Business

Importers now free to import vehicles through Seme border in Lagos — Official

651

The Federal Government has approved the re-opening of the Seme border in the Badagry area of Lagos State with the Republic of Benin for the importation of vehicles into the country.

The Director of Road Transport in the Federal Ministry of Transportation, Mr Ibrahim Musa, disclosed this on Wednesday at the ECOWAS Monitoring Team’s visit to the Seme-Krake Joint Border Post in Seme.

A meeting between the officials of Nigeria and Benin was organized by the Economic Community of West African States (ECOWAS).

Musa said the approval for importation of vehicles through the land border followed complaints by freight forwarders operating at Seme border.

“I was here with the former Minister of State for Transportation when the freight forwarders pleaded that the border should be reactivated for the free movement of goods and services.

“The former minister made us prepare a memo to that effect. It was considered and sent to the government,” he said.

Also speaking at the meeting, the Customs Area Controller of Seme Command, Comptroller Dera Nnadi, said the Service had noticed a reduction in its revenue since the importation of vehicles was banned through the land borders far back 2019 by the administration of ex-President Muhammadu Buhari.

Nnadi said: “The former Minister of Transportation, responding to some of our requests and from the stakeholders, promised to take them to the Federal Executive Council, FEC, one of them is how to fully open this border.

“The Ministry has informed us that the memo has been written to FEC and it was adopted and that it would be given to the new government; he assured us that all the requests were adopted.”

Leave a comment

Related Articles

Polaris Bank wins “Best Mobile App” award at Digital Jurist Awards 2024

For its commitment to digital innovation and excellence, Polaris Bank has again...

SanDisk extreme portable SSD: A must-have for Nigerian remote workers, freelancers

Julius Babarinde As the Nigerian work environment continues to evolve, remote work...

Media capacity-building: Polaris Bank trains 5,000 Nigerian journalists in 10 years

As part of its media capacity-building initiative, Polaris Bank Limited, Nigeria’s leading...

Nigeria to issue diaspora bond in US, targets $1bln monthly remittances

Nigeria is planning to issue a diaspora bond in the United States...

System upgrade: FirstBank enhances supplier’s platform, guarantees uninterrupted, seamless services

FirstBank has reacted to a misleading report circulating in the media regarding...

Reps to CBN: Withdraw old naira notes before December 31 deadline

The House of Representatives has called on the Central Bank of Nigeria...

US-Nigeria trade relationship hits $10bln mark

The United States and Nigeria have achieved a remarkable milestone in their...

NNPC Retail Sensitizes Auto Mechanics on CNG Adoption, Unveils Oleum Lubricant Range

NNPC Retail Limited, a subsidiary of NNPC Ltd, has taken a significant...

Aliko Dangote’s wealth soars to $28bln as his oil refinery comes on stream

Aliko Dangote, Africa’s richest man, has seen his wealth more than double...

Naira Defies Global Trends, Appreciates 5.7% Against Dollar

The Nigerian naira staged a surprising comeback on Monday, appreciating 5.7 percent...

Naira appreciates 4.49% against the dollar, closing at N1,561.76

The Nigerian naira strengthened significantly against the US dollar on Tuesday, closing...

Nigeria’s foreign investment surges by 152% in Q2 of 2024

Nigeria’s foreign investments, also known as capital importation, have seen a significant...

African oil-producing nations secure 45% of $5bln Energy Bank funds

Afnations have made significant progress in establishing the Africa Energy Bank (AEB),...

FG’s fresh fiscal incentives to attract $10bln to oil and gas sector – Edun

The Federal Government unveiled fresh fiscal incentives to enhance Nigeria’s oil and...

UNGA 79: Creative Economy Ministry promotes investmemt drive,secures $200mn Afreximbank fund

The Federal Ministry of Arts,Culture and Creative Economy(FMACCE) had at the just...

UBA reports impressive 39.6 percent growth in gross earnings for first half of 2024

The United Bank for Africa (UBA) has announced a remarkable 39.6 percent...

FirstBank CEO, Alebiosu, at UNGA ’79, harps on financial inclusion in poverty eradication

In an exclusive interview with Arise TV on the sidelines of the...

Naira Plummets to N1,658.48 After Central Bank Raises Interest Rates

The Nigerian naira suffered a significant decline on Tuesday, dropping by 5.8%...

For the umpteenth time, CBN raises interest rate by 50 basis points to 27.25%

For the fifth time, the Central Bank of Nigeria (CBN) has announced...

FirstBank Sponsors Maiden Edition of Nigerian Fintech Festival Event in Lagos

The inaugural edition of the Nigerian Fintech Festival, the biggest fintech festival...