Nigeria Ports Sharp Practices: Unmasking The ₦1 Trillion Economy Sabotage

Have you ever questioned why the cost of essentials like rice or vehicle spare parts keeps rising, even when the exchange rate appears relatively stable? The explanation may lie beyond the open market at Nigeria’s seaports. Emerging findings suggest that systemic inefficiencies and questionable practices within port operations are quietly pushing up the prices Nigerians pay every day.

A recent report exposes how so-called “sharp practices” by shipping lines are siphoning nearly ₦450 billion from the economy annually. From withheld refunds to the influence of powerful, untouchable lobbyists, the report raises troubling questions about accountability at the ports and highlights how ordinary consumers are bearing the cost of a system that continues to fail them.