Maritime Technocrats, Economists Gathers For PortNews Summit 2024

Technocrats, Economists and other stateholders in the Nigerian maritime sector will on Wednesday, 4th of December at the maiden edition of PortNews Summit gather to deliberate on how Local Content has fared after privatisation of the ports sincer 2006.

The summit, which is scheduled to take place at the Rovkview Hotels Apapa, Lagos according to the organisers is themed, "Port Reforms and Local Content: Has Nigeria fared Well? is expected to pool a gathering of respected economists, ship moguls, respected maritime stakeholders, legal experts and longstanding maritime journalists.

The occasion will be chaired by former Minister of lnterior, Captain Emmanuel lhenacho, while the guest speakers will be the renowned economist and a former Director General of Lagos Chambers of Commerce and industries, Dr Muda Yusuf and the well known maritime legal luminary, Olisa Agbakoba, SAN. Governor of Lagos State, Babajide Sanwo-Olu will be the Chief Host. and the Special Guest of Honour is the Honourable Minister of Marine and Blue Economy, His Excellency, Adegboyega Oyetola.

In a statement released by the Publishers of PortNews, these experts are expected to critically examine, analyse and find answers and recipes to this all important question and ancillary teething problems.

Since the privatisation of the ports in 2006 by the Federal Government, what have been the fate, the performance indexes of the concessionaires who were entrusted our port terminals and other sensitive facilities with? Have the concessionaires, especially the foreign investors, added values to the system in terms of skills transfer, timeliness, increased ships and cargo volumes? Did the new order translate into more revenues for government and port users in general?

Do the recent steadily galloping customs revenues tantamount to an upwards swing in ship traffic and a growing Nigerian economy?

How do we juxtapose an incipient spectre of forlorn Nigerian freight forwarders and licensed customs agents with diminishing involvement alongside a Customs Service counting trillions of Naira as generated duties? Who remits these humongous sums to Customs? What's the real worth of these monies? Where are the cargoes?

These and many posers will be entertained by maritime technocrats, economists and well meaning guests at the Summit with an unflinching goal of improving standards and increasing productivity and profitability in the Nigerian maritime industry.

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