Lagos Chamber of Commerce & Industry expresses concerns over new import guidelines

Features & Reports

The Lagos Chamber of Commerce and Industry has expressed concerns over the revised import guidelines of the Federal Ministry of Finance, saying that some aspects will have unintended adverse consequences on businesses, contrary to the Ease of Doing Business vision of the Federal Government.

The Director-General of LCCI, Mr. Muda Yusuf, said this in a statement made available to our correspondent on Sunday.

He said, “The economics of investment of some businesses will be completely upturned if the guidelines are implemented in its current form.

“The worrisome aspect of the circular is the section that stipulates as follows: ‘Shipping lines shall ensure that Nigeria-bound containerised cargo is palletised. Shipping lines and other carriers that fail to adhere strictly to palletised cargo shall be asked to take back on board the non-palletised cargo.’”