Business
THE Nigeria Ports Authority, NPA, has emerged as one of the best agencies of the Nigerian government in the just concluded Cohort #3 of the Presidential Enabling Business Environment Council, PEBEC.
According to PEBEC, NPA has the highest number of reform activities—63—double the average number of activities for other MDAs and nonetheless achieved a 100% feat.
The PEBEC report showed that the impact of the NPA reforms is far-reaching and would improve the overall effectiveness of the ports.
Interestingly, the most significant reform under cohort #3 is the reduction in export processing time after benchmarking against competing jurisdictions.
With what we have NPA can further reduce its processing time for exports from an average of 10 days to a timeline of 3-5 days, depending on the arrival of the lifting vessel.
Other reforms were embarked upon to ensure transparency, reduced costs, and streamlined processes.
F.A
June 30, 2024
Tags: NPA PEBEC
