The federal government, through the Nigerian Ports Authority (NPA), has announced a 15 percent tariff increase, the first in 32 years, the N.ation reports
NPA managing director Abubakar Dantsoho, who disclosed this on Thursday, 6 February, 2025 in Lagos during the stakeholders’ engagement, added that noted that the 15 percent ports tariff increment is across the board.
Represented by the Executive Director of Marine and Operations, Olalekan Badmus, Dantsoho explained that the agency had maintained the same rates for over three decades despite significant economic changes, including exchange rate fluctuations, rising wages, fuel and lubricant costs, and inflation.
This comes weeks after the Nigerian Communications Commission approved a telecommunications tariff hike capped at 50 percent.
Meanwhile, Nigerians and financial experts have criticised the Nigerian government’s revenue-driven posture at the expense of citizens’ welfare as economic hardship worsens.
Source: The Nation
