Importers Abandon Cargoes at Nigeria Ports

                

The Nigeria Naira is now N250-$1 at the current transaction rate, this development has left importers no choice than to abandon their containers and cargoes at  the port.
The increase in abandon container has gathered momentum in particular at Tin can Island
The custom command recently change their official transaction rate from N165 to N199, the controller of the Tin can Island added that the Federal government Auto policy and the coming election has prompted the importers to abandon their cargoes


According to the Account of the  Chairman of the Tin Can chapter of the Association of Nigeria Licenced custom Agent Mrs Ada Akpunonu , "many goods are trapped at the port, there is bound to be congestion, most of the importers borrowed money from the banks, before they collect their Bill of Lading they must make the payment, but what is happening now is that, with the exchange rate, they are finding it difficult to get the balance and pay back in order to collect the papers and clear their goods”

“Many importers with Bill of Lading are finding it difficult to pay duties. There is no cargo that does not go into demurrage in Nigeria and shipping companies start collecting money immediately the cargo lands at the port” she said.