Breaking News

CTN boost govt. revenue by N380m in five months

The Cargo Tracking Note (CTN) introduced into the maritime industry by the current administration in December last year has generated a whopping 1.59 million Euro (about N380 million) into the coffers of government within its first five months of partial operation.

Managing Director of Nigerian Ports Authority, Mallam Abdul Salam Mohammed, who disclosed this last week in Abuja, said that apart from direct revenue generation into the coffers of government, CTN will also assist relevant Nigerian government agencies monitor Nigerian_bound cargo. Mohammed said that CTN, when fully implemented, is expected to generate about 10 million Euros into the coffers of government annually.

A maritime professional and National President of the National Council of Managing Directors of Licensed Customs Agents (NCMDLCA), Mr. Lucky Eyis Amiwero while speaking with reporters in Abuja, said that CTN is a global phenomenon, which should be embraced by Nigerians to enhance cargo security.

Speaking shortly after a stakeholders parley on the CTN scheme, Amiwero wondered why Nigeria has been dragging her feet over the implementation of CTN whereas 90 per cent countries are already using the system.

CTN, explained Amiwero, represents an additional layer of security to ensure goods reach their destination in the same condition as they began their journey, it includes processes and system to determine the location of the goods and helps ensure that their location is consistent with what is authorised and expected.
“CTN has become a global trend in the realms of international trade on the dual mission of protecting national security. It improves the ability to monitor the flow of goods to and from port, creates a more efficient system that saves time and money, while improving the quality of cargo monitoring”, he stated.
The fiery freight forwarder known for his antagonistic stand against the new shipping guidelines at inception stated that he had a change of mind after his self_sponsored researches on the advantages and disadvantages of the CTN. He stressed that the advantages of the programme far outweigh the disadvantage. According to him, Nigeria stands the risk of terrorism attack through seaports if CTN is not implemented since cargo security provisions under the International Maritime Organisation (IMO) acknowledged the importance of the maritime sector to international trade and security.
“The cargo security programme developed after 9/11 emphasised on provision of advance information of the shipment of goods to the importing country, which is a new protocol for Tracking and Screening of Cargo both from the country of origin to destination, which was adopted globally due to security threat on the supply chain.”
Cargo tracking covers the need for identification, statistic, transport cost (freight element), control, safety and increase security by providing information on the movement of the cargo throughout the international trade environment. Improve the ability to monitor the flow of goods to and fro, creates a more efficient system that saves time and money, while improving the quality of cargo monitoring, improve communication directly with customers and enable more exact time estimate.
Amiwero stated that it is now a global requirement for supply chain mechanism. It is new protocol in the global trend that was incorporated into international framework precipitated a change from inbound inspection and monitoring of cargo to outbound that is cargo tracking and screening, such as those under the World Customs Organisation (WCO) safe framework for container security and International Ship and Port facility code (ISPS).


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.