ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Maritime

Taiwo Afolabi Urges FG to Modernise Eastern Ports, Ease Pressure on Lagos Facilities

Victoria Emeto by Victoria Emeto
June 8, 2026
in Maritime
0
Taiwo Afolabi Urges FG to Modernise Eastern Ports, Ease Pressure on Lagos Facilities

Chairman of SIFAX Group, Dr. Taiwo Afolabi, has called on the Federal Government to prioritise the rehabilitation and expansion of Nigeria’s eastern ports to boost economic activities and reduce congestion at the Lagos ports.

Afolabi made the appeal while receiving the Executive Secretary and Chief Executive Officer of the Nigerian Shippers Council, Dr. Akutah Pius Ukeyima, at the SIFAX Group headquarters in Lagos.

According to him, years of inadequate attention to eastern ports have negatively affected Nigeria’s overall port efficiency and placed excessive pressure on facilities in Lagos.

He noted that economic activities at the nation’s ports have continued to increase annually, with the bulk of the traffic concentrated in Lagos. This, he said, has stretched existing infrastructure beyond its capacity and contributed to recurring congestion.

Afolabi urged the government to extend its ongoing port modernisation programme to the eastern corridor in order to create a more balanced and efficient maritime sector.

He specifically called for the dredging of key eastern ports, including Warri, Onne and Calabar, to enable larger vessels to berth safely and facilitate increased cargo traffic.

According to him, developing these ports would reduce the burden on Lagos facilities and create new opportunities for trade and investment across the region.

The SIFAX Group chairman also highlighted the persistent challenges along the Tincan Island Port corridor. He said the route has struggled for years under traffic volumes far beyond what it was originally designed to handle.

He added that the recurring gridlock in the area has increased business costs, frustrated transport operators and slowed economic activities linked to port operations.

Speaking during the visit, Ukeyima commended Afolabi and SIFAX Group for their contributions to the growth of Nigeria’s maritime sector.

He described the company as one of the country’s leading maritime investors and praised its role in leveraging opportunities across the maritime value chain to support economic development.

The Nigerian Shippers Council boss also pledged continued collaboration with SIFAX Group and other stakeholders to promote growth and improve efficiency within the maritime industry.

Stakeholders believe that expanding and modernising eastern ports could help unlock new economic opportunities, improve cargo distribution and strengthen Nigeria’s position as a regional maritime hub.

Previous Post

CBN Mops Up N3.04tn Through Oversubscribed OMO Auction

Next Post

GenCos Say Tinubu’s Approved N3.3tn Power Debt Settlement Yet to Reach Operators

Victoria Emeto

Victoria Emeto

Next Post
GenCos Say Tinubu’s Approved N3.3tn Power Debt Settlement Yet to Reach Operators

GenCos Say Tinubu’s Approved N3.3tn Power Debt Settlement Yet to Reach Operators

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Asian Stocks Soar to Records as Global Rally Boosts Risk Assets

Global Markets Rally as AI Stocks Surge and Oil Slips on Middle East De-escalation

June 9, 2026
Oil Prices Steady Amid New EU Sanctions and Market Uncertainty

Oil Prices Dip as Iran–Israel Pause Eases Supply Risk Fears

June 9, 2026
Guinea Insurance Deposits N1.5 Billion with CBN to Meet NIIRA 2025 Capital Rules

Guinea Insurance Deposits N1.5 Billion with CBN to Meet NIIRA 2025 Capital Rules

June 9, 2026
African Insurance Leaders Push for Reforms to Unlock $68 Billion Market Potential

African Insurance Leaders Push for Reforms to Unlock $68 Billion Market Potential

June 9, 2026
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

Asian Stocks Soar to Records as Global Rally Boosts Risk Assets

Global Markets Rally as AI Stocks Surge and Oil Slips on Middle East De-escalation

June 9, 2026
Oil Prices Steady Amid New EU Sanctions and Market Uncertainty

Oil Prices Dip as Iran–Israel Pause Eases Supply Risk Fears

June 9, 2026
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!