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Nigeria News

Import Volume Crashes By 60% At Lagos Port

Emmanuel Atseyinku
Last updated: October 12, 2023 8:08 am
By Emmanuel Atseyinku
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9News Nigeria has revealed that some Nigerian port terminals, most especially Roll-On Roll-Off terminals, may be forced into shedding their staff strength due to the drop in volume of import units of vehicles by 60 percent.

It was revealed by Our Source, that some Roll-On Roll-off terminals which used to handle 300,000 units of vehicle imports now barely do 100,000 units due to various reasons which include Naira devaluation, high cost of Customs Duty, and the cost of petrol.

Speaking with Newsmen, the Managing Director of Grimaldi Nigeria, operators of Ports & Terminal Multiservices Ltd, Mr. Ascanio Russo lamented that the terminal has been forced to streamline its operations due to the sharp drop in the volume of Importations.

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