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Over 250bn Lost to Processing Delays, Charges on Agro-Exports – Lawmaker

Nigeria loses about N250 billion on agro-export to processing delays and exorbitant charges on cargo transport by freight agents, Senator Bala Ibn Na’Allah (Kebbi South) has said.

Na’Allah who sponsored the motion titled “The need to streamline Import and Export Cargo Processing in the Aviation Sector” noted that the losses translate to a ratio of 87:13 and continue to negatively impact the country’s economy.

The Senator further spotted about 16 sundry charges for goods coming in or going out of the country.

Meanwhile, the Nigerian Senate commenced proceedings to stop processing delays and exorbitant charges on cargo transport by freight agents in the country on Wednesday.

The decision was reached following consideration of the motion during a plenary session.

Rising under Orders 42 and 52 of the Senate Standing Rules, Na’Allah decried that loading 100 tons of cargo on aircraft costs around $35,000 in Nigeria, compared to Ghana, which cost just about $4000.

According to him, “This has caused substantial damage to the Federal Government’s efforts of stimulating Capital Inflow.

“Airlines involved in cargo transport have started avoiding Nigeria in view of the prohibitive charges,” he alarmed.

In its response, the Senate mandated the Joint Committees on Trade and Investment, Agriculture and Rural Development, and Aviation as well as Customs to invite stakeholders and freight agents on an acceptable template of processing Nigeria’s imports and exports.

The post Over 250bn Lost to Processing Delays, Charges on Agro-Exports – Lawmaker appeared first on AgroNigeria.

Sourced from Agro Nigeria

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