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Nigerians to pay more for imported vehicles from June 1 – Terminal operators

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Terminal operators have announced a 50 per cent increase in terminal handling charges, beginning from June 1, 2021. 

The announcement was contained in a statement released by Two Roll On Roll Off (RORO) terminals at the Tin Can Island Port, Ports and Terminal Multipurpose Limited (PTML) as well as Five Star Logistics Terminal.

The statement read that the increment is expected to take effect from Tuesday next week, attributing the increment to inflation and huge operational cost due to the nature of Nigerian ports, among others.

The PTML, one of the biggest vehicle terminal in Nigeria, said: “PTML would like to bring to the attention of its esteemed customers that the dramatic surge in inflation in 2020 and 2021, as well as the ever-increasing operational expenses incurred because of the particularly challenging port operational environment, which has had a huge impact on the company’s direct cost.

“PTML tariff has not been adjusted for a number of years now, and it has become impossible for the terminal to provide the same level of service as current prices.”

The importers, car dealers and freight forwarders, however, faulted the 50 percent increase in the terminal handling charges, saying the development would heighten inflation.

They said the development will further worsen the economy, which is still grappling with aftershocks of two recessions while driving importers and investors to patronise neighbouring countries.

The Public Relations Officer of the Association of Nigerian Licensed Customs Agents (ANLCA) at PTML Terminal, Ayokunle Sulaiman, lamented that terminal handling, delivery, documentation and demurrage charges have all been increased.

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Sulaiman said: “There has been a 50 per cent increase in the charges including terminal documentation. For vehicles, terminal documentation was previously N10,000, it has now been increased to N15,000. Terminal handling charges and terminal delivery charges are the core aspects of the job, all other ones like demurrage are avoidable.

“If they were talking about increasing staff salary or employing more hands to enhance efficiency, we would be able to analyse it, we are humans, but you cannot just increase charges without giving us anything in form of efficiency.”

Also speaking on the Five Star Logistics Terminal increased charges, Sulaiman said: “For SUVs, we were paying N21,000 as terminal handling charges, now it has been increased to N33,000. For the same SUV, we were paying N3,600 as terminal delivery charges but it has been reviewed upwards to N7,500.”
Earlier, Techeconomy.ng reported that importers had cried over the sudden fall of Nigeria’s naira to the dollar at N490/$ at the parallel market.The Nairawatch ofthis medium reported that the exchange rate between Nigeria’s Naira and United States’ dollar as at Tuesday, May 25, stood at ₦485/$1 at the black market.

Also at the naijabdcs.com, the official exchange rate website of the Central Bank of Nigeria for the Bureau de Change operators, the country’s currency was bought and sold at N488/490 to the dollar as of Thursday evening, May 27.

 

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  1. Pingback: Nigerians To Pay More For Imported Vehicles From June 1 – Terminal Operators | Techvalley

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