Licensed customs agents operating in Nigeria’s maritime sector have expressed their intention to potentially stage a protest at the Tincan Island Ports, specifically targeting the Five Start Logistics Terminal. This threat is in response to a significant 400% increase in storage charges announced by the terminal operator in a recent circular.
The terminal operator cited Nigeria’s economic challenges, including inflationary pressures and the devaluation of the Naira, as reasons for implementing the new charges, set to take effect from October 15.
In the circular, the operator stated, “Due to the current economic situation of our country, our operational expenses have increased exponentially as a result of inflationary pressures and Naira devaluation. The need to drive for improved service delivery has necessitated an upward review in storage charges for all cargoes with effect from 15th October 2023.”
The Tincan Island Chapter Youth Leader of the Association of Nigerian Licensed Customs Agents, Mr. Remilekun Sikiru, expressed concern over the increase and indicated that the group might resort to picketing the terminal operators. He highlighted the substantial hike in charges for different storage periods, emphasizing that discussions with relevant stakeholders would be pursued to address the issue.
Additionally, the Tincan Island Taskforce Chairman of ANLCA, Rilwane Amuni, mentioned plans to form a committee to engage with the Nigerian Shippers Council in discussions related to the storage charge increase.