NIGERIAN PORTS AUTHORITY BEGINS NXP IMPLEMENTATION
The Nigerian Ports Authority (NPA) has directed its technical partners,the Truck Transit Parks Limited (TTP), to enforce the mandatory implementation of the Nigeria Export Proceed (NXP) as an integral part of export cargo processing and procedures.
The directive is intended to streamline export operations and enhance efficiency across the Nigerian ports.
In a Notice to stakeholders in the maritime industry issued last week, the management of TTP said that all stakeholders are kindly required to familiarize themselves with the NXP requirements and adhere strictly to the new procedures.
According to the Notice, Compliance is essential to avoid disruptions in the processing and transportation of trucks carrying export goods.
The Notice on the implementation of the NXP reads “Mandatory Implementation of Nigeria Export Proceed (.NXP) for Export Trucks. The Nigerian Ports Authority (NPA) has directed that, effective February 3, 2025, the implementation of the Nigeria Export Proceed (NXP) will be mandatory for the movement of all export trucks to the port.
“This measure is aimed at streamlining operations and enhancing the efficiency of export processes.
“To ensure a smooth transition, all stakeholders are required to familiarize themselves with the NXP requirements and adhere strictly to the new procedures. Compliance is essential to avoid disruptions in the processing and transportation of export goods.
“We appreciate your cooperation and commitment to seamless port operations.
Reacting to the development, Managing Director of Diamond Star Export Processing Terminal, Mr. Olatunji Baale said that the new policy is to ensure that the Federal Government proceeds from export trade are repatriated while also tracking movements of these proceeds.
Baale also said that the government wants to ensure that exporters comply with the necessary regulations guiding export trade .
He said: “Exporters are expected to carry out some documentations with their Banks with a view to ensuring that Foreign currencies are repatriated back to the country.
