Close Menu
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
Trending
  • MARAN Raises Concerns Over Environmental, Health Conditions Around Industrial Facilities In Apapa, Tincan
  • Implementation Of The 846 System Of Valuation: Findings And Recommendations
  • How Nigeria, Africa Can Retain Wealth Generated Locally, Tackle Illicit Financial Flows
  • LASWA Kicks Off 2025 Waterways Safety Sensitisation Campaign, Distributes Life Jackets Across Lagos Jetties
  • Suspension Of The 846 Vehicle Valuation System And Urgent Need For A 90-Day Transitional Waiver
  • World Cassava Day: FMN Agro Collaborates FG On Drive For Cassava Industrialization
  • SON Congratulates Yahuza Ado Inuwa On His Appointment As Chairman, Standards Council
  • Nigerian Navy’s Maritime Institute Commences Executive Blue Economy Course For Media Practitioners
Prime Time Reporters
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
Prime Time Reporters
Home » APFFLON Identifies Commendable Aspects Of New Nigeria Shipping And Port Economic Regulatory Agency Bill
Business

APFFLON Identifies Commendable Aspects Of New Nigeria Shipping And Port Economic Regulatory Agency Bill

Saint AugustineBy Saint AugustineJuly 16, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

…Urges Legislators to expedite process

The Africa Association of Professional Freight Forwarders and Logistics of Nigeria, APFFLON has highlighted the clear tariff regulation, penalties for defaulters and licensing regime as commendable aspects of the new bill to replace Nigerian Shippers’ Council (NSC) Act.

The President of the Association, Mr. Frank Ogunojemite, made these observations in a press statement where he identified commendable aspects of the new Nigeria Shipping and Port Economic Regulatory Agency bill.

According to the group, the bill makes clear provisions for the agency to issue guidelines for operators to determine and publish charges and rates within the shipping sector.

“When you look at the shipping sector in Nigeria, one of the biggest challenges is the arbitrary increase in charges by operators without prior notification or consultation with regulators. The new bill takes care of that problem.

“Section 37, subsection 1 stipulates that: The Agency shall, to the exclusion of any other body or authority- (a) issue guidelines on determination and publication of tariff, rates, charges, and/or regulated services. (b) publish, periodically, tariffs, rates, and/or charges payable by regulated service users.”

The group also commended the clear penalties for defaulters spelt out in Section 37 sub section 2 which states that any person or service provider who publishes tariffs, fees, rates, or charges in contravention of this section, commits an offence.

“A first offender, upon conviction, in the case of clearing and forwarding agents, shipping agents, cargo consolidators, haulers, jetty operators, warehouse operators, logistics service providers other than shipping companies, seaport terminal operators, will be fined not less than N2,000,000.00 or imprisonment a term of not less than six months or both.”

“In the case of shipping companies, seaport terminal operators, inland dry port operators and any other regulated service provider, will be fined not less than N20,000,000.00 or imprisonment for a term of not less than two years or both.

“But, for any subsequent conviction, the offender shall be liable to a fine not less than twice the fines or imprisonment provided for the fist offence”, the statement read.

According to APFFLON, this portion of the bill, when enforced, will bring a new level of sanity, transparency and accountability in the shipping sector.

The group equally expressed delight that from the commencement of the bill, every regulated service provider would have to file its tariffs or range of tariffs to the regulator.

Noting the possibility of conflicts with other regulators in the maritime domain, APFFLON also expressed satisfaction with the provisions in Section 4 subsection 3 which states that in case of conflict between the agency and any other

legislation on the economic regulatory functions and powers of the Agency, the provisions of this Bill shall prevail.

The group, however, encouraged the legislators and other port stakeholders involved in the process to expedite the process for the benefit of the port industry and the nation at large.

Photo: Otunba Frank Ogunojemite, President of APFFLON.

Send your press invite, news, press releases/articles to augustinenwadinamuo@yahoo.com. Also, follow us on Twitter @PrimetimeRepor1 and on Facebook on facebook.com/primetimereporters or call the editor on 07030661526.

APFFLON Nigeria Shipping And Port Economic Regulatory Agency Bill Nigerian Shippers' Council Otunba Frank Ogunojemite
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleMARAN Invites Stakeholders To Its Q3 Breakfast Meeting On Trade facilitation
Next Article BOAN Congratulates, Welcomes New NPA Managing Director, Abubakar Dantsoho
Saint Augustine
  • Website
  • Facebook
  • X (Twitter)

Saint Augustine is a seasoned freelance journalist and the chief editor of Primetime Reporters.

Related Posts

How Nigeria, Africa Can Retain Wealth Generated Locally, Tackle Illicit Financial Flows

July 25, 2025

World Cassava Day: FMN Agro Collaborates FG On Drive For Cassava Industrialization

July 22, 2025

MAMAL 2025: MARAN Set To Expose Maritime Fraud In Gulf of Guinea

July 15, 2025
Leave A Reply Cancel Reply

Recent Posts

MARAN Raises Concerns Over Environmental, Health Conditions Around Industrial Facilities In Apapa, Tincan

July 28, 2025

Implementation Of The 846 System Of Valuation: Findings And Recommendations

July 28, 2025

How Nigeria, Africa Can Retain Wealth Generated Locally, Tackle Illicit Financial Flows

July 25, 2025

LASWA Kicks Off 2025 Waterways Safety Sensitisation Campaign, Distributes Life Jackets Across Lagos Jetties

July 25, 2025

Suspension Of The 846 Vehicle Valuation System And Urgent Need For A 90-Day Transitional Waiver

July 25, 2025
© 2025 Copyright Primetime Reporters.
  • Home
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.