BREAKING: NPA announces 15% tariff increase after 32 years

February 6, 2025 Sharpnews Breaking News 0

The Nigerian Ports Authority (NPA) has announced a 15% increase in its tariffs, marking the first adjustment in 32 years......CLICK HERE TO CONTINUE READING>>>.....CLICK HERE TO CONTINUE READING>>>

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The announcement was made on Thursday in Lagos during a stakeholders’ engagement session.

The NPA’s Managing Director, Abubakar Dantsoho, explained that the tariff increment was necessary due to significant economic changes over the years, including fluctuations in exchange rates, rising wages, and the increasing costs of fuel and lubricants.

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Dantsoho, represented by Olalekan Badmus, the Executive Director of Marine and Operations, emphasized that the agency had maintained the same tariff rates for over three decades despite these economic challenges.

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More details to follow…

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(Nation)

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