Connect with us

latest

Tinubu’s Tax Overhaul Triggers Freight Charge Fears Among Shipping Lines

Published

on

According to Nivo News, tension is mounting in Nigeria’s maritime sector following the commencement of the Federal Government’s new tax regime on January 1, 2026. Industry stakeholders have expressed concern that the overhaul, part of President Bola Tinubu’s wider fiscal reform agenda, could significantly impact freight charges and operational costs across the nation’s ports.....KINDLY READ THE FULL STORY HERE▶

The government’s tax reforms are designed to simplify taxation, improve compliance, expand the tax net, and reduce the burden on low-income earners, while boosting economic growth and modernising Nigeria’s revenue system. Despite some legislative controversies, the reforms officially took effect at the start of the year.

Freight forwarding practitioners report that shipping companies have already begun internal consultations to adjust their charges in response to the new policy. Ugochukwu Nnadi, Head of Shipping, Air, and Terminal Logistics at the National Association of Government Approved Freight Forwarders, disclosed that two shipping firms held meetings to discuss potential fare increases, noting that companies are preparing to avoid being caught off guard.

Abayomi Duyile, Chairman of the Apapa Chapter of the National Council of Managing Directors of Licensed Customs Agents, warned that the tax changes would directly affect freight forwarders and clearing agents, as existing port and shipping charges will now attract additional taxation. He described premature increases in freight charges as provocative and called for discussions with stakeholders before implementing any adjustments. Duyile also hinted at possible industrial action if freight fees are raised too quickly, citing tensions from previous price adjustments.

Industry experts caution that any immediate hike in shipping costs, combined with the new tax regime, could exacerbate port congestion, increase import costs, and disrupt operations in the coming weeks.

Advertisement

latest

FROM BEHIND BARS! Uwazuruike Drops Bombshell: Nnamdi Kanu Is Recruiting Igbo Youth For Violence From Prison!.

Published

on

Ralph Uwazuruike, an agitator for the Biafran nation, has accused Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), of continuing to recruit Igbo youths for violent activities from his prison cell in Sokoto. Uwazuruike claims that this ongoing recruitment is directly responsible for the deaths of many young people.....KINDLY READ THE FULL STORY HERE▶

  • Call to Action: He urged Igbo leaders and the pan-Igbo organization, Ohanaeze Ndigbo, to travel to Sokoto to demand that Kanu cease his recruitment efforts.

  • Opposition to Violence: Uwazuruike emphasized his own aversion to violence and questioned how someone serving a life sentence for terrorism can continue to mobilize youths for such causes.

  • Advocacy for Amnesty: He questioned why IPOB members cannot renounce violence and seek government amnesty and rehabilitation, similar to the programs offered to repentant terrorists and bandits in northern Nigeria.

  • Context of Allegations: Uwazuruike’s comments appear to be prompted by recent social media videos featuring hooded, armed militants who claim loyalty to Kanu and threaten further violence in the South East to secure his release.

  • Leadership Changes: These concerns also follow reports that Kanu has restructured his leadership team from prison and initiated a vague “100-man-project”.

Continue Reading

latest

THE VIRAL REBUTTAL! APC Chieftain Ayekooto Fires Back: Remi Tinubu’s Advice Was Not For Yahoo-Boys Or Obidients!.

Published

on

APC chieftain Ayekooto Akindele has defended First Lady Remi Tinubu regarding her controversial advice to women about engaging in small-scale businesses, such as selling roasted corn, akara, and kuli-kuli. Akindele clarified that this guidance was not intended for internet fraudsters or supporters of Peter Obi.....KINDLY READ THE FULL STORY HERE▶

  • Target Audience: The advice was specifically aimed at individuals living at or below the poverty line who seek to earn an honest living while maintaining their dignity.

  • Defense of Small Businesses: Akindele argued that the businesses mentioned by the First Lady are daily necessities patronized by almost every household in Nigeria.

  • Critique of Critics: He claimed that those criticizing the advice, including “Yahoo-boys” and “ObiDENTs,” view such work as beneath them because they aspire to high-level trade like selling cars, rather than starting with small-scale ventures.

  • Advocacy for Honest Labor: The APC chieftain emphasized that these small enterprises provide a path to earning a livelihood without resorting to immoral activities or cybercrime.

Continue Reading

latest

BLOOD ON THE SOIL! MACBAN Demands Immediate Justice For Slain Benue Chairman Ardo Risku!.

Published

on

The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has expressed deep sorrow and shock over the assassination of its Benue State Chairman, Ardo Risku, and is demanding that security agencies launch a comprehensive investigation to ensure the perpetrators face justice.....KINDLY READ THE FULL STORY HERE▶

  • Context of the Attack: MACBAN reported that Risku was killed shortly after attending a security meeting requested by Ohimini Local Government officials to discuss regional peace and stability.

  • The Incident: Approximately an hour after the meeting, Risku and an associate were intercepted and fatally shot in Okudu village.

  • Premeditation Concerns: The association views the killing as a “dastardly and deeply disturbing act” and highlighted that the timing, immediately following a peace-oriented security meeting, suggests the attack may have been premeditated.

  • Pattern of Violence: MACBAN noted that this incident follows a recent attack on the deceased’s son, a lawyer, in a village last week, further supporting the need for a thorough and transparent investigation.

  • Broader Impact: The association emphasized that targeting community leaders and peace advocates actively sabotages efforts toward dialogue and peaceful coexistence.

  • Commitment to Peace: Despite this tragedy, MACBAN reaffirmed its dedication to collaborating with government and security institutions to resolve national security concerns and offered condolences to the victim’s family and the Benue State chapter.

Source:

Continue Reading

Trending

Copyright © 2023 NIVONEWS