Tensions are rising within the maritime sector as the Ports Terminal Multi-Services Limited (PTML) Command of the Nigeria Customs Service enforces a 4 per cent charge on Free on Board (FOB) services, despite pushback from industry stakeholders.
The charge, which took effect on February 10, is part of the Customs Service’s efforts to boost revenue and fund its operations. Comptroller DM Daniyan, the Customs Area Controller of the PTML Command, defended the decision, emphasizing that increased funding is crucial for efficient service delivery and meeting government obligations.
However, freight forwarders and logistics operators argue that the policy’s implementation was rushed, leaving importers unprepared for the financial burden. The chairman of the Africa Association of Professional Freight Forwarders and Logistics of Nigeria (AAPFFLON), Jude Ige, warned that the additional cost could lead to higher prices for imported goods. He urged Customs to reconsider the timing.
Similarly, Chairman of the Association of Registered Freight Forwarders of Nigeria (AREFFN) PTML chapter, Emmanuel Ohambele, called for a 60- to 90-day grace period. He stressed that stakeholders need time to educate importers on the financial implications of the new charge to avoid disruption in trade activities.
Despite these appeals, the Customs Service has already rolled out the new charge at the Tin Can Island and Apapa Commands, signaling a broader nationwide implementation.
Prominent car manufacturer, Nissan has recorded a net loss of 700 billion yen to 750… Read More
The United States has urged the World Bank to reduce lending to middle-income countries and… Read More
Michael-Nwadu Omolara, Chief Financial Officer of MTN’s MoMo Payment Service Bank, has been vested 49,067… Read More
German authorities have launched a homicide probe into the death of a 21-year-old African migrant… Read More
Justice Emeka Nwite of the Federal High Court sitting in Abuja on Thursday ordered the… Read More
Tensions between India and Pakistan have escalated following the killing of 26 men at a… Read More