The Nigerian Shippers’ Council (NSC) has concluded plans to start the collection of the statutory one percent Freight Stabilisation Fee (FSF) at the nation’s seaports.
This was disclosed by the executive secretary, NSC, Barr. Pius Ukeyima Akutah.
In a statement, Akutah, said:
“This is the right time for us to drive the issue of funding for the Shippers’ Council because the Oronsanye report is very clear about what the Shippers’ Council should do.
As much as the other agencies have been merged, and some completely disbanded, the Nigerian Shippers’ Council under that report is supposed to generate its revenue and be self-funding. So, more than anything before, it is now that the Shippers’ Council should be able to raise their revenue profile and begin to raise its funding.
He emphasized that the one percent FSF is a statutory provision that would help the Council carry out its mandate saying not carrying out its mandate will create more problems for the sector than the 1% fee.
He allays the stakeholders fear that the one percent Freight Stabilisation Fee won’t add to port costs.
"People might think that it will add to the cost of doing business if we insist on taking the one percent FSF, but actually, if you look at the cost-benefit analysis, you will know that it doesn’t add to the cost of doing business,” he said.
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