Illegal shipping container sales lost Nigeria $600m in 30 years—Expert

Businessday | 03-06-2026 03:28am |

An expert has reported that Nigeria has potentially lost approximately $600 million in foreign exchange and customs revenue due to illegal sales of shipping containers over the past three decades. This significant financial loss highlights the impact of unregulated trade practices on the nation's economy. The findings underscore the need for stricter enforcement of trade regulations to safeguard revenue streams and enhance economic stability.

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