Nigerias ports drop in global rating
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this explains why there is so much congestion at the lagos port. if we must make the expected progress in our maritime sector all available resources must be accountably and prudently managed to meet the various demands for improved infrastructure he said2 the factors he said include alleged arbitrary increases in charges by terminal operators inefficient collection and accounting procedures and contract repetitions and payment of huge commissions to service providers compared to remittances to the federation account among others2 the investigative hearing was necessitated by seven maritime related motions on issues relating to guaranteed minimum tonnage at the nigeria ports extra budgetary spending and other financial improprieties by terminal operators and service providers engaged by the nigerian ports authority2 in this regard it has been observed that over the years the nigerian maritime industry has failed to attract the required local and foreign investment inflow that is proportionate to its contribution to both the nigerian and west african economy despite its great potential and enormous investment opportunities2 this is really not acceptable2 others are abandonment of dredging projects by companies so contracted even after allegedly receiving payments and alleged illegal disposal of lands and properties belonging to the nigerian ports authority and the national inland waterways authority of nigeria. nan2 others are abandonment of dredging projects by companies so contracted even after allegedly receiving payments and alleged illegal disposal of lands and properties belonging to the nigerian ports authority and the national inland waterways authority of nigeria1 dogara also commended the executive arm and particularly the managements in the maritime industry for their efforts to reposition the nigerian maritime industry for improved service delivery and enhanced contribution to economic growth1 according to him i must say that the maritime industry in nigeria is yet to attain the desired and expected status of becoming the hub for international freight and trade in west africa1