’Femi AsuPort operations at Apapa and Tincan ports have worsened the plight of many importers, exporters, traders, and manufacturers as movement in and out of the ports remain a challenge, the Lagos Chamber of Commerce and Industry said on Tuesday. She said, “Haulage fees have skyrocketed due to the cumbersome ports and document processes, which have made port users incur more costs. She said, “We are bothered about the mounting public debt and the increasing pressure of debt servicing on the nation’s finances. “Resort to borrowing from Central Bank of Nigeria’s financing through ways and means to bridge budget shortfalls poses a major risk to macroeconomic stability. She said the Federal Government should slow down in mounting pressure on revenue-generating agencies to achieve revenue targets.

Source: Punch January 26, 2021 23:56 UTC