New Customs Licensing Fee Hikes Threaten N3.5 Trillion Maritime Investments
The Nigeria Customs Service (NCS) has proposed sweeping increases to licensing and bond fees for clearing agents, bonded warehouses, and ship chandlers—a move that industry insiders warn could undermine ₦3.5 trillion in indigenous bonded-terminal investments and put 14,000 jobs at risk. In Lagos and Ogun states, roughly 40 bonded terminals, each employing an average of…

