t Know, But Should

March 2, 2026
Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

Why Your Favourite Seasoning Cubes May Be Hurting Your Kidneys

February 23, 2026
SHOCKING: FIIRO Links High Rates of Organ Failure, Cardiovascular Diseases in Nigeria to Local Grinding Machines

SHOCKING: FIIRO Links High Rates of Organ Failure, Cardiovascular Diseases in Nigeria to Local Grinding Machines

February 23, 2026
MONDAY INTERVIEW: Oyebamiji Did Not See The Media As Adversaries, But As Partners In Development”—Minister Oyetola

DANGER: 11% Of Nigerians Have Kidney Disease – Experts

February 16, 2026

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Editorial 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