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Reduce tax to make Nigerian ports competitive, shipping agencies urge FG
Shipping agencies are urging the Nigerian government to reduce port taxes and charges to make Nigerian ports more competitive with neighboring countries like Cotonou and Lome, where costs are significantly lower. High costs, including vessel berthing charges, are driving businesses to other ports, impacting revenue, jobs, and the viability of the Blue Economy Project. Stakeholders advocate for a review of port charges and a reduction in indirect taxation to attract investment and increase cargo throughput, while the Nigerian Ports Authority refutes these claims.
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