The Executive Secretary, Nigerian Shippers’ Council (NSC), Mr. Pius Akutah has unveiled the council readiness to target 1 percent Freight Stabilization Fee (FSF) in its budget for 2025.
He also revealed that NSC under the guidance of the Ministry of Marine and Blue Economy will commence implementation of the International Cargo Tracking Note (ICTN) by the second quarter of the year.
Akutah expressed optimism that NSC will soon transmute into the Nigerian Shipping and Ports Economic Regulatory Agency (NPERA).
The NSC helmsman noted that contrary to belief that the implementation of FSF would introduce additional costs at the ports the situation is akin to choosing what aspect of the Act to implement as the one per cent FSF was captured in the council’s 1978 Act.
His words: “Looking ahead, NSC 2025 budget is strategically anchored on the one per cent freight stabilization fee with plans to commence its collection upon presidential assent to the NPERA bill.
“Our focus during this retreat will revolve around four strategic priorities which include strengthening stakeholder engagement to foster inclusivity and collaboration, promoting transparency and fairness through predictable regulatory policies, enhancing operational efficiency to prepare for a seamless transition to NPERA, and driving sustainability by aligning economic growth with environmental responsibility.”
The NSC boss who disclosed this at the council’s 2025 management retreat in Ibadan recently stressed that the retreat was a value opportunity for the management to step back to reflect on achievements and plan for greater accomplishments.
He averred that under the guidance of the Federal Ministry of Marine and Blue Economy, ICTN is scheduled for implementation in the second quarter of 2025, setting the stage for enhanced revenue generation and operational oversight.
“As the programme outlines, each directorate has a clearly defined role, emphasizing the hands-on approach required to implement NPERA successfully. Let us seize this opportunity to shape a future of innovation, excellence, and progress,” Akutah added.