Skip to main content

Nigeria records N5tr non-oil exports

By Oluwakemi Dauda

 

More than N5 trillion non-oil export cargoes were ferried out of the country in the fourth quarter of last year.

The goods were shipped out of  Lagos ports and formed part of the total export goods valued at about N6 trillion.

Customs sources said some of the goods included cashew nuts, cocoa, soaps, textiles, noodles, sesame seeds, ginger, palm kernel, tiger nuts, hibiscus flower, zircon sand and other mineral resources that are valuable at the international market.

A source said 1,100 ships with over 30 million tonnes called at the port during the period.

Also, the statistics by the Foreign Trade Statistics (FTS) explained the bulk of export transactions was conducted through Lagos Port, 93.9 per cent of total exports. It was followed by Port Harcourt Port, which recorded N145.7billion or 4.6 per cent, Tin Can Island Port, N12.9 billion and Calabar Port, N844. 7 million

It also noted that water transport accounted for N3.18 trillion or 99.42  per cent of total exports, while air transport accounted for N15.7 billion or 0.49 per cent.

Also, road transport accounted for N2.8billion or 0.09 per cent.

On imports, FTI noted that water transport accounted for N5.3 trillion or 86 per cent of the value of total imports, while air transport accounted for goods valued at N788.6 billion or 13 per cent.

It added that Tin Can Island Port accounted for  N1.03 trillion or 17.4 per cent of goods ferried by ships,  while Port Harcourt handled N613.5billion or 10.35per cent, Kirikiri Lighter Terminal, N89.15billion; Warri Port, N72.44 billion and  Port Harcourt I, N148.7billion.

Also, data by the Nigeria Customs Service (NCS) revealed that it processed exports valued at N41.55 billion in Q1 2021.These included soaps, textiles, noodles and agricultural products such as cashew nuts, hibiscus, sesame seeds and other mineral resources.

Also, at  Onne Port, customs processed 207,749 metric tonnes of cargoes with free on board value of $70.84 million comprising cash crops.

The Nigerian Ports Authority (NPA), however, indicated that volumes of cargoes handled at the seaports dropped last year to 78.4 million metric tonnes last year from 80.2 million metric tonnes recorded in 2019, representing a decline of 2.24 per cent or 1.8 million tonnes.

It added that the ports recorded a decline in ship traffic, noting that total of 3,972 ships called in 2020 as against 4,251 in 2019. The drop was attributed the drop to the COVID-19 pandemic, which ravaged the global economy.

“In year 2020, the nation’s busiest port, Apapa Port received 632,148 Twenty Equivalent Units (TEUs) of container traffic compared to 668,672 TEUs received in 2019. For the nation’s second busiest port, Tin Can Island Port, 650,365 TEUs of containers arrived at the port in 2020 compared to 820,942 TEUs of containers in 2019. For Onne port, 266,109 TEUs of containers arrived in 2020 compared to 247,528 TEUs in 2019. In Rivers port, 91,971 TEUs of containers arrived in 2020 compared to 71,020 TEUs in 2019.

“At Calabar port, 1,561TEUs of containers arrived in 2020 compared to 174 in 2019. Delta port suffered a dip in container traffic in 2020 with 1,224 TEUs compared to the 6,827 TEUs it recorded in 2019. In total, the number of container traffic that came to Nigerian ports was 1,643,378 TEUs compared to the 1,815,163 TEUs received in 2019,” the NPA report stated.

Also, the NPA explained that 1,127 ships called Tin Can Port  in 2020, while 1,311 vessels called in 2019.

All the ports received 3,972 ships with a Gross Registered Tonnage (GRT) of 125.13million compared to the 4,251 ships that called in 2019 with a gross tonnage of 138.57million.

 



from Latest Nigeria News, Nigerian Newspapers, Politics https://ift.tt/3yNhepX
via IFTTT

Labels

Labels:

Comments

Post a Comment

We're glad you want to comment, kindly avoid spamming the page, thanks

Popular posts from this blog

Edo Museum of West African Art

The Benin Kingdom is known for its arts, many of which are scattered in museums around the world. The Edo State government’s decision to establish the museum of West African art will further the state’s image, writes Robert Egbe   On Friday, November 13, Edo State Governor Godwin Obaseki announced a post-COVID-19 recovery plan to strengthen the public sector. But perhaps the most interesting component of his proposal was the announcement of a new partnership that seeks to return Edo State to its competitive advantage many centuries ago, and establish the Edo Museum of West African Art (EMOWAA). It is a fact that the Benin kingdom was one of the most powerful and creative kingdoms in Africa, with its art and craftmanship so globally acknowledged and renowned that European explorers marvelled at the level of sophistication of the art and culture emanating from this kingdom. Very few would argue with the fact that at some point in its history, this great kingdom was regarded as th...
Post a Comment
Read more

Boko Haram lures recruits with N5,000, says Zulum

Our Reporter Borno State Governor, Prof. Babagana Umara Zulum, yesterday said Boko Haram fighters lure recruits with as low as N5,000. The governor also reveals how his government sustained the fight against insurgents in the state in the last two years. He made the revelations in his statewide broadcast to commemorate this year’s Democracy Day (June 12, 2021) and his second anniversary in office, stating that “of all Nigeria’s 36 states, none is faced with the level of Borno’s security and by extension, social and economic challenges. According to him: “From day one, we were faced with an acute humanitarian crisis, particularly in northern and some parts of the central senatorial zones. As such, we made it a policy that as governor, I assume the role of chief humanitarian officer for different reasons. “On one hand, it was our duty to deliver help to our fellow citizens that were either internally displaced or taking refuge in neighbouring countries. “On the other hand, there was ...
Post a Comment
Read more

Church launches NGO for children

By Oluwatomisin Amokeoja International Church of Christ (ICOC) Nigeria has launched Caring Hearts Initiative (CHI), which is designed to cater for the developmental needs of children between 1 to 6 years old. At the ceremony held yesterday at the ICOC’s Missions House in Ikeja, Lagos, the initiative was flagged off with the Early Childhood Development (ECD) programme, which will assist targeted children within and outside its community to develop their full potentials. ICOC’s Lead Evangelist, Mr. Chris Ogbonnaya admonished the church to ensure all that they do to glorify Christ and not jeopardise the purpose for which the initiative was founded. In his words, CHI’s Programme Director, Mr Jide Ojo noted the newly incorporated charity is posed to be the “foremost in the provision of quality and endearing care for all.” According to Ojo, 77 children from ICOC’s 11 regions in Lagos, selected through a survey, will be the first set of beneficiaries for one year. For the first batch, h...
Post a Comment
Read more