The Nigerian Shippers’ Council (NSC) has directed all shipping lines and their agents to immediately suspend the implementation of recently approved tariff increases across the nation’s ports.
The directive, issued as part of the Council’s statutory role as the economic regulator of the port and shipping sector, follows ongoing engagements with key industry stakeholders. According to the NSC, the decision was prompted by widespread concerns over the timing, structure, and potential impact of the new tariffs on port users and the broader logistics value chain.
In a firm stance to maintain fair competition, transparency, and stability within the sector, the Council ordered all operators to revert to the tariff regime that was in place prior to the increase. It emphasized that any failure to comply with this directive would be considered a breach of regulatory obligations and would attract sanctions in accordance with existing laws.
The NSC noted that the suspension would remain in effect pending the outcome of comprehensive stakeholder consultations and an internal regulatory review. A final decision on the tariff adjustments will be communicated after these processes are concluded.
Reaffirming its commitment to protecting cargo interests and promoting an efficient and equitable maritime transport system, the Council urged all operators to ensure strict and immediate compliance with the directive.
JUST IN: NSC Halts New Shipping Tariffs, Orders Immediate Reversion to Old Rates
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