Nigeria suspends new shipping tariffs

The Nigerian Shippers Council (NSC) has directed shipping lines and their agencies to immediately suspend the implementation of recently approved tariffs.

The directive is contained in a notice issued by the council’s management and made available to journalists in Lagos on Friday.

It stated that the order followed ongoing engagements with key stakeholders to address concerns  about the timing, structure, and potential impact of the tariffs on port users and logistics operations.

“In order to safeguard fair competition, transparency, and sectoral stability, the council considers it necessary to halt further implementation,” it said, adding that the suspension would remain pending the conclusion of the consultations and subsequent comprehensive review.

“Accordingly, all affected operators are mandated to revert to, and apply strictly, the tariff regime previously in force,” the statement read, warning that any deviation would constitute a breach of compliance and attract sanctions.

“The council will, upon conclusion of consultations and internal reviews, communicate a definitive position on the matter,” the NSC said while reaffirming its commitment to effective regulation, protection of cargo interests for an efficient and equitable maritime transport system.

It urged all operators to ensure strict and immediate compliance.

(NAN)