… Targets 1% freight stabilization fee to find 2025 budget
The Executive Secretary of Nigerian Shippers’ Council, NSC, Pius Akutah, has stated that the Council under the guardiance of the Marine and Blue Economy Ministry, will commence implementation of the International Cargo Tracking Note, ICTN by the second quarter of the year.
Akutah also disclosed that the Council’s 2025 budget will be anchored on the one per cent freight stabilization fee based on provisions in its current law.
The Shippers’ Council boss also expressed optimism that the Council will soon transmute into the Nigerian Shipping and Ports Economic Regulatory Agency, NPERA.
He noted that contrary to believe that the implementation of the Freight Stabilization Fee would introduce additional costs at the ports, he further stressed that the situation is akin to choosing what aspect of the Act to implement as the one per cent Freight Stabilization Fee was captured the Council’s 1978 Act.
His words: “Looking ahead, the Council’s 2025 budget is strategically anchored on the one per cent freight stabilization fee, with plans to commence its collection upon Presidential assent to the NPERA bill.
“Our focus during this retreat will revolve around four strategic priorities which include; strengthening stakeholder engagement to foster inclusivity and collaboration, promoting transparency and fairness through predictable regulatory policies, enhancing operational efficiency to prepare for a seamless transition to NPERA, and driving sustainability by aligning economic growth with environmental responsibility.”
Akutah, who was speaking at the Council’s 2025 Management Retreat in Ibadan, recently, stressed that the retreat is a value opportunity for the management to step back to reflect on achievements and plan for greater accomplishments.
Meanwhile, he added that under the guidance of the Federal Ministry of Marine and Blue Economy, the International Cargo Tracking Note, ICTN is scheduled for implementation in the second quarter of 2025, setting the stage for enhanced revenue generation and operational oversight.
“As the program outlines, each Directorate has a clearly defined role, emphasizing the hands-on approach required to implement NPERA successfully. Let us seize this opportunity to shape a future of innovation, excellence, and progress”, he posited.
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.
