The Manufacturers Association of Nigeria (MAN) has urged the federal government to improve port infrastructure which will enhance operational efficiency and attract more business for growth.
Director General of MAN, Segun Ajayi-Kadir, made the appeal following the recent 15 per cent increase in port-related charges by the Nigerian Ports Authority (NPA), which the association opposed, saying it will exacerbate the challenges faced by the real sector.
The association decried that at a time when businesses are struggling with the rising cost of operations, high rate of foreign exchange, astronomical energy costs and general economic uncertainties, imposing additional financial burdens on manufacturers through increased port tariffs now is ill-timed and could signal a departure from government’s efforts and commitment to the ease of doing business.
Ajayi-Kadir therefore appealed to NPA to shelve the proposed 15% tariff increase and instead, collaborate with stakeholders to explore sustainable alternatives for revenue generation.
Ajayi-Kadir noted the real issues affecting port revenue included port congestion and inefficiency; High demurrage charges, Infrastructure investment among others.
He pleaded with the government to reduce the turnaround time for vessels and improve cargo clearing processes which can significantly boost revenue.
