Export-Bound Goods Worth N868b Stuck In Seaports

Export-Bound goods worth about N868 billion might be wasted at seaports, unless the Federal Government tackles obstacles inhibiting export trade. The Central Bank of Nigeria (CBN) had directed exporters to register with the Nigeria Export Proceeds (NXP) agency before exporting their goods. Some of them have failed to meet deadlines for registration and had their cargoes stuck at seaports.

Exporters have consistently appealed to CBN and other government agencies to liberalise the process to encourage struggling entrepreneurs.

Meanwhile, the Maritime Workers Union of Nigeria (MWUN) has threatened to embark on a three-day warning strike from today, December 9, over deplorable state of access roads to seaports in Lagos State.

The Shippers Association Lagos State (SALS) has appealed to the union to shelve the planned action considering the volume of export cargoes trapped in the ports.