The Bola Tinubu administration has put forward a proposal in the Economic Stabilisation Bill currently before the National Assembly. This initiative seeks to amend the operational laws governing the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA) to allow these agencies to collect fees, charges, levies, fines, and other revenues in naira instead of dollars.
This announcement was made on Wednesday at the State House in Abuja by Bayo Onanuga, the Special Adviser to the President on Information and Strategy, during a press briefing. He emphasized that the Economic Stabilisation Bill is comprehensive, consolidating various components into a single legislative package.
Onanuga explained, “The first part of the bill addresses amendments to the National Identity Management Commission Bill 2024. The second part pertains to the operational laws of NIMASA and NPA.”
He further detailed that the proposed amendment will require all fees and charges payable to these agencies to be collected in naira at the applicable exchange rate. “Previously, these agencies charged in dollars, but this change reflects the government’s intent to prioritize our national currency rather than dollarizing our economy,” he stated.
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