• Home
  • Privacy Policy
  • Ad Rates
  • Submit News
  • Contact Us
The Eagle Online
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Advert Rates
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Advert Rates
  • Contact Us
No Result
View All Result
The Eagle Online
No Result
View All Result

Nigeria has lost N6t to Apapa gridlock – OPS

The Eagle Online by The Eagle Online
July 16, 2019
in Business, Economy
2 min read
0
Apapa Gridlock
Share on FacebookShare on TwitterWhatsApp

RelatedPosts

Apapa gridlock: Presidential Task force on Port Decongestion hands over to Lagos

Apapa gridlock: Lagos to take over traffic management from Presidential Taskforce

NECA calls for urgent economic recovery effort

The Organised Private Sector on Tuesday called for urgent infrastructure development at the Lagos ports.
It said Nigeria had lost about N6 trillion across the different sectors due to the Apapa gridlock.
The OPS, under the aegis of the Nigeria Employers’ Consultative Association,  said this at its 62nd Annual General Meeting in Lagos that there was an urgent need for policy reform for businesses to operate optimally.
Mauricio Alarcon, the Second Vice President of NECA, said that operational hiccups being experienced at the port had remained even after one year of the Presidential Executive Order to promote transparency and efficiency on operation.
Alarcon said: “Survey by the OPS shows that Nigeria lost about N3.06 trillion on non-oil export and about N2.5 trillion earnings annually across the different sectors due to the Apapa gridlock.”
Alarcon said that the Federal Government should look at reforms that would significantly impact on the economy now that the elections were over.
He said: “There is the need to fast-track infrastructural development at the Lagos Port, diversification programme, a market-driven foreign exchange management, sustain and significant reduction in the cost of governance.”
Government should also fast-track the passage of Petroleum Industry Governance Bill, a market driven electricity supply and billing system”.
Alarcon said the government should reform the oil and gas sector by removing subsidy on the sale of petrol, which he said, gulped about one trillion naira annually.
He said that the government must urgently tackle insecurity that had already increased unemployment and poverty in the country.
H said: :Unemployment surged from 9.0 per cent in 2015 to 23.1 per cent in third quarter of 2018, while inflation remains high in spite of tight monetary policy conditions.
“There is also spread of poverty. The economy need to recover.”
To support business, Alarcon called on the government to ensure the patronage of made-in-Nigeria goods at all levels through standardisation and certification.
He called for friendly regulatory regime businesses rather than crippling them and enforcement of harmonised taxes and levies by the Joint Tax Board.
Uche Ekwe, the Chairman, International Relations Unit of the NLC, in a good will message, said that there was the need for labour and NECA to collaborate to tackle economic challenges.
Ekwe, who represented NLC President,  Ayuba Wabba, said that it was critical to create wealth for the nation,  but noted that wealth creation might not necessarily reduce poverty because of increase in population.
Quadri Olaleye, TUC President, said that the government must create means of employment to tackle poverty, insecurity and other challenges bedeviling the nation.

Tags: APAPA GRIDLOCKMaurixio AlarconNECANigeria Employers’ Consultative AssociationOrganised Private Sector
Share27Tweet17SendShare7

Related Posts

Apapa gridlock: Presidential Task force on Port Decongestion hands over to Lagos

Apapa gridlock: Presidential Task force on Port Decongestion hands over to Lagos

January 12, 2021
Apapa gridlock: Lagos to take over traffic management from Presidential Taskforce

Apapa gridlock: Lagos to take over traffic management from Presidential Taskforce

December 28, 2020
Oronsanye report: NECA lauds FG on approval

NECA calls for urgent economic recovery effort

November 21, 2020
#EndSARS protest: NECA calls for quick return to economic normalcy

#EndSARS protest: NECA calls for quick return to economic normalcy

November 10, 2020
Catfish: Scammers use photos of pretty Northern girls to open Social Media accounts

How to curb fake news- Stakeholders

November 3, 2020
Oronsanye report: NECA lauds FG on approval

NECA says businesses affected by protests, portend danger to nation’s economy

October 23, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

COVID-19 Update

COVID-19: Lagos manages 4,873 home-based patients

One million Nigerians to benefit from COVID-19 Cash Transfer- Osinbajo

COVID-19: Oxygen demand may hit 750 cylinders daily – Lagos govt

COVID-19: Nigeria to receive 100,000 doses of mRNA Pfizer vaccines — NPHDA D-G

COVID-19: Kano directs civil servants to stay at home until further notice

Most Read

  • Gunmen kill policeman  accompanying election results in Ogun

    Kidnapped Catholic Priest found dead, brother’s fate unknown

    331 shares
    Share 132 Tweet 83
  • Breaking: NSCDC gets new Commandant General

    164 shares
    Share 66 Tweet 41
  • Police nab notorious Abuja impersonator

    157 shares
    Share 63 Tweet 39
  • Bandits attack Mobile Policemen convoy, both sides suffer heavy casualties, policeman missing

    168 shares
    Share 67 Tweet 42
  • How we ruled land, sea, abducted expatriates — Capone

    163 shares
    Share 65 Tweet 41
  • Marwa reads riot act to drug barons, traffickers as he takes over at NDLEA

    122 shares
    Share 49 Tweet 31

Ease Slash


Subscribe to Our Newsletter

Check your inbox or spam folder to confirm your subscription.







https://theeagleonline.com.ng/wp-content/uploads/2020/05/VID-20200510-WA0000.mp4

Chat with us now

Most Commented

  • Kaduna Deputy Gov’s wife embarks on peace building campaign

    ABU, KASU, other Kaduna higher institutions outline resumption plans, fix dates

    85 shares
    Share 34 Tweet 21
  • Niger, six other countries lose right to vote in UNGA — Guterres

    68 shares
    Share 27 Tweet 17
  • Voter apathy mars Kano LG poll

    71 shares
    Share 28 Tweet 18
  • NCDC to conduct 450 COVID-19 tests per local government

    69 shares
    Share 28 Tweet 17
  • Messi risks 12-match ban

    71 shares
    Share 28 Tweet 18

Latest

Presidential election: NSE capitalisation loses N85b in six hours

FG raises N2.36t from capital market in 2020 – Onyema

January 19, 2021
Bayelsa ex-governorship aspirant dies, Diri mourns

No plans to impeach Bayelsa governor, says State Assembly

January 19, 2021
80-year-old man dies during sex with his 33-year-old lover in hotel

80-year-old man dies during sex with his 33-year-old lover in hotel

January 19, 2021
FRSC Board approves appointment of two Deputy Corps Marshals

Dismissed FRSC personnel sent to prison over alleged N673,000 fraud

January 19, 2021
Anambra completes 80 roads in five years — Commissioner

Anambra panel on police brutality declines sitting

January 19, 2021




  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
  • Entertainment
  • Advert Rates
  • Contact Us

© 2020 Premium Eagle Media Limited.

No Result
View All Result
  • Home
  • News
  • Sport
  • Politics
  • Column
  • Business
  • Life & Style
    • Crime
    • R&D Health
    • Diet and Fitness
    • Intimacy
  • Entertainment
    • Photos
    • Fashion
    • Movies
    • Music
  • Advert Rates
  • Contact Us

© 2020 Premium Eagle Media Limited.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.