The Nigerian Shippers’ Council (NSC), in line with its statutory role as the economic regulator of the nation’s port and shipping sector, has directed all shipping lines and their agents to immediately suspend the implementation of recently approved tariffs.
The directive follows ongoing engagements with key stakeholders in the maritime industry, as well as concerns raised regarding the timing, structure, and potential impact of the new tariffs on port users and the broader logistics value chain.
According to the Council, the suspension is necessary to preserve fair competition, ensure transparency, and maintain stability within the sector while comprehensive consultations and regulatory reviews are concluded.
In the interim, the NSC has instructed all affected operators to revert to the tariff regime that was in force prior to the recent adjustments. It stressed that strict adherence to this directive is mandatory.
The Council warned that any deviation from the order would constitute a breach of regulatory compliance and would attract appropriate sanctions in accordance with existing laws and regulations governing the sector.
The NSC further stated that a definitive position on the matter will be communicated upon the completion of stakeholder consultations and internal review processes.
Reaffirming its mandate, the Council emphasised its commitment to effective economic regulation, protection of cargo interests, and the promotion of an efficient, fair, and sustainable maritime transport system.
All operators have been enjoined to ensure immediate and full compliance with the directive.