Converseer
No Result
View All Result
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
    • Business
    • Education
    • Entertainment
    • Lifestyle
    • Science & Nature
    • Tourism
  • Trends
PRICING
SUBSCRIBE
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
    • Business
    • Education
    • Entertainment
    • Lifestyle
    • Science & Nature
    • Tourism
  • Trends
No Result
View All Result
Converseer
No Result
View All Result
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
  • Trends

Home » News » Maritime industry leaders call on the government to stop the 15% increase in port tariffs, cautioning against potential economic repercussions.

Maritime industry leaders call on the government to stop the 15% increase in port tariffs, cautioning against potential economic repercussions.

March 15, 2025
in News
Reading Time: 2 mins read

Maritime industry stakeholders have called on the federal government to suspend the recently implemented 15 percent tariff hike in port charges, warning that the increase threatens Nigeria’s competitiveness and could drive cargo traffic to neighboring countries.

The Shipping, Shipping Agencies, Clearing and Forwarding Employers Association (SSACFEA) made the appeal at a press conference in Lagos on Friday, where its president, Boma Alabi, criticized the government’s failure to consult industry operators before implementing the new tariffs.

Alabi expressed frustration over the lack of stakeholder engagement in the decision-making process, arguing that a hike in charges without due consultation could cripple the shipping sector.

“We were not informed about the charges before the government implemented them,” Alabi said. “The government should try to make the ports competitive and attractive, which can be achieved through a reduction of port charges.”

She noted that Nigeria already loses significant cargo traffic to ports in neighboring countries due to high costs, warning that the new tariff hike would worsen the situation.

According to Alabi, Nigerian ports are among the most expensive in the region, a major deterrent for shipping lines. She provided a stark comparison of port charges, stating that while it costs $15,000 for ships to dock at some ports, Nigerian ports demand as much as $150,000.

The new tariff, she added, further inflates costs for importers.

“Before the implementation of the 15 percent port charges, bringing in a 40ft container already cost an additional N100,000, while a 20ft container cost N55,000,” she explained. “Now, with the tariff hike, it costs an additional N290,000 for a 40ft container and N145,000 for a 20ft container.”

Alabi compared these costs with other global ports, noting that while Singapore charges $29,000 for ship berthing, Abidjan charges $60,000, and China $35,000, Nigerian ports charge as much as $35,000, despite inferior infrastructure.

To address these challenges, Alabi recommended that the government reconsider port charges and introduce policies that would make Nigeria’s ports more attractive for global trade. She suggested re-dollarizing port charges for imports and exports, as well as investing in port expansion and infrastructure upgrades.

She stressed that neighboring countries, such as Ghana and Togo, have capitalized on Nigeria’s inefficiencies, drawing business away from the country.

Ramesh Saraf, deputy managing director of CMA CGM, echoed these concerns, calling for urgent government intervention to support the maritime industry. He highlighted the declining cargo volume at Nigerian ports compared to regional competitors.

“Tema Port’s Terminal C handled 1.9 million TEUs in 2024, while Nigerian ports managed just 1.2 million TEUs,” Saraf stated. “Lekki Deep Sea Port, which started operations in April 2023, is running at less than half capacity due to high operational costs—three times higher than in other global ports.”

The Nigerian Ports Authority (NPA) justified the tariff increase, stating that it was the first in 32 years and was necessary to fund infrastructure upgrades and equipment modernization. The NPA secured the required approvals on February 6, arguing that the adjustments would improve efficiency in the long run.

However, industry players insist that the policy, if not reviewed, will stifle growth and push Nigeria further behind its regional competitors in maritime trade.

RelatedNews

Fire razes SPAR Calabar Mall, destroys shops, goods
Business

Each SPAR Calabar Mall fire victim to get ₦25 million from FG

September 5, 2026
C’River Road Maintenance Agency tackles potholes, drainages in Calabar South
News

C’River Road Maintenance Agency tackles potholes, drainages in Calabar South

September 3, 2026
Orok Duke unveils vision for bigger, bolder Tinkoriko 2027
News

Orok Duke unveils vision for bigger, bolder Tinkoriko 2027

August 31, 2026
News

Embracing Remigration: We Owe Foreigners Nothing

August 30, 2026
News

Xenophobic attacks: Tinubu demands AU’s urgent action against South Africa

August 30, 2026
News

Edo Hotel CEO Accused Of Detaining Two Men For Two Weeks Over Video Of N4,700 Food Dispute, Demands N7.2Million

August 30, 2026
Next Post

Kentucky day care worker accused of pulling 1-year-old child’s hair, causing bald spot

Crocs Kids' Classic Clog | Girls and Boy Shoes K Bone, Now 50% Off

Latest News

LIVE STREAM: Al Ittihad vs Al Nassr | Saudi Pro League

LIVE STREAM: Al Ittihad vs Al Nassr | Saudi Pro League

September 5, 2026
LIVE STREAM: Schalke 04 vs Bayern Munich | Bundesliga

LIVE STREAM: Schalke 04 vs Bayern Munich | Bundesliga

September 5, 2026
ALGON Chairman lauds Otu for revamping Chronicle

ALGON Chairman lauds Otu for revamping Chronicle

September 5, 2026
LIVE STREAM: Nottingham Forest vs Tottenham Hotspur | Premier League

LIVE STREAM: Nottingham Forest vs Tottenham Hotspur | Premier League

September 5, 2026
Fire razes SPAR Calabar Mall, destroys shops, goods

Each SPAR Calabar Mall fire victim to get ₦25 million from FG

September 5, 2026

Topics

  • Latest News
  • Nigeria
  • Africa
  • Europe
  • Asia
  • Americas
  • United States

Social Media

  • WhatsApp
  • Facebook
  • X (Twitter)
  • YouTube
  • LinkedIn

Special Topics

  • Column
  • Bassey Otu
  • Bola Tinubu
  • Special Reports
  • Profile & Biography
  • Opinion
  • Latest News
  • About
  • Advertise
  • Contact
  • Daily Newsletter
  • Privacy Policy
  • Terms Of Use
  • Write For Us

© 2026 Converseer.

No Result
View All Result
  • About
  • Advertise
  • Contact
  • Daily Newsletter
  • Privacy Policy
  • Terms Of Use
  • Write For Us

© 2026 Converseer.