Nigerian Shipping Lines Consider Strike Over New Tax Regime

The Nigerian maritime sector is experiencing tension as shipping lines contemplate a strike following the implementation of a new tax regime by the Tinubu government starting January 1, 2026. The Federal Government's tax overhaul aims to simplify taxation, promote economic growth, and enhance revenue collection.

However, the new tax policies have triggered reactions among stakeholders, with fears of increased freight charges and additional costs for businesses operating in Nigeria's seaports. The Nation Council of Managing Director of Licensed Customs Agents has criticized the potential fare hikes by shipping companies, warning of possible industrial actions and negative impacts on the sector.