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LCCI Extols Shippers’ Council As Economic Regulator

The appointment of the Nigerian Shippers’ Council (NSC) as the ports economic regulator received a big boost as the Lagos Chamber of Commerce and Industry (LCCI) applauded the federal government’s elevation of the council to regulate the activities of operators at the ports.

This was disclosed by the president of the chamber, Mrs Nike Akande, at the end of this year stakeholders’ dinner organised by the NSC in Lagos on Monday.

The federal government pronounced the NSC the port economic regulator and followed it up with an order titled “Ports Economic Regulator Order 2015” published in the Federal Republic of Nigeria official gazette No 34 Vol 102 of March 27, 2015, as Government Notice No 40.

However, Akande, who was a former minister of the Federal Republic of Nigeria, said that the council is a strategic institution in the maritime sector. The LCCI president who stated that a number of activities need to be streamlined for efficiency and effectiveness stressed that various agencies of the ports need to work harmoniously for the interest of the larger economy.

She said, “I must applaud the elevation of the Shippers’ Council to the status of the Economic Regulator in the maritime sector. This is a welcome development as it would improve the quality of engagement between service providers in the maritime sector and other players in the economy. A number of activities need to be streamlined for efficiency and effectiveness and the various agencies at the ports needs to work more harmoniously in the interest of the larger economy. We need to make our ports and international trade processes more investment friendly. I am aware that the council has taken some major steps in this regard.”

She, however, rallied for the support and cooperation for the council in order for it to carry out its responsibility.

This post was syndicated from Nigerian News from Leadership News. Click here to read the full text on the original website.

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