Executive Summary
Stakeholders in Nigeria's freight forwarding and clearing sector are urging the Federal Government to review revenue generation tariffs and enforce local content laws. Kenneth Ofurum, a private practitioner speaking for the group, stated that rising tariffs are stifling trade and harming indigenous businesses. He also noted that the current tariff regime has led to a surge in unclaimed cargo at ports, increasing costs for importers. Haruna Omolajumo, Managing Director of Harsecom Logistics Limited, emphasized the need for policies that guarantee local participation in maritime business, citing Ghana as an example. The stakeholders are concerned that the government's revenue generation efforts are undermining trade and crippling local enterprises.
- Nigerian freight forwarders are calling for tariff reforms to boost trade and protect local businesses from crippling costs.
What Is Driving The Story?
- High revenue generation targets.
- Lack of local content enforcement.