The Nigerian Ports Authority (NPA) has announced a 15% increase in its tariffs.
This marks the first adjustment in 32 years.
The 15% increase was disclosed on Thursday in Lagos during a stakeholders’ engagement session.
According to NPA Managing Director, Abubakar Dantsoho, the tariff increment was necessary due to economic changes over the years, including fluctuations in exchange rates, rising wages, and the increasing costs of fuel and lubricants.
Dantsoho, who was represented by Olalekan Badmus, the Executive Director of Marine and Operations, stressed that the agency had maintained the same tariff rates for over three decades despite these economic challenges.
