PUNCH
Vehicle importation into the country has again worsened as the biggest roll-on-roll-off terminal in the country, Ports & Terminal Multipurpose Limited expects just 1,050 units of vehicles in 11 days, the daily shipping position of Tuesday has revealed.
The document obtained by the PUNCH showed that between October 16 and 27, a total of 1,050 used vehicles were expected to arrive at the terminal.
The sharp drop in import has been attributed to shortage of foreign exchange in Africa’s largest economy.
Daily Shipping Position is a document showing the vessels coming into the country, the name of the vessel, time of arrival, port of destination, and what the vessel is carrying.
Giving a breakdown of the imports, the document said that a total of 400 units of used vehicles came in on the 16th while 350 units of used vehicles are expected to arrive at the terminal on the 20th and 300 on the 27th of October.
The PUNCH reports that the acting Comptroller General of Customs, Adewale Adeniyi, during his recent visit to PTML, admitted there is a drop in vehicle importation adding that most imported used vehicles at the terminals are damaged.
He said, “We have walked around the whole of this terminal, you have seen the situation, we can see the direct effect on this particular terminal alone. So in terms of cargoes, we know that the volume is also going down by the day.”
