• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, June 30, 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

‘Shippers’ Council 1978 Act Obsolete’

by Yusuf Babalola
8 months ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigerian Shippers Council (NSC), on Wednesday, said that the 1978 Act which the council currently operates under is obsolete and needs to be amended in order to align with its economic regulator’s role.
Speaking in Lagos when the Nigerian Maritime Law Association (NMLA) paid a courtesy visit to the Council, the executive secretary, Pius Akutah, disclosed that the Council has also saved Nigeria N6 billion from the application of Alternative Dispute Resolution (ADR) to shipping issues in the country.

Advertisement

According to Akutah, “we know that the NSC has a mandate to take care of the interests of shippers but over the years, the council has been operating under a 1978 law which set it up. You will agree with me that by 2024, we should all know that the law is obsolete and it’s not going to adequately provide for what the sector stands for at the moment.

“So, there is a need for us to look into that law and see what we can do to change the law and empower the agency to do more of what is required of it in this 21st century.

“Now, NSC has a bill before the National Assembly seeking to transmute into a regulatory agency by law. You are also aware that the agency at the moment is empowered by a presidential directive and a regulation for it to assume the duties of the Port Economic Regulator, which the agency has been carrying out.

“But the nitty gritty of what the Port Economic Regulator would do is not provided in that presidential order and the guidelines. So there is a need for us to have a legislation,” he stated

RELATED

Deploying AI Will Not Cause Job Loss In Nigeria – Expert

Expert Introduces Lightweight AI-based System For Early Aviation Failure Detection

7 hours ago
FirstBank Customers Get N93m In ‘Win Big Promo’

FirstBank Launches Facial Recognition On Mobile App

7 hours ago

“We have that legislation. It’s ongoing for some time now. Luckily for us, the House of Representatives has passed it. It’s before the Senate now,” he stated.

The Shippers’ Council boss, however, called for collaboration and support of the Marítime Law Association whenever the bill was eventually passed into law.

“Many areas of collaboration with the Nigerian Maritime Law Association will be very necessary and needed as soon as that law is passed into law and assented to by Mr. President. Like you said, we have an internal mechanism for Alternative Dispute Resolution (ADR), which, in effect, will look at the quantum of investments that is done in this sector. And for us to allow litigation to clamp down on investments, it will not all go well with the sector and ultimately with the economy.

“You can imagine when a ship is grounded for two months, you know what kind of damage it will cause to the economy. So we are looking at better ways of resolving maritime disputes through the ADR initiative.

So, we are open for further training and capacity building of our in-house men to engage properly in ADR procedures.

“This year alone, with the use of ADR on our compliance unit, we have saved this country over six billion naira. And we believe that with adequate training, capacity building, we may even do much more than that in the coming years.”

Speaking earlier, the President of NMLA, Funke Agbor, acknowledged the NSC for the tremendous support the association has received over the years.

Agbor, a Senior Advocate of Nigeria, commended Akutah’s commitment to ensuring fair competition, streamlining port operations and promoting alternative dispute resolution mechanisms in the industry.

She stated that the Council’s role had a transformative impact on the Marítime industry.

“We know that the Shippers’ Council has been an indispensable partner in advancing trade facilitation, protecting the interests of shippers and promoting efficiency across the Nigerian maritime logistics chain. Your commitment to ensuring fair competition, streamlining port operations and promoting alternative dispute resolution mechanisms has had a transformative impact on the industry.

“As the economic regulator for Nigerian port industry, the Shippers Council’s work aligns closely with the mission of the Nigerian Maritime Law Association which includes efforts to foster the development of maritime law and policy, promote fairness in maritime commerce, and support best practices in the industry.

“We have collaborated at many levels and we can see that there are still numerous opportunities to strengthen our collaboration with the Nigerian Shippers Council. Together, we can address key legal and regulatory challenges impacting maritime commerce, particularly in the areas of trade facilitation, dispute resolution, port governance, and compliance with the Nigerian Shippers Association rules.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Nigerian Shippers’ Council (NSC)
SendShareTweetShare
Previous Post

NIPC/ UNDP Train relevant Enugu State Govt Officials On NICPS To Improve The State’s Investment Climate.

Next Post

Police Collaborate With CJTF Combat Insecurity In FCT– CP

Yusuf Babalola

Yusuf Babalola

You May Like

Deploying AI Will Not Cause Job Loss In Nigeria – Expert
Business

Expert Introduces Lightweight AI-based System For Early Aviation Failure Detection

2025/06/30
FirstBank Customers Get N93m In ‘Win Big Promo’
Business

FirstBank Launches Facial Recognition On Mobile App

2025/06/30
Group To Drive Africa’s Tech-led Industrial Revolution, Offers Tips To Unlock $450bn Intra-African Trade
Business

Group To Drive Africa’s Tech-led Industrial Revolution, Offers Tips To Unlock $450bn Intra-African Trade

2025/06/30
Oilserv Targets December Completion Of 303km As AKK Pipeline Crosses River Niger
Business

Oilserv Targets December Completion Of 303km As AKK Pipeline Crosses River Niger

2025/06/30
Council Targets Accelerated Sugar Project Devt In 2025
Business

Poor Backward Integration Programme Performance To Cost Sugar Firms Import Quotas

2025/06/30
Bbb+ Rating
Business

TAJBank Sustains Industry Feat, Pays 3rd Dividend In 5 Years

2025/06/30
Leadership Conference advertisement

LATEST

APC Fixes July 24 For NEC Meeting To Pick New National Chairman

Armed Robber Dies After Failed Attack On Kano Household

Man Dies, Woman Rescued In Kano Well Accidents

YEIDEP Launches $2.5bn Global Donorship Drive To Empower Youths, Women

Bauchi Gov Donates N200m To Windstorm Victims

AGN Inaugurates National Secretariat, Unveils Plan For Creative Hub In FCT

Brand Launches AfroExchange, Holds Send-off For Bnxn, Others

Hong Kong To Raise Passport, Visa, Permit Fees

Nigerian Caregiver Sentenced For Abusing 88-yr-old Patient In UK

Panic As Bees Attack Worshippers At Central Mosque In Edo

© 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.