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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.

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