By Ifeoluwa Odunayo
The Nigerian Ports Authority (NPA), has approved a 15% tariff increase, its first adjustment in over three decades, citing economic pressures and rising operational costs.
Announcing the hike at a stakeholders’ meeting in Lagos, NPA Managing Director Abubakar Dantsoho—represented by Executive Director of Marine and Operations, Olalekan Badmus—said the decision was necessary to sustain port efficiency, enhance infrastructure, and improve service delivery.
The NPA noted that despite fluctuating exchange rates, inflation, and rising wages, tariffs had remained unchanged for 32 years.
While some stakeholders see the adjustment as long overdue, others fear it may raise the cost of doing business at Nigerian ports.
