Maritime agencies mandate dollar payments

Despite the Central Bank of Nigeria’s warning against the dollarisation of the country’s economy, some government agencies in the maritime industry collect dollars from shipowners for transactions done in Nigeria.

It was gathered that despite pleas by shipowners for some of these charges to be paid in naira, jetty berths and port dues are still paid in dollars to the Nigerian Maritime Administration and Safety Agency and Nigerian Ports Authority.

The shipowners in separate exclusive chats with The PUNCH in Lagos claimed that shipping is a dollar-dominated business and as such, the dollar is the preferred currency.

The President of the Shipowners Association of Nigeria, Mkgeorge Onyung, said the group had been advocating for payments to be made in the local currency.

He, however, said that until now, they still made some payments in dollars, adding that shipping was a dollar-dominated business.


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