The National Council of Managing Directors of Licensed Customs Agents has called for the granting of a revolving loan from the Maritime Fund of the Nigerian Maritime Administration and Safety Agency to indigenous transporters and licensed customs agents to procure trucks and barges and replace the rickety trucks and barges in the port industry.The group disclosed this in a recent letter addressed to President Bola Tinubu, titled RE: An Urgent Need to Provide Revolving Loans from the Maritime Fund of NIMASA to Revive the Rickety Barges and Trucks Used by Maritime Transporters/Licensed Customs Agents for the Carriage of Goods from Nigerian Ports, signed by its National President, Mr Lucky Amiwero, and obtained byThe PUNCH.The group stressed the urgent need to replace the rickety barges and trucks within the nation’s expanded coastline “to save the port industry from the constant breakdown of trucks and barges by granting a revolving loan facility that will be used in replacing the rickety barges and trucks, which endanger life and property along the highways and coastlines.”NCMDLCA added that the nation’s ports need efficient multimodal transport and infrastructure for the proper conveyance of goods by road, rail and coastline to safe destinations.The group highlighted that part of the responsibilities of NIMASA includes promoting the development of indigenous commercial shipping in international trade, adding that the objective and function of NIMASA is to develop indigenous capacity in shipping and maritime infrastructure, which is the agency’s major function as clearly defined in the NIMASA Act.Related News‘Foreign fleets maintain dominance in Nigeria’s maritime support industry’SEREC decries delay in NPERA Bill assentEconomic reforms delivering steady growth – TinubuThe NCMDLCA stressed that the Maritime Fund was specifically created to support the development of indigenous manpower in the maritime sector, noting that the facility has yet to be deployed by the agency for its intended purpose.The group explained that the three per cent benchmark rate collected by NIMASA on freight earnings on all international inbound and outbound cargo from shipping companies is contributed through the freight paid by importers and licensed customs agents.“The contribution as contained in Section 15(a) of the NIMASA Act, which is the three per cent of freight earnings on all international inbound and outbound cargo from ships or shipping companies operating in Nigeria, is made by licensed customs agents/importers through freight payments for goods shipped into and out of Nigeria. Such payments are included in the freight paid by importers/licensed customs agents on cargoes shipped into and out of Nigeria,” NCMDLCA stated.It stated that globally, the Maritime Fund is used to build the capacity of indigenous operators and has been used worldwide to support maritime expansion programmes, shipping infrastructure, maritime infrastructure, among others. “That is why 25 per cent of the Maritime Fund was reserved for the development of indigenous operators. The indigenous operators need capacity through the Maritime Fund, which has existed for almost 20 years since its establishment without shipping and maritime infrastructure.”The Maritime Fund is established under Section 17, which clearly states that monies in the Fund may be applied only for the purpose of furthering the objectives and functions of the agency under the Act. The group disclosed this in a recent letter addressed to President Bola Tinubu, titled RE: An Urgent Need to Provide Revolving Loans from the Maritime Fund of NIMASA to Revive the Rickety Barges and Trucks Used by Maritime Transporters/Licensed Customs Agents for the Carriage of Goods from Nigerian Ports, signed by its National President, Mr Lucky Amiwero, and obtained byThe PUNCH.The group stressed the urgent need to replace the rickety barges and trucks within the nation’s expanded coastline “to save the port industry from the constant breakdown of trucks and barges by granting a revolving loan facility that will be used in replacing the rickety barges and trucks, which endanger life and property along the highways and coastlines.”NCMDLCA added that the nation’s ports need efficient multimodal transport and infrastructure for the proper conveyance of goods by road, rail and coastline to safe destinations.The group highlighted that part of the responsibilities of NIMASA includes promoting the development of indigenous commercial shipping in international trade, adding that the objective and function of NIMASA is to develop indigenous capacity in shipping and maritime infrastructure, which is the agency’s major function as clearly defined in the NIMASA Act.Related News‘Foreign fleets maintain dominance in Nigeria’s maritime support industry’SEREC decries delay in NPERA Bill assentEconomic reforms delivering steady growth – TinubuThe NCMDLCA stressed that the Maritime Fund was specifically created to support the development of indigenous manpower in the maritime sector, noting that the facility has yet to be deployed by the agency for its intended purpose.The group explained that the three per cent benchmark rate collected by NIMASA on freight earnings on all international inbound and outbound cargo from shipping companies is contributed through the freight paid by importers and licensed customs agents.“The contribution as contained in Section 15(a) of the NIMASA Act, which is the three per cent of freight earnings on all international inbound and outbound cargo from ships or shipping companies operating in Nigeria, is made by licensed customs agents/importers through freight payments for goods shipped into and out of Nigeria. Such payments are included in the freight paid by importers/licensed customs agents on cargoes shipped into and out of Nigeria,” NCMDLCA stated.It stated that globally, the Maritime Fund is used to build the capacity of indigenous operators and has been used worldwide to support maritime expansion programmes, shipping infrastructure, maritime infrastructure, among others. “That is why 25 per cent of the Maritime Fund was reserved for the development of indigenous operators. The indigenous operators need capacity through the Maritime Fund, which has existed for almost 20 years since its establishment without shipping and maritime infrastructure.”The Maritime Fund is established under Section 17, which clearly states that monies in the Fund may be applied only for the purpose of furthering the objectives and functions of the agency under the Act. The group stressed the urgent need to replace the rickety barges and trucks within the nation’s expanded coastline “to save the port industry from the constant breakdown of trucks and barges by granting a revolving loan facility that will be used in replacing the rickety barges and trucks, which endanger life and property along the highways and coastlines.”NCMDLCA added that the nation’s ports need efficient multimodal transport and infrastructure for the proper conveyance of goods by road, rail and coastline to safe destinations.The group highlighted that part of the responsibilities of NIMASA includes promoting the development of indigenous commercial shipping in international trade, adding that the objective and function of NIMASA is to develop indigenous capacity in shipping and maritime infrastructure, which is the agency’s major function as clearly defined in the NIMASA Act.Related News‘Foreign fleets maintain dominance in Nigeria’s maritime support industry’SEREC decries delay in NPERA Bill assentEconomic reforms delivering steady growth – TinubuThe NCMDLCA stressed that the Maritime Fund was specifically created to support the development of indigenous manpower in the maritime sector, noting that the facility has yet to be deployed by the agency for its intended purpose.The group explained that the three per cent benchmark rate collected by NIMASA on freight earnings on all international inbound and outbound cargo from shipping companies is contributed through the freight paid by importers and licensed customs agents.“The contribution as contained in Section 15(a) of the NIMASA Act, which is the three per cent of freight earnings on all international inbound and outbound cargo from ships or shipping companies operating in Nigeria, is made by licensed customs agents/importers through freight payments for goods shipped into and out of Nigeria. Such payments are included in the freight paid by importers/licensed customs agents on cargoes shipped into and out of Nigeria,” NCMDLCA stated.It stated that globally, the Maritime Fund is used to build the capacity of indigenous operators and has been used worldwide to support maritime expansion programmes, shipping infrastructure, maritime infrastructure, among others. “That is why 25 per cent of the Maritime Fund was reserved for the development of indigenous operators. The indigenous operators need capacity through the Maritime Fund, which has existed for almost 20 years since its establishment without shipping and maritime infrastructure.”The Maritime Fund is established under Section 17, which clearly states that monies in the Fund may be applied only for the purpose of furthering the objectives and functions of the agency under the Act. NCMDLCA added that the nation’s ports need efficient multimodal transport and infrastructure for the proper conveyance of goods by road, rail and coastline to safe destinations.The group highlighted that part of the responsibilities of NIMASA includes promoting the development of indigenous commercial shipping in international trade, adding that the objective and function of NIMASA is to develop indigenous capacity in shipping and maritime infrastructure, which is the agency’s major function as clearly defined in the NIMASA Act.Related News‘Foreign fleets maintain dominance in Nigeria’s maritime support industry’SEREC decries delay in NPERA Bill assentEconomic reforms delivering steady growth – TinubuThe NCMDLCA stressed that the Maritime Fund was specifically created to support the development of indigenous manpower in the maritime sector, noting that the facility has yet to be deployed by the agency for its intended purpose.The group explained that the three per cent benchmark rate collected by NIMASA on freight earnings on all international inbound and outbound cargo from shipping companies is contributed through the freight paid by importers and licensed customs agents.“The contribution as contained in Section 15(a) of the NIMASA Act, which is the three per cent of freight earnings on all international inbound and outbound cargo from ships or shipping companies operating in Nigeria, is made by licensed customs agents/importers through freight payments for goods shipped into and out of Nigeria. Such payments are included in the freight paid by importers/licensed customs agents on cargoes shipped into and out of Nigeria,” NCMDLCA stated.It stated that globally, the Maritime Fund is used to build the capacity of indigenous operators and has been used worldwide to support maritime expansion programmes, shipping infrastructure, maritime infrastructure, among others. “That is why 25 per cent of the Maritime Fund was reserved for the development of indigenous operators. The indigenous operators need capacity through the Maritime Fund, which has existed for almost 20 years since its establishment without shipping and maritime infrastructure.”The Maritime Fund is established under Section 17, which clearly states that monies in the Fund may be applied only for the purpose of furthering the objectives and functions of the agency under the Act. The group highlighted that part of the responsibilities of NIMASA includes promoting the development of indigenous commercial shipping in international trade, adding that the objective and function of NIMASA is to develop indigenous capacity in shipping and maritime infrastructure, which is the agency’s major function as clearly defined in the NIMASA Act.Related News‘Foreign fleets maintain dominance in Nigeria’s maritime support industry’SEREC decries delay in NPERA Bill assentEconomic reforms delivering steady growth – TinubuThe NCMDLCA stressed that the Maritime Fund was specifically created to support the development of indigenous manpower in the maritime sector, noting that the facility has yet to be deployed by the agency for its intended purpose.The group explained that the three per cent benchmark rate collected by NIMASA on freight earnings on all international inbound and outbound cargo from shipping companies is contributed through the freight paid by importers and licensed customs agents.“The contribution as contained in Section 15(a) of the NIMASA Act, which is the three per cent of freight earnings on all international inbound and outbound cargo from ships or shipping companies operating in Nigeria, is made by licensed customs agents/importers through freight payments for goods shipped into and out of Nigeria. Such payments are included in the freight paid by importers/licensed customs agents on cargoes shipped into and out of Nigeria,” NCMDLCA stated.It stated that globally, the Maritime Fund is used to build the capacity of indigenous operators and has been used worldwide to support maritime expansion programmes, shipping infrastructure, maritime infrastructure, among others. “That is why 25 per cent of the Maritime Fund was reserved for the development of indigenous operators. The indigenous operators need capacity through the Maritime Fund, which has existed for almost 20 years since its establishment without shipping and maritime infrastructure.”The Maritime Fund is established under Section 17, which clearly states that monies in the Fund may be applied only for the purpose of furthering the objectives and functions of the agency under the Act. The NCMDLCA stressed that the Maritime Fund was specifically created to support the development of indigenous manpower in the maritime sector, noting that the facility has yet to be deployed by the agency for its intended purpose.The group explained that the three per cent benchmark rate collected by NIMASA on freight earnings on all international inbound and outbound cargo from shipping companies is contributed through the freight paid by importers and licensed customs agents.“The contribution as contained in Section 15(a) of the NIMASA Act, which is the three per cent of freight earnings on all international inbound and outbound cargo from ships or shipping companies operating in Nigeria, is made by licensed customs agents/importers through freight payments for goods shipped into and out of Nigeria. Such payments are included in the freight paid by importers/licensed customs agents on cargoes shipped into and out of Nigeria,” NCMDLCA stated.It stated that globally, the Maritime Fund is used to build the capacity of indigenous operators and has been used worldwide to support maritime expansion programmes, shipping infrastructure, maritime infrastructure, among others. “That is why 25 per cent of the Maritime Fund was reserved for the development of indigenous operators. The indigenous operators need capacity through the Maritime Fund, which has existed for almost 20 years since its establishment without shipping and maritime infrastructure.”The Maritime Fund is established under Section 17, which clearly states that monies in the Fund may be applied only for the purpose of furthering the objectives and functions of the agency under the Act. The group explained that the three per cent benchmark rate collected by NIMASA on freight earnings on all international inbound and outbound cargo from shipping companies is contributed through the freight paid by importers and licensed customs agents.“The contribution as contained in Section 15(a) of the NIMASA Act, which is the three per cent of freight earnings on all international inbound and outbound cargo from ships or shipping companies operating in Nigeria, is made by licensed customs agents/importers through freight payments for goods shipped into and out of Nigeria. Such payments are included in the freight paid by importers/licensed customs agents on cargoes shipped into and out of Nigeria,” NCMDLCA stated.It stated that globally, the Maritime Fund is used to build the capacity of indigenous operators and has been used worldwide to support maritime expansion programmes, shipping infrastructure, maritime infrastructure, among others. “That is why 25 per cent of the Maritime Fund was reserved for the development of indigenous operators. The indigenous operators need capacity through the Maritime Fund, which has existed for almost 20 years since its establishment without shipping and maritime infrastructure.”The Maritime Fund is established under Section 17, which clearly states that monies in the Fund may be applied only for the purpose of furthering the objectives and functions of the agency under the Act. “The contribution as contained in Section 15(a) of the NIMASA Act, which is the three per cent of freight earnings on all international inbound and outbound cargo from ships or shipping companies operating in Nigeria, is made by licensed customs agents/importers through freight payments for goods shipped into and out of Nigeria. Such payments are included in the freight paid by importers/licensed customs agents on cargoes shipped into and out of Nigeria,” NCMDLCA stated.It stated that globally, the Maritime Fund is used to build the capacity of indigenous operators and has been used worldwide to support maritime expansion programmes, shipping infrastructure, maritime infrastructure, among others. “That is why 25 per cent of the Maritime Fund was reserved for the development of indigenous operators. The indigenous operators need capacity through the Maritime Fund, which has existed for almost 20 years since its establishment without shipping and maritime infrastructure.”The Maritime Fund is established under Section 17, which clearly states that monies in the Fund may be applied only for the purpose of furthering the objectives and functions of the agency under the Act. It stated that globally, the Maritime Fund is used to build the capacity of indigenous operators and has been used worldwide to support maritime expansion programmes, shipping infrastructure, maritime infrastructure, among others. “That is why 25 per cent of the Maritime Fund was reserved for the development of indigenous operators. The indigenous operators need capacity through the Maritime Fund, which has existed for almost 20 years since its establishment without shipping and maritime infrastructure.”The Maritime Fund is established under Section 17, which clearly states that monies in the Fund may be applied only for the purpose of furthering the objectives and functions of the agency under the Act. The Maritime Fund is established under Section 17, which clearly states that monies in the Fund may be applied only for the purpose of furthering the objectives and functions of the agency under the Act.