ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Saturday, January 23, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Tomatoes harvested in Akwa Ibom farms

Tomatoes harvested in Akwa Ibom farms

NAIC inaugurates committee to implement insurance against haulage losses

The Nigerian Agricultural Insurance Corporation (NAIC) has introduced the National Transit Insurance Scheme (NATIS) and National Anti-Multiple Taxation Scheme (NAMTAXS) to indemnify losses in the food haulage process.

byMary Izuaka
November 13, 2020
2 min read
ADVERTISEMENT

The Nigerian Agricultural Insurance Corporation (NAIC) has inaugurated a committee to implement the National Transit Insurance Scheme (NATIS) and National Anti-Multiple Taxation Scheme (NAMTAXS) introduced to provide insurance cover against losses in the haulage process.

NAIC inaugurated the implementation committees on Thursday in Abuja. The committee is made up of five subcommittees on welfare, labour, media, finance and security.

Speaking at the event, the Managing Director of NAIC, Folashade Joseph, who was represented at the event by the agency’s Director of Operations, Bashir Babalola, said insecurity, poor state of roads and compromising activities of some transporters and freighters had, over the years, impacted negatively on the safety and ease of moving goods around the country.

She said NAMTAXS would confront the problems by providing indemnification against hazards which lead to hospitalization, injury or even death.

“We want to assure you that NAIC is committed to the success of the two schemes, NATIS and NAMTAX, and is ready to work with all parties involved.”

She said the implementation of the scheme would require the support of the government at all levels, including the armed forces, the police and all other security agencies.

She urged the committee members to regard their tasks as a national assignment being undertaken in the best interest of the economy.

Also speaking at the event, the Director of Finance and Accounts at the Association of Local Governments of Nigeria (ALGON), Salawu Ozigi, praised NAIC for introducing the schemes.

He said difficulties faced in transporting products, materials and equipment, especially agricultural products contribute to the high cost of food in the country.

RelatedNews

No Content Available

“The prices of food commodities are high because of the malpractices in the haulage of the items from the point of production to the markets and parks,’’ he said.

Mr Ozigi said between Calabar in the South-south and Sokoto in the North-west, there are 96 checkpoints where people pay levies that eventually reflect in the prices of the goods.

He expressed hope that NATIS and NAMTAX would force down prices and make food commodities affordable for Nigerians.

Dangote adbanner 728x90_2 (1)

“We need to consider this to mitigate the risk for transporters of agricultural commodities as well as bring down the prices of goods for every Nigerian,’’ he said.

Kingley Chikezie of the National Association of Agricultural Product Dealers (NAAPD) said the association signed an MoU with ALGON on July 24.

He said the implementation committee would ensure that multiple taxes along the Nigerian highways are eradicated. He added that NAAPD has set up a monitoring and compliance team to work with the police to achieve the committee’s mandate.

The NAIC chief executive said “many lives had been lost, health had been compromised and businesses had failed due to the problems in the haulage of commodities.”

She said the new schemes would provide mandatory protection for all goods in transit nationwide in the form of insurance.

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (0)
premiumtimes



PT Mag Campaign AD

Previous Post

INEC announces new date for six senatorial bye-elections, others

Next Post

Imo Assembly Speaker impeached

Mary Izuaka

Mary Izuaka

More News

ICRC

ICRC, IFRC celebrate as Prohibition of Nuclear Weapons Treaty comes into force

January 23, 2021
Alex Saab

Absence of Cape Verdean judge in ECOWAS court stalls Venezuelan diplomat’s case

January 22, 2021
Sepp Blatter

Ex-FIFA President Blatter in coma after heart operation

January 22, 2021
Sahel-region

Sahel reaches ‘grim milestone’ with 2m displaced – UN

January 22, 2021
Alex Saab

Cabo Verdean court places detained Venezuelan diplomat under house arrest

January 22, 2021
FILE: Nigerian trains [Photo: TW @MinTransportNG]

E-ticketing concessionaire paying N900m to run Abuja-Kaduna rail for 10 years

January 22, 2021
Next Post
Impeached Speaker of the Imo State House of Assembly, Chiji Collins. [PHOTO CREDIT: Facebook page of Mr Collins]

Imo Assembly Speaker impeached

Nigeria VS Sierra Leone [PHOTO: @NGSuperEagles]

Nigeria vs Sierra Leone (LIVE UPDATES): Super Eagles battle Leone Stars

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad




Advertisement






netherland biz school Advert

Zenith Advert

Heritage Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.