The Managing Director Nigerian Ports Authority (NPA), Mohammed Bello KoKo has been commended
for the uncommon initiatives that cleared the decade-long traffic gridlock that had menaced the Apapa/Tincan Ports access roads and undermined ease of doing business in Nigeria.
The commendation came from the from the Association of Nigeria Licensed Customs Agents (ANLCA) through its National President, Mr. Emenike Nwokeji during a working visit to the NPA Headquarters in Marina, Lagos.
In his response, Bello KoKo said, “breaking the jinx of the agelong traffic gridlock that was causing huge revenue losses and reputational damage to our dear country Nigeria was a product of our relentless commitment to doing what is right by entering into open-minded collaborations with the Lagos State Government and relevant stakeholders.”
Reiterating the authority’s commitment to enhancing ease of doing business and deepening Nigeria’s balance of trade through promotion of exports, Bello KoKo stated that. “we are committed to fulfilling the priorities as enunciated in the Presidential/ Ministerial Performance Bond which we signed and to sustain the sanity on the Port access which has resulted in the unprecedented increase in export numbers, we have developed a Service Level Agreement (SLA) for cargo evacuation which we would be implementing with renewed vigour going forward to sustain the growth in exports necessary to achieve the national trade surplus required to grow the domestic economy.”
The National Bureau of Statistics (NBS) in it’s foreign trade report for the first quarter of 2024 released on Sunday highlighted that Nigeria recorded a N6.5 trillion trade surplus between January and March of 2024.
The NBS detailed that Nigeria’s exports totalled N19.1 trillion and total imports stood at N12.6 trillion — indicating a trade surplus of N6.5 trillion.
A trade surplus is an economic indicator of a positive trade balance in which the exports of a nation outweigh the country’s imports.
