Clearing costs across Nigerian ports have surged, putting pressure on importers and businesses
In less than a month, multiple government agencies, terminal operators, and shipping companies at Nigerian ports have raised their fees by nearly 100%, making cargo clearance unaffordable for many businesses.
The Guardian Nigeria reports that clearing costs across Nigerian ports have surged, with the price of processing a 40-foot container rising from N18–20 million to N26 million, while a 20-foot container has nearly doubled from N10.5 million to N20 million.
The Lagos port, in particular, has seen a sharp decline in activity, undermining Nigeria’s ease of doing business agenda.
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