Protect Bonded Terminals Investment, Operators Urge FG

Bonded terminal operators have called on the Federal Government to implement policies that protect their investments and ensure the sustainability of the sector. The operators raised concerns over regulatory uncertainties, infrastructure challenges, and policy inconsistencies that threaten the viability of their businesses.

Bonded terminals, which serve as storage and clearance points for imported cargo outside seaports, play a crucial role in decongesting ports and facilitating trade. However, operators argue that unfavorable policies, high operational costs, and unpredictable government interventions have made it increasingly difficult to sustain their businesses.

Speaking on the issue, stakeholders emphasized the need for the government to provide clear and stable policies that encourage private sector participation. Many operators have invested heavily in infrastructure, technology, and security to improve cargo handling efficiency, but they warn that continued policy instability could discourage further investment and slow down trade facilitation.

Some operators also expressed concerns about inconsistent port decongestion policies, which sometimes divert cargo traffic away from bonded terminals without prior consultation. They urged authorities to engage industry players in policy formulation to create a more stable and investment-friendly environment.

The call for government intervention comes amid broader discussions on improving Nigeria’s port efficiency and logistics chain. Experts argue that protecting bonded terminal investments will not only enhance cargo clearance processes but also generate employment and increase revenue for the government.

As the maritime sector continues to evolve, operators are hopeful that the Federal Government will take proactive steps to address their concerns, ensuring that bonded terminals remain a vital part of Nigeria’s trade infrastructure.