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PRIMA NEWS > Blog > Business > FG to begin 1% freight fee collection
FG to begin 1% freight fee collection
Business

FG to begin 1% freight fee collection

Prima News
Last updated: January 23, 2025 8:34 pm
Prima News
Published: January 23, 2025
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The Federal Government, through the Nigerian Shippers’ Council, has announced that it will soon start the collection of a one per cent freight fee at the ports.

The Executive Secretary and Chief Executive Officer of the NSC, Dr Pius Akutah, stated this on Wednesday in Ibadan during a five-day strategic management retreat.

The retreat was themed, ‘NSC in 2030: Harnessing the potentials of the marine and Blue economy through global partnerships and sustainable planning’.

Akutah added that the retreat marks a critical step in shaping a comprehensive five-year strategic plan for 2025–2029.

He stressed that the plan is designed to advance the maritime sector through enhanced efficiency, adaptability, and innovation.

The one per cent freight stabilisation fee is statutory funding for the agency contained in the NSC’s Act which has not been implemented.

Meanwhile, Mordor Intelligence in a recent report said Nigerian freight and logistics size is estimated to hit $10.95bn in 2025.

However, speaking further, Akutah added that the council will commence the collection of the fee upon the presidential asset for the transition of the NSC to the Nigeria Port Economic Regulator.

“Looking ahead, the council’s 2025 budget is strategically anchored on the one  per cent freight stabilisation fee, with plans to commence its collection upon presidential assent to the NPERA Bill,” Akutah said.

He added that the retreat intends to define the future of the NSC as it transitions into the NPERA.

According to him, the retreat aims to strengthen stakeholders’ engagement to foster inclusivity and collaboration.

“It will also promote transparency and fairness through predictable regulatory policies,” he said.

Akutah mentioned that the retreat would enhance operational efficiency to prepare for a seamless transition to NPERA.

“It will also drive sustainability by aligning economic growth with environmental responsibility,” he said.

The ES emphasised that the retreat is not merely a planning session but a collaborative platform for crafting actionable solutions and building a solid framework for regulatory excellence.

He highlighted that by uniting their expertise, creativity, and dedication, “we can lay the foundation for a more competitive, inclusive, and sustainable maritime sector.”

Akutah maintained that the programme outlines, each directorate role, emphasising the hands-on approach required to implement NPERA successfully.

He urged the staff members to seize the opportunity to shape a future of innovation, excellence, and progress.

The NSC boss reiterated that under the guidance of the Federal Ministry of Marine and Blue Economy, the International Cargo Tracking Note is scheduled for implementation in the second quarter of the year.

He pointed out that the move would set the stage for enhanced revenue generation and operational oversight.

Akutah added that the NSC has a legacy of resilience and impact protecting shippers’ interests, fostering fair trade practices, and driving competitiveness within the ports.

He stated that over the past year, the council has recorded remarkable achievements.

Akutah averred that the accomplishments underscore the NSC’s unwavering commitment to delivering value to stakeholders and ensuring a seamless transition to NPERA.

He said that the council has been able to ensure the signing of the Minimum Standards of Conditions of Service for workers in the shipping industry.



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