National Assembly Moves to Repeal Nigerian Shippers’ Council Act, Introduces New Maritime Regulatory Agency

 NSC to Become Nigeria Shipping and Port Economic Regulatory Agency (NISPERA)

The National Assembly is in the final stages of repealing the Nigerian Shippers’ Council (NSC) Act of 1978, replacing it with the Nigeria Shipping and Port Economic Regulatory Agency (NISPERA) Bill 2023. This legislative overhaul aims to modernize Nigeria’s maritime regulatory framework, address post-concession challenges, and strengthen oversight of port economic activities.

Once signed into law by President Bola Tinubu, the bill will transform the NSC into a full-fledged port economic regulator, a role it has been playing unofficially since 2015 when former President Goodluck Jonathan issued an executive order granting it regulatory powers.

Why the Shippers’ Council Act is Being Repealed

The 1978 Act was primarily designed to protect shippers, importers, and exporters, leaving other industry players without regulatory protection. This one-sided approach limited the effectiveness of the NSC in resolving disputes and regulating tariffs, fees, and economic activities at the ports.

The new bill seeks to:

✅ Enhance regulatory authority to enforce compliance with economic policies

✅ Prevent monopolistic practices and exploitation of port users

✅ Ensure fair pricing and service delivery by terminal operators and shipping companies

✅ Promote competitiveness in line with global best practices

Key Provisions of the NISPERA Bill 2023

🔹 Regulation of Maritime Tariffs and Fees – NISPERA will have the authority to oversee and regulate charges imposed by terminal operators, shipping companies, and other service providers.

🔹 Dispute Resolution Mechanism – The new agency will act as a neutral arbitrator between service providers and consumers.

🔹 Consumer Protection and Market Oversight – The bill will establish clear rules to prevent excessive charges and ensure fair trade practices.

🔹 Maritime Infrastructure Development – NISPERA will oversee funding and policy implementation for port expansion and modernization projects.

Stakeholder Reactions and Industry Impact

1. Maritime Operators and Freight Forwarders

The National Association of Government Approved Freight Forwarders (NAGAFF) strongly supports the bill, arguing that its passage will curb exploitative practices by port operators.

NAGAFF President Tochukwu Ezizi stated:

“For years, port concessionaires have exploited regulatory loopholes to their economic advantage. Establishing NISPERA will ensure transparency, efficiency, and fair competition.”

However, freight forwarders have also called for stronger protections for Nigerian businesses, warning against foreign dominance in the sector.

2. Economic Experts and Industry Analysts

Dr. Muda Yusuf, CEO of the Centre for the Promotion of Private Enterprises (CPPE), emphasized the need for a strong maritime regulator to prevent economic exploitation.

“Nigeria’s maritime sector is dominated by monopolistic operators who impose unfair charges. A well-structured regulatory agency is essential to protect consumers and promote indigenous participation,” he noted.

What’s Next?

With both the Senate and House of Representatives approving the bill, it is now undergoing final legislative review before being sent to President Tinubu for assent.

✅ If signed into law, NISPERA will officially replace the Nigerian Shippers’ Council, strengthening economic regulation in Nigeria’s ports and promoting fair trade practices.

✅ The new framework will streamline port operations, reduce corruption, and attract foreign investment into the maritime industry.

As the Nigerian government pushes for port reforms, all eyes will be on how NISPERA tackles industry challenges and improves efficiency in Nigeria’s shipping sector.