SENATE ADOPTS MOTION TO CHECKMATE EXORBITANT AND UNJUSTIFIABLE SHIPPING FEES, FACILITATED BY SENATOR DR PATRICK IFEANYI UBAH
Senator Dr Patrick Ifeanyi Ubah has moved a motion on the urgent need to checkmate exorbitant increase and unjustifiable shipping fees charged by shipping companies on Nigerian bound cargoes. Senator Ubah on the floor of the Senate today argued that Nigeria is an import driven economy with excessive dependence on imports for consumption and capital goods. He stated that the shipping industry, is key in facilitating continuity of economic activities in the country by ensuring sustained supply chains to industries, transportation of essential goods. Senator Ubah raised concerns over vessels coming to Nigerian ports and the attendant long queue, when compared to other countries. He also raised further concern regarding the fact that the cost of shipping goods into Nigerian ports is the highest in the world, with the figure for Apapa Port costing more than thrice to that of Tema, Ghana, and five times higher than Durban port in South Africa. He expressed worry over the fact that a repo