Skip to main content

OYETOLA assures of Nigeria chances of increase global trade benefits

By Afolabi Oyekunle.






The Minister of Marine and Blue Economy, Adegboyega Oyetola CON, has formally received the report for the implementation of the Port Community System (PCS) in Nigeria, a move that will enhance the ease of doing business in ports within the country. 

The PCS initiative aligns with the Convention on Facilitation of International Maritime Traffic (FAL) of the International Maritime Organization (IMO), and its objectives include preventing unnecessary delays in maritime traffic, enhancing cooperation between governments, and ensuring uniformity in formalities and procedures.

Speaking during the event in Abuja, Oyetola disclosed that the implementation of the PCS was a Key Performance Indicator given to his Ministry by President Bola Ahmed Tinubu, noted that the adoption of the initiative would position Nigeria to benefit from global trade opportunities. 


"Realizing the importance of the implementation of the PCS on the fulfilment of the overarching objectives of the Renewed Hope Agenda, His Excellency, President Bola Ahmed Tinubu GCFR included the implementation of the Port Community System as a Key Performance Indicator for the Ministry of Marine and Blue Economy under the Presidential Performance Bond I signed as a Minister," he said. 

The minister commended the management of the Nigerian Ports Authority, NPA, for their foresight in seeking technical guidance from the International Maritime Organization, IMO, in the development of the PCS report. 

While assuring that he would play a leading role in achieving the objectives of the initiative, Oyetola urged the NPA to expedite the procurement process for appointing a company to deploy the PCS and to seek ministerial intervention where necessary, particularly in areas outside their jurisdiction, such as linkages with the Nigerian Customs Service and other relevant agencies. 

He also commended the team from IMO, project consultants, and the International Port Community Systems Association (IPCSA) for their professionalism and dedication in coming up with the PCS report. 

Also speaking at the occasion, the Managing Director/CEO of NPA, Mohammed Bello Koko said automation remains the most sustainable path to make ports in Nigeria more efficient and competitive, adding that "the implementation of the PCS would eliminate all forms of human interface and attendant delays that undermine the efficiency of our ports."


Koko who described the implementation of the PCS as a matter of national importance, assured the Minister that the NPA would ensure diligence, determination and discipline required to make the implementation of the initiative a reality. 

It will be recalled that the NPA Managing Director had recently sought and secured the buy-in of the Comptroller-General of Nigerian Customs, Mr. Adewale Bashir Adeniyi MFR for the implementation of the PCS.
These developments signposts better days ahead for ease of doing business and trade facilitation in Nigeria.

Comments

Popular posts from this blog

Omisande: CPS Pensioners in Lagos State assured of payment of their increase pension benefits as their Federal counterparts.

 By Afolabi Oyekunle. Pensioners under the Contributory Pension Scheme(CPS) in Lagos State have been urged to be patient concerning their much awaited  increases, as there are assurance that all what they are entitled to will be paid earlier next year. This assurance is coming from the Chairman, Nigeria Union of Pensioners, Contributory Pension Scheme, NUPCPS, Lagos State Council, Comrade Michael Omisande. Comrade Omisande who spoke to ForumNews at the sideline of the end of year get together of Agege Zone Pensioners said what is delaying is the Template which is being awaited  Comrade Omisande said just as the Federal workers who have started receiving their own entitlements, all Pensioners under the scheme in other five states will receive their own as  approved by the Federal government. According to him, the PFA'S have been given till 20th December to pay all Federal Pensioners. He said after the completion of the Payment, PenCom will ther...

PenCom urges Lagos State Governor to extend periodic pension increase to retirees under CPS, as Sanwoolu welcomes the idea.

By Afolabi Oyekunle. The National Pension Commission (PenCom)  has called on  the Lagos State Governor, Babajide Sanwo-Olu, to extend periodic pension increases currently enjoyed by Defined Benefit Scheme (DBS) retirees to those under the Contributory Pension Scheme (CPS) to boost their monthly pensions.  The Director General of PenCom, Ms. Omolola Oloworaran, made the request during a courtesy visit to Governor Sanwo-Olu at the Lagos State Government House on 7 May 2025. The visit was to present the report of PenCom’s 2024 routine inspection of the Lagos State Pension Commission (LASPEC) and to thank the Governor for confirming his participation as Special Guest at the Pension Industry Leadership Retreat starting 8 May 2025. PenCom DG pointed out that currently, only DBS retirees are paid pension increases in Lagos State, leaving out their counterparts under the CPS.   DG PenCom Ms Oloworaran with Gov Sanwoolu who presented her with Lagos State plaq...

PENCOM pledges to see that Lagos State pays CPS retirees.

By Afolabi Oyekunle. Director General of National Pension Commission, Ms Omolola Oloworaran has pledged that the Commission will fast track and work towards Lagos State government paying retirees under the Contributory Pension Scheme what is due to them like their federal counterparts. She made the pledge at a media workshop in Lagos for journalists. The Director General was surprised when she was asked why the Template for the payment was not released to Lagos State government for the payment of backlog of areas and allowances as approved by the Federal government, which Federal retirees are currently enjoying.         PenCom DG, Omolola Oloworaran  She thereby directed her staff to work on the Lagos State matter to settle the matter towards making the Lagos State government have all the necessary information needed to pay the retirees. The PenCom Director General noted that Lagos State government was one of the few states that keyed into the progra...