See The 'Real' Reason Nigerian Importers Are Crying
Nigerians doing business in the country’s sea ports pay through hell to get their goods in or out.
Some of these business men say the real reason this happens is because of agency in charge, the Nigeria Customs Service.
A study by Nigeria’s leading accounting firm, Akintola Williams Deloitte, has blamed the NCS for the prohibitive cost of doing business at the nation’s seaports.
The Delioitte report shows Customs processes are responsible for not less than 82.1% cent of the charges incurred by importers and exporters.
This claim was contained in an industry report titled: ‘Public Private Partnership as an anchor for diversifying the Nigeria economy: Lagos Container Terminals concession as a case study’, which was recently published.
To prove its claim, Deloitte stated that its value chain analysis of a 20-foot container carrying goods worth 44.42 million Naira ($100,000) imported into Nigeria from China shows that about 6.5 million Naira would be required to clear and transport the container out of the port.
Of this amount, about 5.3 million Naira (representing 82.1%) is paid to the Customs as follows:
-Comprehensive Import Supervision Scheme
-ECOWAS Trade Liberalisation Scheme
-Port Development Surcharge
-Value Added Tax.
The firm stated that other actors in the value chain include shipping companies, the Nigerian Ports Authority, terminal operators, clearing companies and haulage service providers.