Tax reforms spark tension as shipping lines plan hikes

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Tension is building within Nigeria’s maritime sector following the implementation of sweeping tax reforms that took effect on Thursday, January 1, 2026, as freight forwarding practitioners raise concerns over potential increases in shipping costs. Industry operators say early signals from shipping lines suggest preparations are underway to review freight charges, even before the full impact of the policy is felt.

The Federal Government’s tax reforms, described as one of the most comprehensive overhauls in decades, are aimed at simplifying the tax system, boosting economic growth, widening compliance, and easing the burden on low-income earners. The reforms form part of President Bola Tinubu’s broader fiscal strategy to modernise taxation, improve revenue efficiency, and strengthen Nigeria’s competitiveness, with the January 1, 2026, rollout maintained despite political disagreements over legislative processes.

Speaking on developments in the maritime industry, the Head of Department, Shipping, Air and Terminal Logistics at the National Association of Government Approved Freight Forwarders, Ugochukwu Nnadi, disclosed that some shipping companies have already begun internal consultations. He said at least two firms held meetings to discuss possible freight charge increases, noting that operators were making early preparations to avoid being caught off guard by the new tax regime.

Nnadi expressed concern that shipping lines were already factoring in the reforms despite the law still being in its early stages of implementation. According to him, the moves suggest a proactive but potentially premature response that could worsen cost pressures across the logistics value chain if not properly managed.

Also reacting, the Apapa Chapter Chairman of the National Council of Managing Directors of Licensed Customs Agents, Abayomi Duyile, warned that the tax policy would significantly impact port operations. He explained that clearing processes involve multiple taxable charges, including shipping and terminal fees, adding that further freight increases could spark resistance from industry players. Duyile said customs agents are calling for restraint until broader consultations are held, warning that unilateral increases could trigger protests and deepen tensions already simmering at Nigeria’s ports.
source: punch

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