Would you like to receive notifications on latest updates of the following headlines?

FG Commits to Making Nigeria an Investment Hub

POSTED ON May 28, 2024 •   Business      BY Abiodun Saheed Omodara
President Bola Ahmed Tinubu l Credit:@officialABAT

The Nigerian Shippers’ Council (NSC) announced that the federal government is dedicated to transforming Nigeria into an investment hub within the continent. 
This statement was made by the executive secretary, Pius  Kutah, during a two-day working visit to Port Harcourt and Onne Ports with the agency’s management team.
RocketparrotNews learned that the visit gave the Council’s boss the opportunity to inspect the BUA Port Terminal at Rivers Port; Onne Multipurpose Terminal and West Africa Container Terminal (WACT), in Rivers State.
Akutah, also reiterated that the agency is working assiduously to actualise the federal government's marching order to diversify the nation’s economy from oil to the non-oil sector.
“The federal government is committed to creating an enabling environment for investors in the country, as such the need to constantly visit the ports and engage the stakeholders in trade facilitation which is in line with Mr President’s vision on Ease of Doing Business,” the Shippers’ Council boss stated.
Akutah said the federal government is committed to making Nigeria an investment hub for investors in the country, pointing out that the issue of rail connectivity will help to reduce the cost of haulage transportation.
He said the essence of the visit was to have an on-the-spot assessment of the facilities of the terminal operators.
According to him, NSC as Port Economic Regulator is working with Nigerian Ports Authority (NPA) on port automation to reduce human contacts and to make clearance of cargo procedures and processes seamless.
The Council’s boss also said that the NSC is advocating for the bill which would transform the agency into the Nigerian  Shipping and Port Economic Regulatory Agency
After the tours of the ports and terminals, Barr. Akutah also had an interactive session with major stakeholders operating at the Eastern Ports.
Speaking with the stakeholders, the ES  said the essence of the interactive session with stakeholders was to listen to the challenges that are facing their business to proffer solutions to them.
He harped on the benefit of stakeholders’ engagement and promised to ensure the continuity of its collaboration with stakeholders operating at the ports.
Akutah said the federal government is committed to creating an enabling environment for businesses to strive by addressing decayed infrastructure at the ports.
He promised that the Eastern ports would not be left out in the FG’s effort to address the decaying infrastructure.

0
READ ALSO
South Africa Surpasses Nigeria in Fuel Imports Amid Dangote Refinery Operations
BY Abiodun Saheed Omodara May 29, 2025 0

Nigeria has lost its long-standing title as Africa’s largest importer of refined petroleum pro...

READ ALSO
Economists Warn of Debt Sustainability Risks as Nigeria Eyes $24.14 Billion in Foreign Loans
BY Abiodun Saheed Omodara May 28, 2025 0

Nigeria's public debt is poised for another substantial increase as President Bola Tinubu has sought...

READ ALSO
Nigeria's Solid Minerals Sector Attracts Over $800 Million in Investments Amid Policy Shift
BY Abiodun Saheed Omodara May 25, 2025 0

The Minister of Solid Minerals Development,Dr Dele Alake announced that Nigeria attracted over $800...

READ ALSO
SNEPCo Urges Indigenous Firms to Enhance Skills for Future Opportunities
BY Abiodun Saheed Omodara May 23, 2025 0

The Shell Nigeria Exploration and Production Company Limited (SNEPCo) has urged Nigerian firms to st...

READ ALSO
JUST IN: Dangote refinery slashes petrol prices by N15 nationwide
BY Abiodun Saheed Omodara May 22, 2025 0

LAGOS, Nigeria — The Dangote Petroleum Refinery recently announced a reduction in the pump pri...

READ ALSO
Sanwo-Olu Advocates for Innovation, Accountability in Economic Policies
BY Abiodun Saheed Omodara May 22, 2025 0

LAGOS, Nigeria - Lagos State Governor Babajide Sanwo-Olu has stated that Nigeria must hasten its pro...

READ ALSO
CBN's Rigid Monetary Policies Threaten Nigeria's Industrialization Efforts
BY Abiodun Saheed Omodara May 22, 2025 0

With the Central Bank of Nigeria (CBN) keeping the benchmark interest rate at 27.5 percent, local ma...

READ ALSO
FG to Auction 753 Housing Units Recovered from Ex-CBN Governor Emefiele
BY Abiodun Saheed Omodara May 20, 2025 0

ABUJA, Nigeria - The Federal Government has declared its intention to sell 753 housing units that we...

OUR CHANNELS:

Enugu Proposes Bill to Curb Criminal Activities Linked to Traditional Practitioners
BY Abiodun Saheed Omodara June 6, 2025 0

ENUGU, Nigeria - Enugu State Governor Peter Mbah has proposed an Executive Bill to the Enugu State H...


Bill Gates Advocates for Improved Health Care in Nigeria Amid Budget Constraints
BY Abiodun Saheed Omodara June 6, 2025 0

US billionaire Bill Gates, who chairs the Gates Foundation, expressed that Nigeria’s health bu...


Controller General Issues Urgent Security Directive for Correctional Facilities
BY Abiodun Saheed Omodara June 6, 2025 0

The Controller General of Corrections, Sylvester Nwakuche, has issued a strict order to all Zonal Co...


NEMA Mobilizes Teams to 15 States Amid Flood Warnings
BY Abiodun Saheed Omodara June 5, 2025 0

The National Emergency Management Agency (NEMA) has sent officials to 15 high-risk states to educate...


Edo Faces Diphtheria Outbreak, Two Confirmed Deaths
BY Abiodun Saheed Omodara June 5, 2025 0

EDO, Nigeria (NAN) - A diphtheria outbreak has been confirmed in Edo State, resulting in two deaths....


Tinubu Honors Bill Gates with National Award for Global Philanthropy
BY Abiodun Saheed Omodara June 5, 2025 0

LAGOS, Nigeria - President Bola Tinubu commended Bill Gates, the co-founder of Microsoft and chairma...


Bahrain, Colombia, DRC, Latvia, and Liberia Join UN Security Council for 2026-2027 Term
BY Abiodun Saheed Omodara June 5, 2025 0

The UN General Assembly on Tuesday elected five new non-permanent members to the UN Security Council...


Tinubu Orders Urgent Repairs on Flood-Damaged Bridge in Mokwa
BY Abiodun Saheed Omodara June 5, 2025 0

NIGER, Nigeria (NAN)- President Bola Tinubu has instructed the Federal Ministry of Works to repair t...


Nigeria Needs ₦2.2 Trillion to Eliminate Cervical Cancer by 2030, Says Task Force Chair
BY Abiodun Saheed Omodara June 5, 2025 0

ABUJA, Nigeria — Nigeria will need ₦2.2 trillion to roll out comprehensive cervical cancer ini...


EFCC Charges Two Men for Posing as Fake Sureties in Illegal Mining Case
BY Abiodun Saheed Omodara June 4, 2025 0

The Economic and Financial Crimes Commission (EFCC) has charged two individuals, Shehu Abdu and Isah...


More Articles

Load more...

Menu