OUTRAGE OVER SHYLOCK INCREMENT ON PORT STORAGE CHARGES BY TERMINAL OPERATORS -THE 100% COMPLIANCE TEAM, NAGAFF

OUTRAGE OVER SHYLOCK INCREMENT ON PORT STORAGE CHARGES BY TERMINAL OPERATORS -THE 100% COMPLIANCE TEAM, NAGAFF

OUTRAGE OVER SHYLOCK INCREMENT ON PORT STORAGE CHARGES BY TERMINAL OPERATORS -THE 100% COMPLIANCE TEAM, NAGAFF

 The 100% compliance Team of the National Association of government Approved Freight Forwarders (NAGAFF), in following up the outrage over the arbitrary increase in terminal charges by the handling companies, the coordinator Alhaji Ibrahim Tanko in a press release hereby  wish to acknowledge the prevailing economic circumstances, but for the sustainability of seamless port operations, the group hereby object at the arbitrary increment.

"The 650% increment is a serious challenge to smooth operations, inflaming passions with the implications better imagined".

"No gain saying that an increase of this magnitude poses a great danger to the entire logistics and trade ecosystem.

The attendant high cost in the markets are better imagined."

For Nigerian Ports to remain competitive, this sort of sudden and unilateral action is counter productive he said.

For a sustainable and viable terminal operations, this knee jerk ambush by Terminal operators will affect the overall logistics business.

"By this notice, we officially notify the general public of the seething restiveness in the freight forwarding community, that if nothing is done immediately, we will be forced to resort to our last OPTION."

" We are therefore calling on  the powers- that -be  to intervene in this explosive situation" he said.

Hon. Ibrahim Tanko

National Coordinator