Nigeria In One Minute

Recession, gridlock compound port users’ loss

The Nigerian port users are counting their losses occasioned by a variety of factors, especially the recession that hit the economy as well as the deplorable road that practically rendered maritime activities comatose in the last one and half years.

As at the last count, truck owners, who are unarguably the hardest hit, have lost billions of naira to the gridlock and other illegalities like extortions and outright truck seizures by secret agents, who pretend to be controlling traffic.

According to the truck owners under the aegis of National Association of Road Transport Owners (NARTO), since the beginning of the various crises, including infrastructure decay, over 6,000 trucks using the road daily hardly made a tripping one month because of the challenges.
New Telegraph, January 3, 2018

 

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