Says Protests Affect The People and Economy 

Following lingering protests and unruly conducts with the Lagos port vicinity, the Nigerian Shippers’ Council (NSC), in the exercise of its statutory mandate as the economic regulator of the port and shipping sector, has directed all shipping lines and their respective agencies to immediately suspend the implementation of the recently approved tariffs.

The Council  said in a statement that the directive is issued pursuant to ongoing engagements with critical stakeholders and in response to substantive concerns raised regarding the timing, structure, and potential impact of the said tariffs on port users and the wider logistics value chain.

“In order to safeguard fair competition, transparency, and sectoral stability, the Council considers it necessary to halt further implementation pending the conclusion of comprehensive consultations and regulatory review” the Council said.

Speaking further on the immediate reversal of all recent tariff hikes, the Council said emphatically:

“All affected operators are mandated to revert to, and apply strictly, the tariff regime that was in force immediately prior to the said increase”

“Any deviation from this directive shall constitute a breach of regulatory compliance and will attract appropriate sanctions in line with extant laws and regulations”

The Council assures that upon conclusion of stakeholder consultations and internal review processes, it shall communicate a definitive position on the matter.

“The NSC remains resolute in its commitment to effective economic regulation, protection of cargo interests, and the promotion of an efficient and equitable maritime transport system as
all operators are hereby enjoined to ensure strict and immediate compliance” the Council reiterated