The Chairman of STOAN, Princess Vicky Haastrup, who spoke to Leadership over the weekend, said inconsistent government policies have held the maritime industry down.
Haastrup who is also the Executive Vice Chairman of ENL Consortium, operator of terminal C&D, Apapa Port, Lagos further stated that private investors need government confidence which can only be achieved through consistent policies. According to her, the maritime industry is second to oil with huge potentials only if the right policies are made.
She said: “Businesses owners need consistent government policies before they can open letter of credit or source for foreign exchange from the black market to bring goods into the country.
“For instance, Customs tariff keeps changing from time to time and before it changes for instance an importer of goods will have shipped his cargo from wherever it is and before the cargo lands, Customs has increased the tariff on such cargo then that business owner is already messed up and got into trouble financially so this are all the fortunes we need to sync.
She noted that port industry has a huge potential only if the right policies are applied, adding that the port industry is second to oil it is such a huge industry because it comprised of big operators such as – Terminal operators, Truck Operators, Shipping Companies, Clearing Agents.