Stakeholders decry NPA’s insistence of foreign currency transaction

Written by on September 6, 2016

download (16)In view of the current economic condition of the country, stakeholders in the Maritime industry have called on the Nigerian Ports Authority, NPA, to halt charging tariffs in foreign currencies saying it is having adverse effects on the industry and could lead to further retrenchment in the industry.

They also urged the NPA to review its contractual agreements with the port terminal operators, stressing that the review is long overdue. National President of the Association of Nigerian Licensed Customs Agents, ANLCA, Olayiwola Shittu, called on the NPA to have a rethink of its decision because of its effect on the sector.

Similarly, Deputy National President of the National Council of Managing Directors of Licensed Customs Agents, Uchu Block, said that all transactions between the NPA and Nigerians should be in the local currency while transactions with foreign companies, who are involved in collection of charges in dollars should pay the NPA in dollars also.

Managing Director of the NPA, Hadiza Bala Usman, has insisted that since NPA has obligations that are also in US dollars, it would be very difficult to accept payments in naira.

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