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Clearing agents claim that the nation could potentially have suffered a loss of more than N300bn due to the presence of 7445 overtime cargoes scattered throughout local ports.
Nigerian Ports Authority, in a statement, said of the 7,445 overtime cargoes, 3,200 were cars, while 3,295 were cargoes littering the country’s ports and terminals in Lagos, including Tincan, Apapa, Ikorodu, among others.
It added that the eastern port alone had 956 over-time cargoes.
NPA, while announcing the commencement of evacuation of overtime cargoes recently, said, “Over time, Lagos and Tincan Island Port complexes and the terminals, including Ikorodu Lighter Terminals have been occupied with 3,200 units of overtime cars and about 3,295 units of overtime containers, respectively, while the eastern ports have a combined total of 956 overtime containers.”
It also said that the situation was constraining the terminal’s strength.
However, analysing the cost implications of…
