Shippers Council and associates have identified three major setbacks stalling the progress of importation in Nigeria.
The President of the Shippers Association of Lagos, SAL, Rev. Jonathan Nicole, noted the points and said the government’s decision to make Nigeria less import-dependent affects existing shippers businesses.
He added that the government put all their eggs in one export basket, making the country less import-dependent.
The Shippers President, Lagos Faction, revealed this information during an interview with the News Agency of Nigeria yesterday in Lagos.
Nicole emphasised the necessity for the government to amend the import policy to favour shippers in the country.
3 Setbacks Facing Shippers Council in Nigeria
Deductible from the comments of the President of the Shippers Association of Lagos, SAL, Rev. Jonathan Nicole, is the three main challenges affecting those in the importation business.
- Nicole said that Trade Imbalance is one of the recognisable factors hindering imports and the shippers’ businesses across various parts of the nation. “As regards trade balance, if we are bringing imports for one country, for instance, Germany, they will also want to export their goods themselves so that there will be balance in trade.” He Said.
- The second reason Nicole identified is the High Cost of Doing Business in Nigeria. He urged the government to check the constant review of import rates as imports were now being taken to other countries with cheaper rates. “And if we are saying that Nigeria cannot depend on importation and we are taking our goods to Germany, they will reject our interests, and that is what we are going through now,” Nicole explained.
- Policies: As discussed earlier, the Shippers President (Lagos) noted the necessity for the government to amend the import policy in support of shippers activities in the country. He said the existing guidelines would lead to shippers not progressing and the ports not doing business, seeing the charges are costly.