General
Customs Sensitises Stakeholders on Clearance Procedures in Rivers
By Bon Peters
The Area 1 Command of the Nigeria Customs Service (NCS) in Port Harcourt, Rivers State, has commenced a sensitisation programme for stakeholders to educate them on issues of non-conformities with statutory procedures and other vices in customs clearance processes.
The event, which began last week in Port Harcourt, comes in phases to avail the maritime operators, especially the Association of Nigeria Licensed Customs Agents (ANLCA), NAGAFF, Bonded Terminals operations, shipping agents, among others, the opportunity to learn the customs procedure codes which would, in turn, ensure seamless clearance of containers at the ports.
In his opening remarks, the Zonal Coordinator for Zone C Customs, ACG Olugboyega Peters, expressed his happiness with the level of revenue profile of the Command, cooperation and synergy among the stakeholders and the agency.
He further said he was happy with the level of seamless operations the Command is enjoying with the stakeholders, insisting that the essence of the gathering was to learn because “there is no end to education.”
Speaking further, he said in customs operations, the most important thing is transparency; charging the operators to be transparent in their declaration as such would ensure they exit their containers within 48 hours.
“If you’re doing the right thing, your consignment can leave the terminal within 48 hours,” Mr Peters said.
Delivering the lecture, CSC Joseph Atile, said the objective of the interactive session was to enlighten, educate and create awareness and sensitise the service personnel and the trading community on the importance and use of correct customs procedure as it affects imports, exports and transit operations with respect to commonly abused factors on declarations and customs procedure code (CPC) leading to huge loss of revenue.
He insisted that to be a Licensed Customs Agent a basic sound knowledge of tools, processes and documentation is required, adding that agents should make training and retraining their watchword, even as he noted that they should embark on consultation and strict adherence to customs procedures, process and documentation.
In his contribution, the Customs Area 1, Controller, Comptroller CD Wada, admonished the stakeholders to build capacity and add value to themselves and their organizations, vowing to partner with the agents to train and retrain them.
While reminding them of the cure mandate of customs which he said included revenue generation, trade facilitation and anti-smuggling, he said every genuine and compliant trader would enjoy trade facilitation but recalcitrant ones, even their agencies would be blocked from doing business.
Responding to the impact of the training, Slot Bonded Terminal Manager, Mr Fabian Nwanyanwu, said the lecture was impactful as what customs were doing to the agents was very much expected.
“What customs is doing today is part of what they ought to do. The nation is moving forward, and customs should not be left behind; my prayer is that everybody should key in and learn since they have promised to be doing it regularly,” he stated.
Continuing, Mr Nwanyanwu said, “I have learnt today that most of the applications we use during capturing are in error, and as ACG Peters has said, you can’t apply anything you do not know.”
By Dipo Olowookere
A $15 million debt facility has been obtained by Watt Renewable Corporation from the AfriGreen Debt Impact Fund to finance hybrid solar power plants to be built and operated by the former, especially in Nigeria.
WATT intends to use the projects to serve commercial and industrial clients in Nigeria, particularly in the telecommunication and financial services sectors.
By integrating solar hybrid solutions, the firm aims to significantly reduce diesel consumption and CO2 emissions, enabling its clients to achieve substantial energy cost savings while promoting environmental sustainability.
As a pioneer in renewable energy solutions, WATT continues to drive innovation in Nigeria’s energy sector.
The company’s robust roll-out plan includes deploying hundreds of hybrid solar power sites nationwide to meet the growing energy demands of commercial & industrial clients.
This strategic expansion aligns with WATT’s vision to revolutionize energy access across Africa, enabling sustainable development and reducing reliance on fossil fuels.
The funds from AfriGreen provide the critical capital needed to accelerate WATT’s ambitious projects, strengthening its market position and empowering businesses with reliable and affordable energy solutions.
Business Post gathered that to mitigate the currency risk for WATT in the event of devaluation of the Nigerian Naira, AfriGreen is offering a local currency facility that matches the payment structure of the power purchase agreements.
“We are thrilled to partner with AFRIGREEN on this transformative journey to expand reliable and sustainable energy solutions across Africa.
“With this support, it enables us to accelerate our shared mission of providing hybrid solar power to businesses, reducing carbon emissions, and supporting economic growth while enhancing energy security for our clients,” the Managing Director of WATT, Mr Oluwole Eweje, said.
“We are delighted to support WATT in rolling out hundreds of hybrid sites across the country.
“This represents another key transaction for AFRIGREEN in Nigeria. The combination of high energy prices, good solar irradiation, and strong demand from industrial and commercial energy users makes this market particularly attractive for companies like WATT.
“By leveraging these favourable market conditions alongside WATT’s exceptional operational performance and a well-structured financing solution, we are setting the stage for a strong and lasting business partnership,” the Managing Director of AfriGreen, Mr Alexandre Gilles, stated.
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has denied issuing a directive that gas supply to power generating companies (GenCos) be halted.
In a statement on Wednesday, the authority also denied instructing wholesale gas suppliers to stop further supply of gas to companies due to failure in payment obligations.
The NMDPRA described reports stating that it has directed the stoppage of gas supply to GenCos over N2 trillion debt as “false and completely unfounded”.
“It has absolutely no bearing on the information shared at a recent stakeholders’ engagement held in Lagos between the Authority, the OPTS, IPPG and other stakeholders in the oil and gas industry,” the NMDPRA said.
“The purpose of the engagement was to sensitise stakeholders on the requirements, opportunities and benefits associated with the implementation of the wholesale supply license as provided by sections 142 and 197 of the Petroleum Industry Act (PIA) 2021.
“It was a follow-up to an earlier stakeholder engagement held at the NMDPRA corporate headquarters in Abuja on November 27, 2024.
“The Authority wishes to reassure all our stakeholders and indeed the general public that at no time was the false statement made at that event and anywhere else, and are advised to completely disregard the publication as every effort is being made to ensure that the supply and distribution of natural gas and petroleum products to end users is seamless and unabated as we head into the festive season and indeed all through the coming year 2025.”
Recall that Nigeria’s national grid experienced another collapse on Wednesday, the 11th time in 2024 as Gencos couldn’t generate enough power, compounding issues facing the Nigerian power sector.
This was the first time in over a month as the last time the nation witnessed a nationwide shutdown in electricity supply was on November 7, 2024.
Before then, the country was experiencing an incessant collapse of the grid, which prompted the federal government to set up a team to address the issue.
By Aduragbemi Omiyale
Nigeria is currently experience a cut in power supply after the national grid collapsed for the 11th time in 2024.
This is the first time in over a month as the last time the nation witnessed a nationwide shut down in electricity supply was on November 7, 2024.
Before then, the country was experiencing an incessant collapse of the grid, which prompted the federal government to set up a team to address the issue.
However, just when Nigerians were thinking they will not witnessed another national grid collapse in the year, it issue reared its ugly head again.
On Wednesday afternoon, most of the energy distribution companies suffered power outage, prompting them to inform their customers of the situation.
One of the DisCos, Ikeja Electric Plc, in a message to electricity consumers under its franchise area, said, “Please be informed that we experienced a system outage today, December 11, 2024, at about 13:32 hours affecting supply within our network.
“Restoration of supply is ongoing in collaboration with our critical stakeholders. Kindly bear with us.”
Recall that on Tuesday, in a report, Google listed national grid as one of the top trending searches by Nigerians this year.
-
Feature/OPED5 years agoDavos was Different this year
-
Travel/Tourism8 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz2 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking6 years agoSort Codes of GTBank Branches in Nigeria
-
Economy2 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking2 years agoFirst Bank Announces Planned Downtime
-
Sports2 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
-
Technology4 years agoHow To Link Your MTN, Airtel, Glo, 9mobile Lines to NIN