By Mitchelle Uzorka, 06:06am
The Nigerian Ports Authority (NPA) on Thursday March 4, 2022 affirmed the designation of the Lilypond container terminal in Ijora, Lagos as a specialised processing and handling facility for the exportation of the country’s locally made finished and agricultural goods.
The Managing Director of the NPA, Mohammed Bello-Koko said the development will help ease the bureaucratic and logistical bottlenecks faced by exporters, thereby promoting better access of the country’s non-oil exports into international markets.
The NPA MD made the pronouncement at the NPA’s Special Day celebration at the ongoing 43rd Kaduna International Trade Fair in Kaduna State, where he disclosed that the Lilypond terminal would offer exporters a one-stop space to carry out their transactions at a reduced cost and time, thereby increasing their profit margin and competitiveness in the international market.
According to him, the fair’s 2022 theme, Re-strategizing Nigerian Economy for Global Competitiveness, underscores the Federal Government’s agenda on the diversification of the economy away from reliance on hydrocarbons, by focusing on industrial development, especially local manufacturing and large scale food production.