Shipping Lines Consider Strike as Over FG's New Tax Regime

Shipping Lines Consider Strike as Over FG’s New Tax Regime
Freight agents say shipping firms may increase charges.
Industry warns of higher costs and possible industrial action

There was palpable tension in Nigeria’s maritime sector on Thursday as freight forwarding practitioners raised concerns over the implementation of the Federal Government’s new tax regime, which took effect on January 1, 2026.

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EKO HOT BLOG reports that some freight agents who spoke with journalists said the policy has already triggered reactions among shipping companies, with reports that several lines are holding internal meetings over possible increases in freight charges.

From January 1, 2026, the Federal Government commenced a comprehensive overhaul of Nigeria’s tax system, described as one of the most far reaching fiscal reforms in decades. The government said the new regime is aimed at simplifying taxation, expanding the tax net, improving compliance and reducing the burden on low income earners.

The reform is part of a broader fiscal policy initiative under President Bola Tinubu to modernise the tax structure, improve revenue collection efficiency and enhance Nigeria’s economic competitiveness. Despite political controversy surrounding legislative documentation, the Federal Government reaffirmed January 1 as the official commencement date.

Speaking on the impact of the reform on the maritime industry, the Head of Department, Shipping, Air and Terminal Logistics at the National Association of Government Approved Freight Forwarders, Ugochukwu Nnadi, said some shipping companies had begun consultations to review their charges.

According to him, two shipping companies held meetings on Tuesday to discuss possible fare increases.

“They are meeting with plans to increase their freight charges because they wouldn’t like to be caught unawares. Nobody wants to be caught unawares,” Nnadi said.

Also speaking, the Apapa Chapter Chairman of the National Council of Managing Directors of Licensed Customs Agents, Abayomi Duyile, said the new tax policy would directly affect freight forwarders and clearing agents.

“It is going to affect us. Most of the money we spend on clearing goods comes with receipts like shipping and terminal charges. When you tax such money, it will affect operations,” he said.

Duyile criticised reported plans by shipping companies to raise charges, describing the move as premature. He warned of possible industrial action if freight rates are increased, saying such actions could worsen port congestion and raise import costs.