Currently, the 1978 Nigerian Shipper’s Council Act Cap N133 Laws of the Federation of Nigeria (LFN) is undergoing repeal in both the House of Representatives and the Senate.
The bill, when signed into law by President Bola Tinubu, will change the Council’s name from the Nigerian Shippers’ Council (NSC) to the Nigeria Shipping and Port Economic Regulatory Agency (NISPERA).
The Act is undergoing review because it is believed that it is obsolete and the functions no longer align with modern trends and developments in the sector.
For instance, the 1978 Act created the Shippers’ Council to protect the interests of shippers’, importers and exporters in the country.
The role of the council, according to the 1978 Act, was one-sided, as other operators in the sector were vulnerable and left with no one to protect their interests.
However, to protect the interest of other stakeholders, the federal government, on March 2nd, 2015, gazetted the Council as Port economic regulator after…
Source: Leadership Newspaper
