News
Apapa Gridlock Traps 50,000 Tonnes Of Cashew Nuts Worth ₦108billion In Lagos Ports
Nigerian exporters have raised the alarm that cashew nuts valued at $300m (₦108billion) have been trapped at the Lagos Ports and called on the federal government to come to their aid by addressing the challenges of congestion and inefficiency at Lagos’ ports, which have affected exports.
The exporters said gridlock and inefficiency at the ports of Nigeria’s commercial hub, Lagos, delayed shipment of 50,000 tonnes of cashew nuts and is threatening this year’s output as traders are cash-strapped.
President of Nigeria Cashew Exporters Association, Tola Fasheru told Bloomberg.com that the fruits from last year’s harvest should have been exported by January.
He said:
“Instead, they are still in containers on trucks waiting to enter the ports or on wharves”
“Roads to Lagos ports are badly congested, with hundreds of lorries queuing to enter the premises and either deliver or pick goods. In addition, inadequate capacity and infrastructure, stifling red tape and corruption are hampering export processes”
“There is a palpable lack of synergy among the port operators and this is affecting the business of our members”
Also Read: European Union Wants All New Cars To Have Speed Limiters By 2022
Some members of the cashew association, he added, have defaulted on contracts to the extent that foreign buyers are now walking away from them.
He continued :
“They are no longer willing to give us fresh contracts,” said the group’s president. The delay is likely to affect the output target of 260,000 tonnes for the current season, which started in February and will end in July.
“Not one single cashew exporter is in the field now as he is owing on contracts and as a result has no money to operate with”
-
News5 days agoDrivers Of Mercedes Electric Cars Can Now Use Tesla Supercharger Network Across The U.S, Canada
-
News1 week agoHow Burna Boy’s Ferrari Purosangue Compares To Wizkid’s McLaren 750S In Terms Of Price, Performance
-
News6 days agoRolls-Royce Delivered 5,712 Cars To Clients In 2024, Celebrates A Record Year For Bespoke Models
-
News1 week agoVolvo Sold More Than 700,000 New Cars Globally Last Year
-
News6 days agoBYD’s YangWang U9 Supercar Skillfully Jumps Over Road Spikes, Potholes While Driving Itself (Video)
-
News1 week agoMazda Intensifies Its Electrification Plans With New Platform
-
News6 days agoNigerian Businessman Awa Ibraheem Turns Heads As He Arrives An Event In Mercedes-Maybach S-Class (S680)
-
News1 week agoThe Ford Mustang Recorded Worse Sales In Its 60 Year History
Akpes
March 30, 2019 at 20:07
Good for them, there is warri port rioting away, they feel everyone must pass through lagos. The Federal government must start operations in warri port to solve congestion problems at lagos port
Akpes
March 30, 2019 at 20:14
There is a port in the south where cashew nuts are being produced. But the federal government is allowing warri port to riot away. The only solution to this problem is start operations at warri port immediately.