Operators in the clearing and forwarding industry in Nigeria are expressing concerns over the fluctuating foreign exchange rates and numerous dues at port entries, impacting businesses negatively. At a stakeholders workshop in Kano, industry players highlighted the challenges they face, including unknown charges imposed by regulatory agencies and cumbersome processes that hinder ease of doing business.
Key Stakeholder Remarks
Vice President of the shippers association, Alhaji Jamilu Goma, emphasized the adverse effects of exchange rate fluctuations and increased charges on businesses, leading to inventory losses. The association is committed to collaborating with authorities to streamline operations at ports. Chief Agu Chukwuemeka stressed the importance of supporting businesses at ports for economic growth and raised concerns about the rising costs, customs activities, and exclusion of shippers from trade discussions.
In response, Dr. Kaura Irimiya from the Ministry of Industry, Trade and Investment assured efforts to simplify shipping processes. Hajiya Karima Usman of the Nigerian Shippers Council highlighted the workshop’s aim to enhance business operations at ports.