Stakeholders seek establishment of shipping regulatory agency

Stakeholders in the Nigerian shipping industry have called for creation of a strong regulatory agency to administer Nigerian Shipping activities.

Speaking variously on Monday, during a public hearing on Repeal of the Nigeria Shippers’ Council Act (CAP. N133, LFN., 2004) and Enact the Nigeria Shipping and Port Economic Regulatory Agency Bill 2024,organised by the House Committee on Shipping Services, Port and Harbor, Maritime Safety, Education, and Administration in Abuja, stakeholders were unanimous in their presentations that time had come for a regulatory agency to be established to streamline procedures and eliminate any constraints that were present in the 2004 Act.

Declaring the event open,the Speaker, House of Representatives, Hon. Tajudeen Abbas,noted that to effectively fulfil its expanded mandate as the Port Economic Regulator, it is imperative therefore that the necessary legislative bill is passed.

Speaking through his representative and member representing Jibia/Kaita Federal Constituency of Katsina State,Hon. Sada Soli,the speaker,who noted that the Nigerian Shippers’ Council has evolved significantly from its original role as a protector of shippers’ interests,said the council had “become the economic regulator of the entire Nigerian port system, a responsibility that extends beyond the Nigerian Ports Authority to include all stakeholders within the port ecosystem.”

He explained that,”Our convening here today is a testament to the dedication of the People’s House towards our economic growth, development, and Diversification as well as strengthening the new Ministry of Marine and Blue Economy. “

Abbas said:”The wide range of stakeholders present today also underscores the gravity with which this legislative body is addressing the proposed bill.

“It also serves as evidence of the comprehensive and inclusive nature of the newly revised bill. This updated legislation aims to streamline procedures and eliminate any constraints that were present in the 2004 Act.

“This re-enacted bill not only seeks to ensure that the proposed agency establishes an economic regulatory framework for effective and efficient regulation of commercial and related activities in the shipping and port sector but also aims to create an enabling environment for private sector participation in the provision and operation of regulated services in Nigeria amongst others

“It is worthy of note, that the Nigerian Shippers’ Council has evolved significantly from its original role as a protector of shippers’ interests.

“It has now become the economic regulator of the entire Nigerian port system, a responsibility that extends beyond the Nigerian Ports Authority to include all stakeholders within the port ecosystem. This comprehensive oversight covers the regulation and control of tariffs, rates, charges, and other economic services associated with port operations.

“The amended bill encompasses critical provisions addressing several key areas essential for the effective functioning of the Nigerian Shippers’ Council. It details the structure and responsibilities of the management and staff, establishing a clear governance framework that defines roles and qualifications to ensure competent oversight. Additionally, the bill lays out financial provisions, specifying guidelines for the allocation, management, and auditing of funds, which is crucial for maintaining financial integrity and providing the Council with the necessary resources to perform its duties. The bill also addresses offences and penalties, outlining specific non-compliance issues and their corresponding penalties.

“A public hearing is a crucial platform for collecting public testimony, insights, and feedback from all interested stakeholders and the public at large. It serves as an open forum where diverse voices can be heard and considered. I extend my heartfelt appreciation to the stakeholders, invited guests, Civil Society Organizations, and all well-meaning Nigerians who have graciously accepted our invitation to participate in this important public hearing. Your presence and contributions are invaluable as we work towards finalizing and passing this bill into law. Your input ensures that the legislative process remains transparent, inclusive, and reflective of the diverse perspectives and needs of our society.

“As we engage in discussions today, let us remain aware of the immense responsibility we hold on behalf of all Nigerians. The decisions made in this public hearing will significantly influence the economic future of our nation. The outcomes of our deliberations will directly impact the efficiency and effectiveness of our port system, which in turn affects the broader economy and the livelihoods of countless citizens. It is imperative that we approach our task with diligence, consideration, and a commitment to the public good, ensuring that the final legislation serves the best interests of all.

He encouraged all Nigerians and interested parties to promptly submit their memoranda to facilitate the deliberations and decision-making processes within the house.

“Timely submissions allow us to thoroughly review and consider all perspectives, insights, and recommendations. This ensures that our legislative actions are well-informed and reflective of the diverse needs and concerns of the populace,”he explained.

On his part,the Minister of Blue Economy, Mr. Gboyega Oyetola, who was also represented at the occasion by his Ministry’s Permanent Secretary,Mr. Oloruntola Olufemi, said it would be a welcome development if the bill became an act.

While canvassing for assistance for the passage,he said the establishment of the bill as a regulatory agent,would improve the nation’s economy.

Also speaking,Chairman of the Committee,Hon. Abdulsamad Dasuki, promised to provide the legislative framework that would allow the bill to become an act.

He said:”This proposal is aimed at providing the regulatory framework aimed at providing the enabling environment in Nigeria.”

On his part,Chairman, Shipping Line Association, Chairman, Shipping Line Association of Nigeria, said that any act that will improve efficiency, lower cost, and reduce the bottleneck that we currently face will be most welcome.

She stated that the Nigeria Port cost the country twice as much as others in the region, such as the Benin Republic, adding that there was a need to ensure that shopping businesses did not move away from Nigeria.

He added:”We must be more efficient, and we welcome this regulatory agency that will be created to make things more efficient.

“We have expressed our concern internally and externally, and this committee, which has been involved in this process, must work on some areas of concern.

“There are aspects that should be expunged, like sections 40, 42, 52, and a few others; we understand the reason behind this.

“We need to put in some checks and balances so that those in the saddle will not abuse it.”