Nigeria’s manufacturers are raising fresh concerns.
The Manufacturers Association of Nigeria (MAN) has sounded the alarm over a proposed 12% increase in terminal handling charges at the Apapa and Tin Can Island ports.
The move, expected to be implemented by the Nigerian Shippers’ Council, could have wide-reaching economic consequences.
According to MAN leadership, the hike may push up the cost of raw materials by nearly 10% by June.
That increase would not stay at the factory level.
Higher production costs often translate into higher prices for finished goods, meaning consumers could soon feel the impact in everyday purchases.
Manufacturers warn that this could worsen inflationary pressure at a time when businesses and households are already navigating rising costs.
In response, MAN is calling for an emergency stakeholder meeting.
The goal is to negotiate a phased implementation of the new charges, allowing businesses time to adjust without triggering sudden price spikes.
There are growing concerns that a sharp increase in port costs could disrupt supply chains, reduce competitiveness, and slow down industrial growth.
For now, all eyes are on discussions between regulators and industry players.
The outcome could determine whether Nigeria avoids another round of price increases or faces a fresh wave of economic strain.
