Nigerian Ports Experience 44.43% Surge in Containerised Exports

The Nigerian Ports Authority (NPA) has reported a surge in containerised exports with an increase of 44.43% recorded in 2023 compared to the previous year.

This surge signals a substantial boost to Nigeria’s export sector and underscores the effectiveness of recent initiatives undertaken by the NPA.

According to a press release from the NPA, the surge in containerised exports can be attributed to the licensing of ten export processing terminals.

These terminals have played a pivotal role in facilitating exports at Nigerian seaports, providing a streamlined process for export processing and eliminating bureaucratic hurdles.

The NPA’s initiative aimed to create a one-stop shop for export processing, where quality control, cargo assessment, and statutory checks by government agencies are conducted efficiently.

This approach has been instrumental in enhancing the competitiveness of Nigerian exports in the global marketplace.

Furthermore, the surge in containerised exports is seen as a significant contribution to deepening Nigeria’s balance of trade and strengthening the national currency.

By promoting exports, especially non-oil exports, the NPA is aligning with national objectives aimed at diversifying the economy and reducing reliance on oil revenue.

In addition to export-related initiatives, the NPA has implemented measures to improve port infrastructure and services.

Initiatives such as barge operations services have not only reduced pressure on roads but also enhanced port-hinterland connectivity.

Overall, the surge in containerised exports reflects the NPA’s commitment to driving economic growth and enhancing Nigeria’s position in the global trade landscape.

As the country continues to explore avenues for economic diversification, the NPA’s efforts are poised to play a crucial role in achieving these objectives.