Tax reforms fuel tensions as shipping lines prepare price increases

Tension is building among freight forwarding operators in Nigeria’s maritime sector following the commencement of a new tax regime on Thursday, January 1, 2026.

Industry practitioners say some shipping companies have already begun internal consultations over possible increases in freight charges, raising concerns across the logistics value chain.

The new tax regime forms part of a wide-ranging overhaul of Nigeria’s tax system by the Federal Government, aimed at simplifying taxation, improving compliance, boosting revenue efficiency, and reducing the burden on low-income earners. The reforms are a key element of the government’s broader fiscal strategy to modernise the tax framework and strengthen the country’s economic competitiveness, with the January 1, 2026 implementation date reaffirmed despite earlier political debate.

Commenting on the impact of the reforms on the maritime industry, the Head of Shipping, Air and Terminal Logistics at the National Association of Government Approved Freight Forwarders, Ugochukwu Nnadi, disclosed that at least two shipping companies had held meetings to review their pricing strategies. According to him, the discussions are driven by concerns about the financial implications of the new tax measures and a desire to prepare ahead of full enforcement.

Similarly, the Apapa Chapter Chairman of the National Council of Managing Directors of Licensed Customs Agents, Abayomi Duyile, said the tax policy would have a direct effect on freight forwarders’ operations. He explained that most costs associated with cargo clearance such as shipping, terminal, and ancillary charges are documented and would now attract additional tax liabilities, increasing overall operating expenses.

Duyile, however, opposed any immediate hike in freight charges, urging shipping companies to delay such decisions until further consultations are held with industry stakeholders later in January. He warned that sudden increases could heighten tensions at the ports, noting that recent fare adjustments have already placed significant strain on operators.