Markets

NSC: Transport Minister Seeks Support for Economic Regulator

The Minister of Transport, Senator Idris Umar, has called for co-operation and support for the newly appointed economic regulator in the nation’s ports, Nigerian Shippers Council (NSC).
 
Umar stated this when a group of maritime stakeholders visited him in his office in Abuja.
 
According to a statement issued by the Special Assistant on Media to the minister, Mr. Innocent Ebirim, which was made available to THISDAY, Umar said all operators in the Nigerian ports particularly the concessionaries should give their maximum support and cooperation to NSC in its regulatory role to sanitise the excesses at the ports.
 
The minister confirmed that there was a presidential directive appointing the shippers council as the economic regulator  in the nation’s ports with effective administrative backing of the federal ministry of transport in order to put in place a proper and robust regulatory regime to drive the sector efficiently.
 
“The Nigerian Shippers Council will perform the statutory regulatory role at the ports in the interim, pending the passage of the National Transport Commission bill into law.
 
“The presidential directive appointing council as the Economic Regulator is part of the on-going ports reforms to reposition the sector for efficiency and improved service delivery,” the statement quoted the minister as saying.
 
According to the statement, the details of the modalities and framework for the operation of the council are being worked out between the relevant government agencies and maritime stakeholders and will be unveiled soon.
 
The minister also gave assurances of the ministry’s effective supervision to ensure that the regulatory regime is successful and therefore urged the NSC to brace up for the tasks ahead.

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