23
Jan
The Nigerian Shippers' Council (NSC) has announced plans to commence implementation of the International Cargo Tracking Note (ICTN) by the second quarter of 2025. This move is expected to enhance revenue generation and operational oversight in the maritime sector. According to the Executive Secretary of NSC, Pius Akutah, the Council's 2025 budget will be anchored on a 1% freight stabilization fee, which will be collected upon presidential assent to the Nigerian Shipping and Ports Economic Regulatory Agency (NPERA) bill ¹. Akutah emphasized that the implementation of the freight stabilization fee will not introduce additional costs at the ports, as it…