Nigeria: Umar - High Interest Rate Killing Shipping, Manufacturing Sectors

29 November 2019

The Managing Director/CEO, Seatransport Services Nigeria Limited, Aminu Umar, in this interview, told Eromosele Abiodun how high interest rate and short-term loans from Nigeria banks are impacting negatively on the shipping and manufacturing sectors. He also supported the Nigerian Ports Authority's decision to dismantle the secured anchorage area. Excerpts:

The Apapa traffic gridlock has defied all efforts to resolve the situation. Can you say operators in the sea port have lost hope in what the task team is doing?

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.