The implementation of a 15 per cent increase in port tariffs by the Nigerian Ports Authority (NPA) has triggered concerns among key stakeholders in the maritime industry, with experts warning that the move could render the nation’s ports uncompetitive compared to their counterparts across Africa and beyond. The new tariffs, which took effect on March 1, mark the first adjustment in port charges in 32 years. The NPA argued that the increase was necessary to modernise infrastructure and equipment at the ports. However, industry operators are calling for a review, claiming the hike has severely impacted their operations and raised concerns about the nation’s ability to retain cargo traffic. President of the Shipping Agencies, Clearing and Forwarding Employers Association (SSACFEA), Boma Alabi, speaking at a press conference in Lagos, criticised the tariff hike, describing it as excessive and implemented without adequate consultation with stakeholders. According to Alabi, the charges on a 40-foot container have skyrocketed from N100,000 to N290,000, while charges on a 20-foot container increased from N55,000 to N145,000.
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