The Federal Government has approved a 15% hike in port tariffs, the first adjustment in 32 years, through the Nigerian Ports Authority (NPA).
The announcement was made by NPA Managing Director, Dr. Abubakar Dantsoho, during an important maritime stakeholders’ meeting in Lagos.
This tariff review is intended to modernize port infrastructure, improve operational efficiency, and strengthen Nigeria’s competitiveness in global maritime trade.
Dr. Dantsoho further explained that the additional revenue will be used to fund essential upgrades, such as acquiring modern equipment and enhancing ICT systems.
“This adjustment is a necessary step toward reclaiming Nigeria’s position in cargo handling business and creating new job opportunities,” Dr. Dantsoho said.
He stressed that the tariff review would help implement the Port Community System (PCS) and aid in the development of the National Single Window (NSW).
The increase is set to affect several areas of port operations, including the rehabilitation of eastern ports and the reconstruction of the Escravos breakwaters.
However, industry stakeholders have shared mixed opinions on the decision.
Ukochukwu Nnadi, Head of the Shipping and Terminals Department at the National Association of Government Approved Freight Forwarders, cautioned that businesses and consumers would inevitably face higher costs as a result.
“Every additional cost, regardless of size, will ultimately be passed on to the end users,”Nnadi said.
Riwane Amuni of the Association of Nigerian Licensed Customs Agents acknowledged that the tariff increase was long overdue but expressed concerns that it would place an additional financial burden on consumers.
On the other hand, some stakeholders, like Joshua Asanga, supported the adjustment, highlighting the impact of inflation on current tariffs.
The Nigerian Ports Authority (NPA) argues that the increase is essential for addressing infrastructure gaps and aligning with global port management practices.
The NPA plans to allocate the additional revenue toward a comprehensive modernization of the ports and efforts to improve operational efficiency.
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