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FOREX: Reps Direct NPA, NIMASA To Clarify Charges

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The House of Representatives Adhoc Committee on Review of Pump Price of Petrol last Friday directed the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA) to clarify their charges in foreign currency.
The Chairman of the Committee, Mr Raphael Igbokwe, gave the directive  during the committee’s visit to NPA and the Nigerian Maritime Administration and Safety Agency (NIMASA) headquarters in Lagos, Friday.
Igbokwe said representatives of both organisations should be present at the Executive briefing in Abuja for clarification.
He said that operators of wet cargo had complained that inability to access dollars led to deals with had multiple effects on petroleum products.
According to him, there is need to justify why NPA and NIMASA charged most of their levies in dollars.
The Tide source reports that NPA charges are: Lease and Vessel Fees; payment for Cargo and Shipping Dues; payment for Provisional Bill and Concession Fees; and payment for Pilotage and Royalties.
Reports says that NIMASA charges 3 per cent freight bench mark.
Igbokwe said that among the challenges faced by the shipping companies was that Nigerian waters were not deep enough to accommodate bigger vessels which had room outside the country
He said that inability of NPA to create room for mother vessels to berth petroleum products had lead to midstream discharge, illegal bunkering and malpractices which gave room for some operators to be short-changing the government.
“There was need for NIMASA to improve on security of Nigerian waterways to enable more vessels and bigger ones to berth at the port,’’ Igbokwe said.
He said if bigger vessels containing petroleum products berth at the ports, this  would stop operators of ship- to-ship discharge; and not discharging accurate quantity to the supplier or marketers in the supply chain.
“We are looking at NIMASA and NPA to reconcile some charges they made in dollars; to stop the increase in price of dollars as well as offshore discharge.
“From our findings, petroleum products operators disclosed that 80 per cent of vessels bringing petrol engaged in offshore discharge before bringing the products it into our water with smaller vessels.
“The operators also said that the processing had created double charges for them which had cost effect on the consumers.
“The mandate bestowed on the committee is for us to brief Nigerians time to time on how their resources are being managed, ‘’ Igbokwe said.
The Managing Director of NPA, Ms Hadiza Usman, said that the authority was working hard to tackle finance and technical charges affecting the operations of petroleum products.
The Executive Director, Marine and Operations of NPA, Dr Sekonte Davis said there was a directive by the Federal Government through the Minister of Transportation to grant 50 per cent rebate since 2009.
Davis said that the rebate was revived in 2016 when the Federal Government removed subsidy from petroleum products.
He said that NPA subsidised N3.5 billion between 2009 to 2016.
According to him the rebate had affected operations of NPA during those periods under review.
Sekonte said that dredging took almost 70 per cent of the authority’s expenditure which was done by International companies to enable constant dredging of the ports.
“NPA is partnering with international companies such as the Lagos Channel Management, Bonny Channel Company and Calabar Channel Management.
“The dredging company provides technology while NPA provides money to carry out the dredging operations on Nigerian Ports.
“There is a limitation on dredging the Nigerian Ports which could only accommodate 13 metres to avoid environmental hazards.
“The establishment of deep seaports would enable mother vessels to berth into Nigerian ports.
He said that the present management of the authority had deemed it fit to engage in continuous collaboration with all stakeholders to enable more vessels to visit Nigerian ports.
The executive director said NPA gives 30 per cent rebate to Ship To Ship operation adding that both their dollars and naira charges goes into Single Treasury’s Account (TSA) of the Federal Government.
He said that NPA would collaborate with other agencies to arrive at an appropriate calculation to determine NPA charges to make Nigerian ports a preferred destination and accessible for wet cargos.
Sekonte said that “shipping is an international business and brought into the country a lot of dollars.
“The authority pays all dues to international organisations on regulation control in dollars,’’ the executive director said..
He urged the Chief Economic Adviser to President to assist the authority to inform the Central Bank of Nigeria (CBN) to grant the shipping companies access to their dollars on Treasury Single Account (TSA) to reduce time of doing business.
In his response, the Director, Legal Services of NIMASA, Mr Suleiman Abdulsalam, representing the Director-General, Dr Dakuku Peterside, said the agency was saddled with the responsibility of ensuring safe and secured  shipping.
Peterside said that NIMASA engaged in some international obligations on Port State Control for safety of maritime environment.
He said that recently the agency apprehended a petroleum product vessel which was trying to divert from its initial destination from Nigeria to Durban and Philadelphia due to the surveillance system of the agency.

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USTR Criticises Nigeria’s Import Ban On Agriculture, Others

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The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the  Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.

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Expert Seeks Cooperative-Driven Investments In Agriculture 

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A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.

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NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers

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The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.

King Onunwor

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