The Nigerian Ports Authority (NPA) has announced a 15% increase in port tariffs, marking the first adjustment in 32 years. This decision has triggered concerns over a fresh wave of price hikes across various sectors of the economy.
The National Association of Government Approved Freight Forwarders (NAGAFF), represented by Mr. Ukochukwu Nnadi, has expressed concerns, stating that the increase will raise the cost of doing business, as additional expenses will ultimately be transferred to consumers.
Stakeholders in the maritime, importation, and logistics sectors fear that this tariff hike could further strain businesses, especially amid existing economic challenges. Many are calling for a review or phased implementation to mitigate the impact on businesses and the broader Nigerian economy.
| Posted: at | |
TRENDING GISTS 
Which Is More Important To You? Your Wife Or Ministry? – Mike Bamiloye Queries Colleagues
Reactions Trail Video Of Man Who Kills Neighbor During Fight in Rivers State
“My Love Left Me Crying” -Mr Eazi Surprises Temi Otedola For Her 29th Birthday
Nigerian Fraudster Spared Deportation After Judge Ruled Healthcare System In Nigeria Couldn't Meet Medical Needs Of His Wife And Children
BBNaija Star, BamBam Calls Out Nigerian Police As She Shares Recent Encounter
Everyone Should Stay Away From Crime - Kidnapper Laments As Edo Govt Demolishes His House