The Nigerian Shippers’ Council, NSC, has said that the implementation of its International Cargo Tracking Note, ICTN, will commence by second quarter of 2025.

This development is expected to tighten oversight on cargo movements and significantly increase transparency.

As at October 2024, Nigeria had lost about $2.5 billion in five years, $500 million annually over non-implementation of the ICTN.

The Executive Secretary of Nigerian Shippers’ Council, NSC, Pius Akutah, said that the Council’s 2025 budget would be anchored on the one per cent freight stabilization fee based on provisions in its current law.

He spoke at the Council’s 2025 Management Retreat in Ibadan, saying that under the guidance of the Federal Ministry of Marine and Blue Economy, the ICTN would set the stage for enhanced revenue generation and operational oversight.

According to him plans are under way to translate the NSC into the Nigerian Shipping and Ports Economic Regulatory Agency, NPERA, to boost the agency’s regulatory role within the maritime industry.

https://www.vanguardngr.com/2025/01/shippers-council-commences-ictn-implementation-q225/