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 
Resolve The Crisis in Your Party First Before Talking About Nigeria - Akpabio Tackles Peter Obi
Man Madu Simon Arrested As NAFDAC Bust Lagos Outlet Where Expired Drinks Are Sold (VID)
IPOB Leader, Nnamdi Kanu Clears The Air On His Role in 2020 #EndSARS Protest
Moment A Man Stole iPhone 14 Pro Max & Samsung Phone While Salesgirls Were in Deep Sleep
Fan Gushes As MC Oluomo’s Daughter Gets Engaged
Mayor Of Boston Celebrates Nigerian Singer, Rema’s Role In Championing Afrobeat Worldwide