various freight forwarding associations on Friday bemoaned the impact of the
CBN’s policy restricting Foreign Exchange (FOREX) transactions on 41 imported
interviews in Lagos, said the situation had resulted to low business activities
at the ports.
Association of Registered Freight Forwarders Nigeria, said business had been at
a low ebb as importers and exporters continued to face challenges in getting
FOREX for their business transactions.
Account (TSA) and the new FOREX policy, which made it difficult for business
owners to get foreign exchange, has resulted into many customs agents closing
relax the policy to enable manufacturers bring in materials needed for
production, especially as the year draws to a close.
difficult for the Nigeria Customs Service to realise its revenue target,’’ Ukor
of Nigerian Licensed Customs Agents (ANLCA), Alhaji Olayiwola Shittu, said
several factors, including the FOREX policy, had affected the freight
of his association now spend their days at the association’s secretariat,
rather than going aimlessly round the ports.
through a downturn in activities and expressed the hope that it would change to
enable people return to work.
the president, National Council of Managing Directors of Licensed Customs
Agents (NCMDLCA) said 80 per cent of their businesses had been affected by the
economy fast because many people had become unemployed.
environment had become very hostile, forcing many people to relocate to ports
in neighbouring countries.
Terminal, Lagos, Mr Chuks Njemanze, said business had gone ‘really bad’ as
freight forwarders hardly get jobs to handle.
said the terminal operators should do well to ensure that containers be stemmed
to the off-dock terminals, rather than containers overflowing in Apapa.