According to Emmanuel Jime, Executive Secretary/Chief Executive Officer of the Nigerian Shippers Council, NSC, the introduction of the Cargo Tracking Note, or CTN, won’t result in additional costs for Nigerian Shippers, Entrepreneurng Report.
The head of the Shippers Council revealed this while hosting a group from the Manufacturers Association of Nigeria (MAN), who came to voice their concerns about the anticipated higher costs associated with the implementation of CTN.
Jime added that the CTN’s deployment will lessen both the nation’s theft of crude oil and the proliferation of tiny and medium-sized weapons.
He claims that “the cost implications have been situated so as not to significantly harm the economy.
“However, it is within the rights of the Manufacturers Association of Nigeria, MAN, to ask questions and learn what might be anticipated about Cargo Tracking Notes.”
“The price will be really low, and let’s remember that this price has always included a shipping fee. It isn’t a novel concept. However, we need to consider how this would affect the Nigerian economy.”
“The proliferation of small guns in the nation has been one of the issues facing the port industry. Due to the lack of a mechanism like the CTN that would have allowed us to control the arrival of such shipments on our shores from the outset, some of this weaponry managed to make their way into the ports.”
Everyone wants to conduct business in a safe atmosphere, thus it makes more sense that we can secure ourselves using CTN. Enough crude has been taken from Nigeria to pay for the kind of infrastructure projects we want to see built there. The issue of the undervaluation of commodities is one that CTN can also help to solve.
These are a few of the balance elements that CTN will provide, he said. The most recent Vice President of MAN, John Aluya, spoke earlier and voiced concern about the potential for more costs, knowing that practically every new problem in the industry focuses on them.
“Almost every problem at the port has additional costs,” he said. The ports in Nigeria are already overburdened.”
The ultimate goal of manufacturers is to make Nigeria the center of manufacturing for the West African region; however, if our costs continue to rise, we will discourage landlocked nations from using our ports.
In conclusion, these additional fees are not directly covered by us. Because it would affect the ultimate prices of our products, it is the final consumer who pays.
Source: VanguardÂ
