The recent tariff hike in the nation’s marítime sector has been linked to the N14.260 trillion revenue targets slammed on the various agencies in the sector by the National Assembly.

LEADERSHIP Weekend reports that the National Assembly Joint Committee on Finance increased the revenue projection of the Nigeria Customs Service (NCS) from N6.5 trillion to N12 trillion for 2025.

The committee also raised the Nigerian Ports Authority (NPA) 2025 revenue from N997 billion to N1.75 trillion, while the Nigerian Marítime Administration and Safety Agency (NIMASA) projected a revenue target of N560 billion.

The Joint Committee on Finance is chaired by Senator Sani Musa and Hon. James Faleke of the House of Representatives.

However, since the announcement of the increase in the revenue target, the concerned agencies have either introduced a new surcharge or reviewed their tariff upward.

For instance, the Nigeria Customs Service. Introduced the 4% Free on Board (FoB), fee on importers and clearing agents as contained in the Nigeria Customs Service Act, 2023. Also, the NPA reviewed its tariff by 15 per cent.

https://leadership.ng/nass-n14-260trn-revenue-target-triggers-tariff-hike-in-maritime-sector/