Nigerian Economy Under Threat: Expert Calls Out ICTN as Fraudulent

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Dr. Segun Musa, a renowned freight forwarder and Managing Director of Widescope Nigeria Limited, has vehemently condemned the International Cargo Tracking Note (ICTN) as a “fraud” that will further cripple the Nigerian economy.

Musa, who is also the National Vice President of the Association of Government Approved Freight Forwarders (NAGAFF), made this assertion while interacting with the leadership of the Maritime Reporters Association of Nigeria (MARAN).

Musa emphasized that the ICTN is essentially a duplicate of the Customs Risk Assessment Report, which already profiles all cargo entering Nigeria.

He warned that the reintroduction of ICTN would lead to increased costs for cargo clearance, ultimately harming the economy ¹.

The prominent freight forwarder also called for the automation of cargo clearance and delivery, stressing that transparency is essential for the Nigeria Customs Service.

Musa expressed concerns about the government’s handling of the Comprehensive Import Supervision Scheme (CISS), which he believes is illegal and fraudulent.

Additionally, Musa addressed the issue of foreigners dominating freight forwarding in Nigeria, arguing that freight forwarding is an international job that anyone can participate in.

He emphasized the need for a level playing field and government support for local businesses.

Musa further criticized the government’s decision to close the land border due to rice imports, labeling it as irrational.

He also expressed concerns about Nigeria’s ability to compete in the African Continental Free Trade Agreement (AfCFTA) due to its limited production capacity.

In conclusion, Musa’s statements highlight the need for urgent reforms in Nigeria’s maritime and customs sectors to prevent further economic damage.

By Esther Komolafe

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