Nigerian Govt to slam N20m fine on port firms for infractions
The Nigerian Ports Economic Regulatory Agency, NPERA, has warned that corporations found guilty of violating port regulations could face a fine of up to N20 million. The agency said the move was part of efforts to enforce stronger compliance and boost efficiency in support of Nigeria’s $1 trillion economy target. The Director-General of NPERA, Dr […] Nigerian Govt to slam N20m fine on port firms…
The Nigerian government announced plans to impose a fine of up to N20 million on port companies found guilty of violating regulations. This move aims to strengthen compliance and boost efficiency in support of the country's ambitious $1 trillion economy target. Dr Pius Akutah, Director-General of the Nigerian Ports Economic Regulatory Agency (NPERA), disclosed the decision while speaking to journalists in Lagos.
The new NPERA Act 2026 provides the agency with enhanced legal powers to regulate ports, protect investments, and improve maritime sector efficiency. Penalties under the new framework range from a minimum of N500,000 for first-time offenders to a maximum of N20 million, with repeat violations potentially facing multiplied penalties.
Akutah emphasized that these tougher sanctions are more effective than the previous regulatory framework under the Nigerian Shippers’ Council, where penalties were insufficient to deter infractions. The aim is to create a deterrent regime through the provisions of law, encouraging companies to adhere to regulations to avoid the consequences.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
