Economic crisis: Slump in port operations puts 40,000 jobs at risk
LAGOS — A drastic drop in vessel calls into the nation’s ports has plunged operations in the maritime sector into a major crisis as businesses continue to nosedive, following the forex crisis and inflation currently militating against the economy.
Those affected are terminal operators, shipping companies, truckers, licensed Customs agents, and freight forwarders, among others.
Consequently, the volume of vessel calls (the number of vessels coming into the country) has reduced so drastically that terminal operators and shipping companies are struggling to remain afloat.
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