Published On: Fri, Feb 10th, 2017

Militants cited for reduced imports via Nigeria ports

Nigerian portsLAGOS, (CAJ News) – CHRONIC economic problems and recurring militancy have been blamed for the reduction in the number of vessels berthing at Nigerian ports.
According to data released by the National Bureau of Statistics (NBS), the ship traffic figures, drawn from the Nigerian Ports Authority, show a provisional figure of 4 025 vessels berthed at the various ports across the country last year.
When compared to 2015, the total number of vessels recorded last year represented a 26 percent decline year-on-year.
“This fall in import activities should be attributed to the current foreign illiquidity as well as insecurity in Nigeria’s coastal waters,” FBN Quest, the market watcher stated on Friday.
Outward cargoes from Delta port dropped by 51 percent to an estimated 1,9 million tonnesin 2016 from 2013, FBN stated.
“The port exports crude oil primarily and, given the recurrent pipeline vandalism, export volumes have plummeted.”
Meanwhile, at Apapa port outward cargoes surged by 54 percent over the same period to 1,3 million tonnes last year.
Nonetheless, the market watcher argued there was an over-reliance on Lagos ports.
“However, the evacuation of cargoes remains a major challenge, with other transportation links surrounding the port in poor condition.”
In an attempt to improve maritime trade as well as reduce the pressure
associated with transshipment cargo at Lagos ports, the construction of
the Ibom Deep Sea Port (IDSP) located in Akwa Ibom State is underway.
“Given its proximity to industrial and commercial centers in southern Nigeria, once operations commence, IDSP has the potential of becoming a dominant hub within the region,” the FBN entity said.
CAJ News

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