LCCI Advocates rail System To Speed Up Cargo Clearance
The chamber described the menace of trucks and trailers on the roads as unbearable.
In a statement signed by the President of the chamber, Remi Bello, the 48 hours cargo clearance target set by government is far from being achieved at this time.
Major problem areas identified by the chamber were delays in the positioning of cargo at the port terminals and inadequate equipment for cargo handling, among others.
According to the chamber, the implication of these challenges include high demurrage charges arising from delays in clearing of cargo, disruption of production schedules of manufacturers as raw materials are not delivered in good time to factories and high cost of fund on borrowed funds by importers.