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”
-
News1 week agoOfficial Cars Used By Muhammadu Buhari During His Rule As Nigerian President, Military Head Of State
-
News6 days agoThe First In Africa : Davido Buys Customized Lamborghini Revuelto Sports Car Worth $1 Million
-
Car Facts1 week agoWhy “AMBULANCE” Is Spelled Backwards Like “ECNALUBMA” In The Front Of Emergency Vehicles
-
News1 week agoBank Fraud: Court Orders Final Forfeiture Of 9 Luxury Cars, ₦326.4m, $480,000 To FG
-
News4 days agoFashion Mogul, Seyi Vodi, Buys Rolls-Royce Cullinan Series II Worth N1.7b To Mark His 50th Birthday
-
News4 days agoMore Photos Of Locally-assembled M-Hero 917 Electric SUV That Is Set To Rule Nigerian Roads
-
News3 days ago“We Stripped VW Golf, Rebuilt It Into Prototype Patrol Vehicle” : Inventor Of Armored Ezugwu MRAP Vehicle Explains
-
News4 days agoSAGLEV Launches MHERO 917 Into Nigerian Market, Off-road Electric SUV Will Be Assembled Locally
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.