FREIGHT AGENTS OPPOSE PLANNED FUEL SURCHARGE BY SHIPPING COMPANY

Licensed customs agents have criticized a proposed fuel surcharge by a shipping company, describing the planned increase as an additional financial burden on importers and businesses already grappling with high operating costs.

The agents argued that introducing a new surcharge could raise the cost of clearing goods at Nigerian ports, ultimately leading to higher prices for consumers. They urged the shipping firm to reconsider the proposal, warning that the extra charge may slow trade activities and reduce the competitiveness of the country's maritime sector.

According to industry stakeholders, the proposed levy comes at a time when businesses are facing rising logistics expenses, foreign exchange pressures, and other operational challenges. They stressed that any additional cost should be introduced only after broad consultations with port users and relevant industry groups.

The agents called on regulatory authorities to closely monitor the situation and ensure that any new charges are transparent, justified, and in line with existing maritime regulations. They maintained that affordable shipping costs are critical to improving trade efficiency and supporting economic growth.