The Nigerian Shippers’ Council said it prevented shippers from paying N86.06bn in unjustified demurrage between November 2023 and June 2026, while also securing savings of N4.54bn and $1.348m through regulatory interventions and alternative dispute resolution.
The Executive Secretary and Chief Executive Officer of the council, Dr Pius Akutah, disclosed this on Saturday during a media luncheon with journalists in Lagos.
According to Akutah, the interventions protected more than N90.60bn in economic value for Nigerian shippers and the wider economy.
“Within the period under review, the council protected over N90.60bn in economic value for Nigerian shippers and the national economy.
“This includes preventing N86.06bn in unjustified demurrage payments and securing savings of N4.54bn and $1.348m through alternative dispute resolution and regulatory interventions,” Akutah said.
