By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
News Point247News Point247
Notification Show More
Latest News
Seme
Seme Customs Controller, Kaila Begins Familiarisation Visits to Sister Agencies
Customs
Shippers
Shippers’ Council Secures Presidential Approval to Implement ICTN
Maritime
Oyetola
Oyetola Credits Reforms for 160% Surge in Marine and Blue Economy Revenue
Economy
FRSC
FRSC Charges Newly-Promoted Officers to Uphold Responsibility
Transport
Anti-Corruption Group Hosts Seminar to Safeguard Nigeria’s National Single Window The Media Anti-Corruption Initiatives (MACI), in partnership with Hynek Media, will host a landmark one-day seminar aimed at strengthening the Federal Government’s flagship trade facilitation project, the National Single Window (NSW). The event is cheduled for Wednesday, April 15, 2026, at Rockview Hotel, Apapa GRA, Lagos, the seminar will carry the theme “National Single Window: Strategies to Avert Failure” and will convene policymakers, regulators, private sector leaders, and civil society actors to develop tamper-proof strategies for the project’s effective implementation. The NSW will seek to centralize import, export, and transit documentation, streamline processes, reduce duplication, and enhance transparency. Officials estimate the initiative could cut transaction costs by up to 25% while boosting government revenue by as much as 20%. Despite these potential benefits, experts warn that Nigeria’s history of reform failures highlights the need for strong safeguards to ensure success. According to a statement signed by Funso Olojo, Secretary of MACI, and Rev. John Iwori, Media/Publicity, the seminar will be chaired by Aare Hakeem Olanrewaju, Chairman of the Customs Consultative Committee, with Hon. Kingsley Igwe, Registrar of the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), serving as Co-Chairman. Other notable participants will include: Dr. Bashir Adewale Adeniyi MFR, Comptroller-General of the Nigeria Customs Service (Chief Guest of Honour) Mr. Tola Fakolade, Director, National Single Window (Special Guest of Honour) Dr. Abubakar Dantsoho, MD, Nigerian Ports Authority (NPA) Dr. Dayo Mobereola, DG, NIMASA Dr. Pius Akutah MON, ES, Nigerian Shippers Council (NSC) Alhaji Umar Yusuf Girei, Acting MD, NIWA Mrs. Adesuwa Ladoja, MD, Lagos Free Trade Zone Key sub-themes will focus on: Transparency in the Single Window Project as a Key to Sustainability Inter-Agency Rival-Free Collaboration for NSW Success The seminar will also feature insights from customs controllers, freight forwarders’ associations, indigenous terminal operators, and regulators, including perspectives on the Lagos Free Zone Green Channel initiative. Organizers say the event presents a rare opportunity to align government agencies, private operators, and civil society around a shared vision for a seamless trade ecosystem.
Business
Aa
  • Home
  • News
  • Maritime
  • Business
  • Politics
  • Society
  • Features
  • Transport
  • International
  • Opinion Article
  • Photo News
Reading: Transport Sector Can Fund Nigeria’s Budgetary Needs – Stakeholders
Share
Aa
News Point247News Point247
  • Home
  • News
  • Maritime
  • Business
  • Politics
  • Society
  • Features
  • Transport
  • International
  • Opinion Article
  • Photo News
Search
  • Home
  • News
  • Maritime
  • Business
  • Politics
  • Society
  • Features
  • Transport
  • International
  • Opinion Article
  • Photo News
Follow US
© News Point 247. All Rights Reserved | Site Developed by OutsourceNow.ng
News Point247 > News > Just In > Transport Sector Can Fund Nigeria’s Budgetary Needs – Stakeholders
Just In

Transport Sector Can Fund Nigeria’s Budgetary Needs – Stakeholders

Admin
Last updated: 2024/05/27 at 7:49 AM
2 years ago 5 Min Read
Share
5 Min Read
Screenshot
Screenshot
SHARE

Transport stakeholders have urged President Bola Tinubu, to give the sector a direction, by establishing a clear cut policy that would drive it.

The stakeholders said this in separate interviews with the News Agency of Nigeria, (NAN) in Lagos.

The advice was against the backdrop of assessment of the performance of the President Tinubu-led administration in the sector, in the last one year.

Dr Alban Igwe, member, United Nations Committee on Trade and Transport Location, noted that the transport sector was key to the economic development of any nation, adding that the degree of attention paid to it, would determine the growth of  the country.

According to Igwe, at present, it is difficult to measure the direction and the impact of interventions made in the transport sector, noting, however, that the reasons were not far fetched.w

- Advertisement -
Ad image

“The country doesn’t have a clear cut  direction for the transport sector, what is required for direction is a policy document, this will determine how and where we want to take the transport sector and our economy to,” he said.

Igwe also noted that the many interventions of government, like the Compressed Natural Gas (CNG), had no policy document to run on.

He, however, said that it would be wrong to say that the president had not done something.

According to him, a lot has been done, but the things done so far are not systemic enough, to enable the country record the kind of mileage needed in the sector.

“For example, he has done something on maritime, created the Marine and Blue Economy and Nigeria has extended her Exclusive Economic Zone from 200 to 350 nautical miles, so we have a vast maritime domain to operate.

“Then we have an air industry large enough to be the hub in Africa. Nigeria is a giant and should have an air hub.

These things are achievable if we have a clear policy document, to give direction.

“I expect the president to expedite action in creating a policy document that will tell exactly where we are going in the transport sector,” he said.

He urged the Federal Government to study countries like United Kingdom, noting that empirical evidence showed that its transport sector contributed 67.8 billion pounds (N132 trillion) in 2023.

“Now the budget of Nigeria in 2024 is N28.7 trillion. The contribution of transport alone in the UK is almost five times our budget.

“This means they if  we are well organised. There is a potential for the transport sector to fund our budget, if the directions are properly stated,” he said.

Dr Oluwasegun Musa, Chairman/Chief Consultant, Global Transport Policy (GTP), said that the Federal Government must work with the private sector the to make the transport sector effective.

Musa added that President Tinubu had put a lot of structures in place, that when implemented, would impact positively on the sector.

He, however, regretted that there was no political will to drive all the ideologies.

The Chairman pointed out that most of the ideas or concepts seen and read, were still in the pipeline, adding that this was not encouraging as such things in the pipeline could end up getting stuck.

Musa said that stakeholders in the transport sector need to see things on the drawing board, where all could assess, commend and criticize constructively, to bring the best out of it.

“In transportation, you need to engage the critical actors for you to achieve your projection and that, I noticed, the President has not been doing.

“I had expected that immediately he stepped into office, he will look at where the last administration stopped and what made that administration fail in the transport policy drive.

“The President needs to reactivate the conversation with the private sector. It is not easy for them to invest in things, jumpstart the process and government will remain aloof, without any form of encouragement,” he said.

According to him, the private sector is ready and willing to partner with government, to see that all the modes of transport are driven to success

You Might Also Like

NPA Moves to Deploy Port Community System as ETO Undergoes Review

Motoring World Marks 30 Years of Auto Resilience 

IWD 2026: CGC Adeniyi Hosts Surprise Appreciation Event for Customs Women

Conarina School of Maritime Technology Highlights Modern Facilities, Opens Admissions

US,Israel- Iran War Disrupts Air Cargo, Threatens Customs Revenue Drive

Share this Article
Facebook Twitter Email Print
Previous Article 65939abc Ff78 40e2 Ab38 55e5e737d1be Brain Drain: SIFAX Chairman Tasks Government To Review Health Workers Salary 
Next Article 1c2a48aa 424b 4c7b 9716 Bba491eb932f FRSC Harps On Inculcating Safety Culture In  Children

Trending

Seme
Seme Customs Controller, Kaila Begins Familiarisation Visits to Sister Agencies
Customs
Shippers
Shippers’ Council Secures Presidential Approval to Implement ICTN
Maritime
Oyetola
Oyetola Credits Reforms for 160% Surge in Marine and Blue Economy Revenue
Economy
FRSC
FRSC Charges Newly-Promoted Officers to Uphold Responsibility
Transport
Anti-Corruption Group Hosts Seminar to Safeguard Nigeria’s National Single Window The Media Anti-Corruption Initiatives (MACI), in partnership with Hynek Media, will host a landmark one-day seminar aimed at strengthening the Federal Government’s flagship trade facilitation project, the National Single Window (NSW). The event is cheduled for Wednesday, April 15, 2026, at Rockview Hotel, Apapa GRA, Lagos, the seminar will carry the theme “National Single Window: Strategies to Avert Failure” and will convene policymakers, regulators, private sector leaders, and civil society actors to develop tamper-proof strategies for the project’s effective implementation. The NSW will seek to centralize import, export, and transit documentation, streamline processes, reduce duplication, and enhance transparency. Officials estimate the initiative could cut transaction costs by up to 25% while boosting government revenue by as much as 20%. Despite these potential benefits, experts warn that Nigeria’s history of reform failures highlights the need for strong safeguards to ensure success. According to a statement signed by Funso Olojo, Secretary of MACI, and Rev. John Iwori, Media/Publicity, the seminar will be chaired by Aare Hakeem Olanrewaju, Chairman of the Customs Consultative Committee, with Hon. Kingsley Igwe, Registrar of the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), serving as Co-Chairman. Other notable participants will include: Dr. Bashir Adewale Adeniyi MFR, Comptroller-General of the Nigeria Customs Service (Chief Guest of Honour) Mr. Tola Fakolade, Director, National Single Window (Special Guest of Honour) Dr. Abubakar Dantsoho, MD, Nigerian Ports Authority (NPA) Dr. Dayo Mobereola, DG, NIMASA Dr. Pius Akutah MON, ES, Nigerian Shippers Council (NSC) Alhaji Umar Yusuf Girei, Acting MD, NIWA Mrs. Adesuwa Ladoja, MD, Lagos Free Trade Zone Key sub-themes will focus on: Transparency in the Single Window Project as a Key to Sustainability Inter-Agency Rival-Free Collaboration for NSW Success The seminar will also feature insights from customs controllers, freight forwarders’ associations, indigenous terminal operators, and regulators, including perspectives on the Lagos Free Zone Green Channel initiative. Organizers say the event presents a rare opportunity to align government agencies, private operators, and civil society around a shared vision for a seamless trade ecosystem.
Business
NPA Moves to Deploy Port Community System as ETO Undergoes Review
Just In
NLNG
Falade Assumes Leadership at NLNG, Succeeds Mshelbila
Oil & Gas
Customs
Nigeria Customs Foils Attempt to Smuggle 14,875 Litres of Petrol to Benin Republic
Customs
Motoring World
Motoring World Marks 30 Years of Auto Resilience 
Just In
News Point247News Point247

© News Point 247. All Rights Reserved | Site Developed by OutsourceNow.ng

  • Home
  • Privacy Policy
  • About Us

Removed from reading list

Undo
WhatsApp
Hello
Can we help you?
Open chat
Welcome Back!

Sign in to your account

Lost your password?