Licensed agents have called on the National Assembly to urgently initiate legislation that would reserve critical aspects of Nigeria’s freight forwarding and customs brokerage business for indigenous operators.
The agents warned that the increasing dominance of foreign firms is threatening employment, encouraging capital flight, and posing serious national security risks.
A former Acting National President of the Association of Nigerian Licensed Customs Agents, Kayode Farinto, made the call while presenting a position paper during a House of Representatives Breakfast Session organised to harvest practical policy recommendations aimed at advancing the nation’s economic development through legislative reforms.
Farinto argued that Nigeria’s logistics industry has gradually slipped into the hands of foreign interests.
“The development calls for urgent legislative intervention similar to the Nigerian Oil and Gas Industry Content Development Act to ensure that critical components of the logistics value chain are reserved for Nigerians,” Farinto said.
Farinto explained that logistics comprises
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