The Nigerian Shipper’s Council said that between 2020 and 2022, it saved a staggering N2.7 billion. The fund might have been lost to shipping companies and terminal operators through, among other things, demurrages, according to the council in its complaint bulletin, a periodic publication of the agency.
The NSC stated that a total of 1,727 complaints were received over the time period under examination.
NSC broke down the numbers, stating that the year 2021 had the largest number of shipper complaints, with 666 instances handled and N2.5 billion recovered on behalf of the trading public during the year.
“Similarly, despite the coronavirus pandemic, a total of 648 complaints were reported in the year 2020, with N57m recovered.
The port economic regulator reported that it saw that despite the decrease in the volume of cargoes in the country’s seaports, demurrage and detention remained high.