The circular dated 5th July, 2023, reads, “In recent times, there has been a fluctuation of the exchange rate for trade as a result of the introduction of the Floating Exchange Rate Regime instituted by the Central Bank of Nigeria.
Confirming the increment, the public relations officer, Tin Can Island chapter of the Association of Nigerian Licenced Customs Agents , Comrade Onome Monije, rued the increment, saying clearing agents will now pay more for cargo clearance at the various seaports. “We just believe that maybe with time, we will see low exchange rate and it will become beneficial to the importers as well because once there is a change in the portal, there is nothing anybody can do about it. But if you have captured or access your work, you are good to go and your consignment would be released for you if you don’t have any infraction.”
Speaking to LEADERSHIP, the public relations officer, African Association of Professional Freight Forwarders of Nigeria , Tin Can Island Port Complex, Clinton Okoro, asked the federal government to suspend the new adjustment to relief hardship on the people. “Just about 10 days ago, there was a change because what was in the system was N422.3 but, we woke up on June 24th to see N589/$1 in the system. We have been trying to see how we will manage the situation because lots of pressure are on us from the importers as they thought clearing agents are the one manipulating the adjustment.”
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