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Nigeria's Maritime Sector Faces Tariff Changes and Policy Reforms in 2025

Business1 min read
Nigeria's Maritime Sector Faces Tariff Changes and Policy Reforms in 2025

In 2025, Nigeria's maritime sector faced challenges and reforms, including tariff increases initiated by the US under Donald Trump's administration. Nigeria Customs Service introduced a four percent FOB charge on imports to boost revenue, impacting businesses.

The government also approved a 90 percent duty waiver for imports under the African Continental Free Trade Area agreement. These changes influenced trade dynamics and port operations in Nigeria.

Plus234Feed summary based on reporting from Business Day. Read the original report below.

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