Why consumers see no gain from drop in haulage cost

Import tariff to rise as Customs adjusts exchange rate to N1, 356.883/$

Despite the 50 percent reduction in haulage cost from the nation’s seaports in Lagos, market prices of goods have continued to go up, making it near impossible for consumers to benefit positively from the reduction. This could be attributed to high exchange rate of dollar to naira, high cost of

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