By The recent increase in tariffs within Nigeria’s maritime sector has been attributed to the National Assembly’s ambitious N14.26 trillion revenue target for key agencies in the industry.
According to LEADERSHIP Weekend, the National Assembly Joint Committee on Finance significantly raised the revenue projections for the Nigeria Customs Service (NCS), Nigerian Ports Authority (NPA), and Nigerian Maritime Administration and Safety Agency (NIMASA) for 2025.
The NCS target was increased from N6.5 trillion to N12 trillion, while the NPA’s expected revenue rose from N997 billion to N1.75 trillion. NIMASA’s revenue projection was also adjusted to N560 billion.
Senator Sani Musa and Hon. James Faleke, who chair the Joint Committee on Finance, were instrumental in setting these revised targets, which have now led to tariff adjustments across the sector.
Stakeholders in the maritime industry have raised concerns about the impact of these hikes on trade, logistics, and overall economic activity, warning that the increased costs could be passed down to importers and consumers.
As the new tariffs take effect, businesses and industry leaders are urging the government to implement policies that balance revenue generation with the need to keep trade competitive and sustainable.
