Freight forwarding practitioners in Nigeria’s maritime sector are expressing concern over the newly implemented tax reforms, which took effect on January 1, 2026. The Federal Government’s comprehensive overhaul of the country’s tax system aims to simplify taxation, promote growth, and expand compliance. The reforms are part of a broader fiscal policy designed to modernize the tax system, enhance revenue collection efficiency, and improve Nigeria’s economic competitiveness.
According to industry insiders, some shipping lines have already begun discussing potential fare increases in response to the new tax reforms. The Head of Department, Shipping, Air and Terminal Logistics at the National Association of Government Approved Freight Forwarders, Ugochukwu Nnadi, noted that two shipping companies held meetings to prepare for possible freight charge increases. “They are making preparations to avoid being caught off guard,” Nnadi stated.
The implementation of the tax policy is expected to affect the operations of freight forwarders, as most of the money spent on clearing goods comes with receipts, including shipping, terminal, and other charges. Abayomi Duyile, Apapa Chapter Chairman of the National Council of Managing Directors of Licensed Customs Agents, emphasized that taxing such expenses would inevitably impact their operations. Duyile also expressed opposition to the planned freight increase by some shipping companies, urging them to wait until the fourth week of January to discuss the matter with industry members.
The tax reforms, which have been met with some political controversy, are intended to ease burdens on low-income earners and promote economic growth. The Federal Government, under President Bola Tinubu, has reaffirmed its commitment to implementing the reforms despite legislative documentation concerns. As the maritime industry adjusts to the new tax system, industry stakeholders will be closely watching the developments and potential impacts on their operations. The implementation of the tax reforms is a significant step towards modernizing Nigeria’s tax system, and its effects will be closely monitored in the coming weeks and months.