MAN Appeals to NPA on 15% Ports Tariff

The Manufacturers Association of Nigeria (MAN) is imploring the Nigerian Ports Authority (NPA) to shelve the proposed 15% tariff increase and instead collaborate with stakeholders to explore sustainable alternatives for revenue generation. Speaking through its Director-General,  Segun Ajayi-Kadir,  MAN, said ” While we acknowledge the need for revenue generation, increasing port tariffs in the current…

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“In a country where 129 million are living below the poverty line amid harsh economic conditions, importers will inevitably pass this new fee of 4% FOB costs on to consumers, further straining the budgets of millions of struggling households. And industries that import their raw materials whose duties are only 5%, the customs agency will now charge importers an extra 80% of the duty amount as administrative fees.” – Bukola Saraki, former Senate President.

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