Nigeria's Presidency has said the Nigerian Port Authority and Nigerian Maritime Administration and Safety Agency plan to begin the collection of fees in Naira rather than in United States dollars or other foreign currencies.
Nigeria's Presidency has said the Nigerian Port Authority and Nigerian Maritime Administration and Safety Agency plan to begin the collection of fees in Naira rather than in United States dollars or other foreign currencies. The Special Adviser to the President on Information and Strategy, Bayo Onanuga disclosed this on Wednesday during a briefing at the state house. He noted that the proposal was part of the Economic Stabilisation Bill sent to the National Assembly.
He added that the emphasis of President Bola Ahmed Tinubu’s administration is to prioritize Nigeria's National currency. He stated, “The second one has to do with the operating laws guiding NIMASA and Nigerian Port Authority , the amendment under that in the economic stabilization bills is that all their fees, charges, levies, fines and other monies accruing to them and payable to those agencies will now be paid in Naira at the applicable exchange rate.
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