FG told to address gridlock at Tin-Can Ports

The Federal Government has been urged to tackle the issue of gridlock that has made free movement of vehicles impossible in the Tin-Can Island Port axis of Lagos State, in order to make the environment friendly for business operators.

Chairman, Danilux Paints, Daniel Raphael, made the call while speaking with newsmen in Lagos recently.

The Danilux Paints helmsman urged the government to try as much as possible to make shipment of materials in the Tin-Can Port accessible, contending that accessibility would encourage foreign investment, increase the country’s GDP and ensure local-content drive.

Speaking further, Raphael said the issue of high interest rate was a challenge especially concerning obtaining loan facilities from the banks, noting that there were still challenges even though the Bank of Industry (BoI) had made it fairer compared to what obtained in commercial banks.

“Although the Bank of Industry has made it fairer when compared to what obtained in commercial banks, there are still challenges. Getting Certificate of Occupancy takes a while and this certificate must be made available for any loan facility from the Bank of Industry.

“The issue of multiple taxation is still in existence despite several committees set up by the Painters Association of Nigeria (PAN) to dialogue and do a palliative measure to promote the ease of doing business,” the Danilux Paint boss explained.