NIGERIA’S NEW PORTS REGULATOR: KEY PROVISIONS OF THE NIGERIAN PORTS ECONOMIC REGULATORY AGENCY ACT, 2026
Enacted in August 2026, the Nigerian Ports Economic Regulatory Agency Act establishes an independent statutory regulator to oversee Nigeria’s maritime sector, replacing interim supervision by the Nigerian Shippers’ Council. The legislation introduces clear frameworks to eliminate arbitrary pricing, enforce efficiency standards, and protect terminal operators and cargo owners through a sustainable funding model backed by a statutory import freight fee.