• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, August 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Maritime Sector Revenue Can Surpass Oil, Terminal Operators Tell Federal Gov’t

by Leadership News and Yusuf Babalola
2 years ago
in News
revenue
Share on WhatsAppShare on FacebookShare on XTelegram

The Chairman of the Seaport Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, has stated that the nation’s maritime sector has the potential to surpass the oil and gas industry in revenue generation for the country if it receives priority attention.

Advertisement

Princess Haastrup expressed this view during a courtesy visit by the Executive Secretary of the Nigerian Shippers’ Council (NSC), Akutah Pius Ukeyima, in Lagos.

While reaffirming support for the establishment of the Federal Ministry of Marine and Blue Economy, she mentioned that the Federal Government’s goal to increase revenue from the maritime sector can only be achieved through “careful and strategic long-term planning.”

The STOAN Chairman also advocated for the passage of the National Transport Commission (NTC) Bill.

She explained that the proposed NTC would serve as an independent economic regulator in the transport industry, encompassing maritime, rail, aviation, and land transport.

RELATED

2023: INEC To Conduct Rerun, By-elections In 34 Constituencies

CVR: Registrants Ask INEC To Deploy More Personnel

40 seconds ago
Monarch Hails AbdulRazaq For Tackling Insecurity Headlong

Monarch Hails AbdulRazaq For Tackling Insecurity Headlong

19 minutes ago
ADVERTISEMENT

“It is expected to promote competitive market conduct and prevent the misuse of monopoly or non-transitory market power in the provision of transport services. It will also promote private sector participation in the provision of transport services and ensure that operators and users have equitable access to transport facilities, services, channels, and routes,” she stated.

She assured the Nigerian Shippers’ Council of her support for its transformation into the NTC once the NTC Bill is enacted.

“We support the NTC and the Nigerian Shippers’ Council’s transformation into the NTC to enable the Council to effectively protect the rights and interests of operators and consumers,” she declared.

ADVERTISEMENT

The STOAN Chairman highlighted that terminal operators at the nation’s seaports have overcome various challenges associated with cargo-handling operations through significant private sector investments in the terminals.

She noted that port concessionaires have enhanced the efficiency and productivity of the ports, reduced vessel waiting times, decreased the cost of doing business at the port, freed government resources for other vital sectors, increased government revenue generated through the seaports, and created jobs.

“Terminal operators, in collaboration with the Nigerian Ports Authority, have improved the state of the ports in terms of security, quay and yard infrastructure, productivity, and efficiency. The efficiency of our ports has improved multiple folds. Vessel waiting time has been eliminated, resulting in significant savings for importers and exporters. Government now generates revenue in trillions of Naira through tax authorities, Customs, NPA, and NIMASA as opposed to the few billions generated before the concession,” she said.

During the visit, the Shippers’ Council boss, Ukeyima, praised terminal operators for their investments at the port.

He stated that the visit provided insight into the operations of terminal operators and promised to foster collaboration with them and create an environment conducive to business at the seaports.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


SendShare10178Tweet6361Share
ADVERTISEMENT
Previous Post

JUST-IN: New Minimum Wage In Sight As VP Shettima Inaugurates Tripartite C’ttee

Next Post

Kidnappers Abduct Primary School Pupils In Ekiti

Leadership News and Yusuf Babalola

Leadership News and Yusuf Babalola

You May Like

2023: INEC To Conduct Rerun, By-elections In 34 Constituencies
News

CVR: Registrants Ask INEC To Deploy More Personnel

2025/08/28
Monarch Hails AbdulRazaq For Tackling Insecurity Headlong
News

Monarch Hails AbdulRazaq For Tackling Insecurity Headlong

2025/08/28
Ibas Tasks CAN On Peace, Stability Of Rivers
News

Political Parties Intensify Campaigns For Rivers LG Polls Amid Lawsuits

2025/08/28
Aiyedatiwa Launches Armed Forces Remembrance Day Emblem In Ondo
News

Governor Aiyedatiwa Seeks US Investment In Ondo’s Industrial Projects, Agribusiness

2025/08/28
Better Days Ahead, Makinde Assures Civil Servants
News

Oyo Govt Partners Chinese Firm To Boost Economy, Create 5,000 Jobs

2025/08/28
Drugs, Internet Influence, Worse Threats To Youths – Commissioner
News

Drugs, Internet Influence, Worse Threats To Youths – Commissioner

2025/08/28
Leadership Conference advertisement

LATEST

CVR: Registrants Ask INEC To Deploy More Personnel

Yobe PDP, APC Supporters Defect To ADC

Leadership Crisis Rocks Enugu APC

Monarch Hails AbdulRazaq For Tackling Insecurity Headlong

Political Parties Intensify Campaigns For Rivers LG Polls Amid Lawsuits

Governor Aiyedatiwa Seeks US Investment In Ondo’s Industrial Projects, Agribusiness

Oyo Govt Partners Chinese Firm To Boost Economy, Create 5,000 Jobs

Drugs, Internet Influence, Worse Threats To Youths – Commissioner

Take Advantage Of Govt Free Healthcare Programmes, Lawmaker Urges Ekiti People

Lagos Laments Environmental Impact Of Construction, Disaster Waste Challenges

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.