Plus234Feed

Nigerian Ports Face Crisis Over Arbitrary Charges

Importers in Nigeria are facing heightened anxiety due to arbitrary charges imposed at ports, which persist despite the expiration of a 10-year concession license granted under a port reform program supervised by the Nigerian Port Authority (NPA). The concession, initially set to expire in 2021, has led stakeholders to demand an urgent review of the port concession program initiated in 2000.

The current system, which includes privatized terminal operations across major ports, has resulted in significant operational costs for importers. For instance, Lagos-based exporter Ikechukwu Anthoni reported that additional charges are not clearly approved by regulatory authorities, leading to financial strain.

The total cost of importing through Nigerian ports has reached approximately $2,500, significantly higher than neighboring West African countries. The Nigerian Shipper Council's executive secretary, Piu Akutah, emphasized the need for clear tariff structures and regulatory oversight to address the challenges posed by hidden fees and arbitrary charges.

Plus234Feed summary based on reporting from Daily Trust. Read the original report below.

Read full article

Continue on Daily Trust

Visit
Share