NSC Revenue: Port Consultative Council Supports Collection of Freight Stabilization Fee

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By Innocent Orok

The Nigerian Port Consultative Council (NPCC), has declared its support for the Nigerian Shippers’ Council’s move for self collection of one percent freight stabilization fee.

The Chairman of the NPPC, Mr. Bolaji Sunmola, stated this when he led members of the group on a courtesy visit to the Council’s Headquarters in Lagos on Thursday.

Sumaila said that in addressing the paucity of funds, the Council requires proper funding in the execution of its regulatory activities.

The NPCC Chairman who recognized the contribution of Shippers’ Council to the development of Nigeria‘s maritime sector, reiterated the need to strengthen the regulatory power of the Council as ombudsmen in port operations.

A member of the NPCC, Mrs. Chinwe Ezenwa, said the issue of funding is a key priority that must be addressed by the government.

In his response, the Executive Secretary and Chief Executive Officer of Nigerian Shippers’ Council (NSC), Barr. Pius Akutah, MON, appreciated the Chairman and members of the Consultative Council for the visit and their support.

Barr. Akutah maintained that the Council proposes one percent freight stabilization fee to execute its statutory activities.

He expressed optimism that the bill which seeks to repeal the Nigerian Shippers’ Council Act CAP N133 Laws of the Federal Republic of Nigeria (LFN), and next the Nigerian Shipping and Port Economic Regulatory Agency recently passed the Second Reading by the House Committee on Shipping Services and the bill when passed into law will bring about monumental industry benefits

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