- There has been a drastic decline in activities at the nation’s sea ports due to the rising cost of import duty fees
- Reports indicate that more Nigerian importers are abandoning their consignments as customs adopt a new dollar exchange rate
- Additionally, vehicle importation into the country has decreased significantly, with importers currently abandoning them due to clearance costs
Legit.ng journalist Dave Ibemere has over a decade of experience covering Tech, Energy, Stocks, Investments, and the Economy.
There is a steep rise in the volume of abandoned cargo amid changes in the exchange rate for clearing goods.
