Fed Govt goes tough on arbitrary port charges

Plans are under way by the President Muhammadu Buhari administration to end arbitrary charges at the nation’s sea ports, The Nation has learnt.

The Federal Government, it was gathered, has finished its study of the various tariffs across ports in West Africa, and determined to ensure that Nigerian ports are competitive compared to its neighbours.

Speaking with The Nation at the weekend, a senior official of the Federal Ministry of Finance (FMoF), who craved anonimity, said the government was reviewing the concession agreement to make the ports attractive and competitive by eliminating the legion of arbitrary charges importers and their clearing agents are being made to pay by the private terminal operators.

The President Muhammadu Buhari administration, the official said, was going tough on arbitrary charges based on the economic diversification agenda of the government.

The Nation, November 27, 2018

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