New regulatory environment kicks off at ports
Shema described the legislation as a fundamental reform of Nigeria’s port governance, saying the new agency represents the culmination of nearly five decades of institutional evolution in port economic regulation.
Under that arrangement, the Council undertook key economic regulatory functions, including tariff regulation, dispute resolution and protection of port users.
Ibrahim Shema, traced the evolution of port economic regulation to the establishment of the Nigerian Shippers’ Council in 1978 and the concessioning of port terminals in 2006.
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