June 13, 2024
11 11 11 AM
PRESIDENT TINUBU APPROVES N25B FOR UPGRADE OF FACILITIES IN TERTIARY INSTITUTIONS ACROSS THE COUNTRY   
5,000 KANO TRADERS FACE BUSINESS CLOSURE, TRADERS CRY FOUL, APPEAL TO to GOVERNOR FOR INTERVENTION
HOUSE OF REPRESENTATIVES SPEAKER RESHUFFLES HOUSE COMMITTEES         
SALLAH RAMS: KANO RESIDENTS DECRIES HIGH COST OF RAMS, OTHER ANIMALS USED FOR SALLAH SACRIFICE
WATER SCARCITY: KANO RESIDENTS GROAN AS WATER SCARCITY DEFIES SOLUTION
RAM SELLERS DECRY LOW PATRONAGE IN KWARA STATE
CUSTOMS HANDS OVER 3 SUSPECTED RAIL TRACKS VANDALS TO NSCDC
LAGOS STATE GOVERNOR EMERGES SOUTH WEST GOVERNORS FORUM CHAIRMAN
ALGON CALLS ON FG TO REVIEW FEDERAL ALLOCATION TO 774 LGs IN THE COUNTRY TO ENABLE THEM THE PROPOSED N62,000 MINIMUM WAGE 
SOUTH WEST GOVERNORS MEET IN LAGOS 

CBN POLICIES/ INFLATION: IMPORTERS AND EXPORTERS OPERATING IN THE MARITIME INDUSTRY LAMENT ON STRINGENT POLICIES

Share

CBN POLICIES/ INFLATION: IMPORTERS AND EXPORTERS OPERATING IN THE MARITIME INDUSTRY LAMENT ON STRINGENT POLICIES                                                                      07-06-24
By Sadiq Aminu                                                                      Importers and Exporters operating in the nation’s Maritime industry, have continued to lament the harsh effects of the Central Bank of Nigeria’s stringent policies which has led to increased costs and inflation.
The Industry Stakeholders in desperate chats with Radio Nigeria, lamented that the policies have led to hardship for business operators as an average Nigerian businessman operating at the Ports is daily affected by the stringent policies.

A Freight Forwarder, Mr Anayo Mbah lamented that the policies have not been favourable, especially to those in the informal sector. He said the cost of clearing goods has continued to rise and the recent sixty percent increment in tariff, has made it even more challenging for them, pleading that the CBN should reassess its strategy to combat inflation.

An Importer, Chief Dan Egbochuo emphasized that inflation was a direct result of government policies, noting that when the cost of bringing in the items goes up, it reflects in the open market and it is an average Nigerian who suffers the consequences of the policies.
Another Port Operator, Mr Emmanuel Edem however acknowledged the challenges faced by the present administration but emphasized the need for effective solutions on how to bring down the costs of living, transport, power supply, fuel prices and other essential goods.

A cross section of Ports Users interviewed on the issue, lament the fact that the current Customs exchange rate, has made it extremely difficult for businesses to operate.
The constant increments have led to desperation among young Nigerians, thus pushing many to commit crimes.
The government must ensure that the dollar rate comes down to where it was before. The constant increments have finished the business Operators and they say, they can’t continue like that, continuing in this way , would only lead to more sufferings for the masses.

0 0 votes
Article Rating

Leave a Reply

0 Comments
Inline Feedbacks
View all comments
Home
Our Channel
About Us
Contact Us
0
Would love your thoughts, please comment.x
()
x