2023 Budget: Government plans 854.8 billion naira for pensions in 2023

Written by on October 10, 2022

There are indications that clearing processes at the nation’s major sea ports
may have worsened as major congestion is building up following increase in
incidences of container abandonment by importers.

The importers and clearing agents have put the market value of abandoned
cargoes at about N400 billion.

According to reports, findings revealed that while terminal operators have
slammed about 22.5 billion as rentals for the cargoes in their spaces in the
first nine months of this year, shipping companies’ demurrage charges is put
at N37.8billion during the same period.

Reports received added that the abandoned containers are now over 7,000,
which have already fallen into classification as over-time cargo and
accumulating huge demurrage.

The reports added that new containerized cargoes arriving at the port is
estimated at about 2,000 in the past one month.

Uploaded By: COMFORT SOLOMON


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