By Frank Odinukaeze
The Sea Empowerment and Research Center (SEREC) has strongly opposed the proposed 2000 percent increase in agents’ license fees by the Nigeria Customs Service (NCS), warning that such a move could cripple small and medium-sized enterprises (SMEs) and distort trade facilitation in the country.
In a statement issued on Friday — which also coincides with the birthday of SEREC’s Head , Research, Forwarder Eugene Nweke, Rff. — the research body said the astronomical hike would have far-reaching negative consequences on the customs brokerage industry and the economy at large.
SEREC, however, presented a set of recommendations it believes would achieve regulatory oversight without stifling businesses. These include the adoption of a tiered licensing system based on specialization and experience, a competency-based licensing regime, and a requirement for continuous training and professional development for license holders.
“Licensing fees should be set at a level that balances regulatory oversight with the promotion of competition and efficiency in the clearance process,” the group stated
According to SEREC, the proposed 2000 percent increment would:
Disproportionately affect SMEs who may struggle to absorb the additional costs.
Increase the cost of doing business for traders, thereby undermining trade facilitation and economic growth.
As an alternative, the organization unveiled a balanced fee structure pegged to a benchmark exchange rate of ₦400 to $1, while also considering the Consumer Price Index (CPI).
The proposed framework outlines separate categories such as Standard, Advanced, Specialized, Brokerage, Chandler’s, and Bonded Warehouse Operators’ licenses — each with new license, renewal, and insurance bond fees tailored to the level of risk and complexity.
For instance, SEREC suggests that:
A Standard License should attract a new fee of between ₦50,000 and ₦100,000, with renewal every two years at ₦20,000–₦50,000, and an insurance bond between ₦500,000 and ₦1,000,000.
A Bonded Warehouse Operator’s License should cost ₦200,000–₦500,000 for new applications, ₦100,000–₦200,000 for renewals, and require a bond of ₦2 million–₦5 million.
The group emphasized that these figures are more realistic, inclusive, and would help strengthen customs regulation without stifling innovation or discouraging participation in the sector.
SEREC urged the NCS to adopt a responsive and inflation-adjusted licensing framework that protects the interest of all stakeholders, especially SMEs who play a critical role in the nation’s supply chain.
“We look forward to working with the Customs Consultative Committee, freight forwarding associations, and the NCS in finalizing a fair fee structure that serves the common good of all parties,” Nweke said.
