Cargo throughput records lowest performance in 2018

By

Cargo throughput, excluding crude oil, at Nigerian ports, witnessed the lowest performance in 2018 with a total of 35.9m tonnes.
FPSO Vessel

This was against the 2014 figure where cargo throughput witnessed the highest climb with 84.9m tonnes.

According to the Maritime Industry Forecast for 2019-2020 released by the Nigerian Maritime Administration and Safety Agency, NIMASA, port usage has seen a decline in recent years.

Analysis of the figures released by NIMASA shows that while cargo throughput stood above 60m tonnes in 2008, the figure increased to about 65m in 2009. It climbed above 75m in 2010, increased to over 80m in 2011 but declined to about 70m in 2012. In 2013 it rose above 70m and peaked at 84.9m in 2014. From 2015, the figure declined to about 70m, also declined to about 60m in 2016, stood at about 60m in 2017 to finally fall to 30m tonnes in 2018.

NIMASA in its Maritime Industry Forecast stated, “Port usage nevertheless has seen a decline in recent years according to the Nigerian Ports Authority, NPA, which owns the eight ports complexes across the country. According to data sourced from the website of the Nigerian Ports Authority, while cargo throughput excluding crude oil rose to its highest point  in 2014 with 84.9mn tonnes, there has been a decline in preceding years with provisional data for 2018 standing at 35.9m tonnes (January to September)

“External factors remain the key reason for the decline experienced in Nigeria’s port usage. The volatile nature of international crude oil prices, led to a fall in the value of naira against other international currencies especially the dollar and, has also reduced domestic demand for imports. Likewise, imports ban on certain consumer goods – which was part of the government’s efforts to encourage domestic production and reduce the country’s trade deficit – has also had impact. These policies, including the ban on import on certain products, were intended to increase value addition and domestic production, and this is supported by the fact that ships calling into Nigerian ports typically leave empty, as was the case for 1.6m tones outward containerized cargo against 5.1m tonnes inward containerized cargo in 2018, according to the NPA.”

Source:https://samueljackson12.blogspot.com/2019/01/cargo-throughput-records-lowest.html

Comments

Post a Comment

Popular posts from this blog

Prostitution; Nigerian Women At Growing Risk From Human Traffickers In Germany.

By
Image
According to InfoMigrants, Nigerian women are at growing risk from traffickers in Germany who exploit and engage them in prostitution. Read the full report below by InfoMigrants. The new prostitute protection law in Germany was meant to identify victims of human trafficking – most of them migrant women. More than 18 months after the law came into effect, thousands continue to be targeted for exploitation, and the risk for Nigerian women seems to be increasing. There are campervans parked by the roadside. Some have hearts painted on them, one says “girls, girls” in red letters. It’s an easy matter for someone to stop for a quick transaction in one of these Love-Mobiles – sex with one of the “girls” in exchange for the going rate. Prostitution is mainly legal in Germany, as are these mobile brothels. But many of the women in the business – including those working from the Love-Mobiles – are victims of illegal human trafficking. Most of the women are from Eastern Europe or Nige...
Read more

FULL TEXT: A sacrifice for our new political order – Ezekwesili

By
Image
“When the ACPN leadership approached me in a series of visits to appeal that I run for office on their platform, the party appeared to be a good fit. It was founded by some disgruntled PDP members some years ago, but when its prime founder decided to return to the PDP, a core of its membership refused to move back with him. I was told that they stayed back because of their opposition to the ways of the PDP. Considering my vocal disapproval of the PDP and the APC, I admired the ACPN’s decision to stand firm and refusal to be co-opted.” It has been an interesting one week since I made the tough but necessary decision to suspend my campaign for the presidency. I have been truly overwhelmed by the reactions to my announcement from Nigerians. Even in airports outside the country as I travelled last week, Nigerians walked up to me with questions, concerns, encouragement, and motivation. I also saw disappointment by some who had poured their hearts and hopes into actualising our mission ...
Read more

Update On Slay Queen Who Was Stripped Naked And Tortured Over Missing Phone.

By
Image
The League of Patriotic Lawyers has given Edo State Commissioner of Police, Mr. Olusegun Odumosu, 24 hours to unravel those behind the torture and insertion of pepper into a girl’s private part in Benin City over alleged stealing of a mobile phone.  Chairman of the platform and former Student Union President of the University of Benin, Mr. Abubakar Yesufu, who said this in a statement yesterday, also urged the state Director, Department of State Services, DSS, to be involved in the investigation. A video of the incident, seen by Vanguard yesterday, showed the girl being stripped naked by a group of people, who inserted pepper into her private parts for allegedly stealing a phone. The unidentified girl was heard crying and saying she didn’t steal any phone, while she was being humiliated by the crowd. Yesufu said: “The League of Patriotic Lawyers has given the Edo State Commissioner of Police 24 hours to arrest and commence prosecution of all the street urchins behind thi...
Read more