The increase in exchange rate and volatility of the naira against the United States dollar has made importation into Nigeria ports dropped drastically.
For instance, vehicle volume dropped by 45 per cent while container traffic dropped to 30 per cent while bulk cargo dropped to 20 per cent.
Confirming the development, the comptroller general of Customs, Bashir Adewale Adeniyi, said the CBN and the NCS in support of the minister of Finance and Coordinating minister of the Economy, Wale Edun, are collaborating to achieve a stable rate for import of goods to enable business plan activities.
