- August 17, 2021
- Posted by: adminer
- Category: Free Trade, Trade and Industry
Mr. Jonathan Nicole, President, Shippers Association of Lagos (SAL), says trade imbalance and high cost of doing business are affecting importation into the country.
Nicole made this known in Lagos on Tuesday that government was putting all their eggs in one basket of export due to its decision to make the country less import-dependent.
Nicole stressed the need for government to change the import policy to encourage shippers.
According to him, if there is no clear-cut adjustment policy; it will be free for all with people behaving as they want.
“As regards trade balance, if we are bringing imports for one country, for instance, Germany, they will also want to export their own goods themselves so that there will be balance in trade.
“And if we are saying that Nigeria cannot depend on importation and we are taking our goods to Germany, they will reject our goods and that is what we are going through now.
“A lot of countries rejecting our exports is not just due to high chemicals in our products but lack of trade balance is also a factor,” he said.
He urged government to check the constant review of import rates as imports were now being taken to other countries with cheaper rates.
He noted that such move would lead to shippers not progressing and the ports not making business coupled with the fact that Nigerian ports was termed to be excessively expensive.
“The cost of doing business in Nigeria has gone overboard, we do not have problems with goods coming in from Europe, but local problems such as high cost of clearing goods.