Nigerian govt recovers N6.1bn from port dispute settlements

The Nigerian Shippers’ Council (NSC) has recovered N6.1 billion from dispute settlements at the ports between 2019 and 2023.

The council which is responsible for regulating the port industry, said it received complaints from service providers and users through its Ports Service Support Portal and recovered the amount through its complaints handling process.

In a statement issued on Sunday by its Director of Strategic Planning and Research, Oluwarotimi Anifowose, the NSC said the complaints received included arbitrary charges, container deposit refunds, and import and export fraud.

In addition to the N6.1 billion recovered from dispute settlements, the council also saved the economy N167 billion through tariff negotiations, reduced cargo stoppages, and promoted inland dry port projects.

READ ALSO:Customs intercepts 12 containers of tramadol, machetes at Lagos ports

The breakdown of the savings showed that N153 billion was recovered from tariff negotiations, N10 million from reduced cargo stoppages, and N13.4 billion from inland dry port arrangements.

The statement read:

“The sum of N153bn was recovered from the impact of the tariff negotiation on the economy within the period under review.

“Within the period under review, the sum of N10m savings made through the intervention on incessant cargo stoppage and N13.4bn was recovered through the facilitation of inland dry ports arrangement through the public-private arrangement which attracted investment.”

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