22 Ships Wey Carry Petrol, Fish, and Food Don Land Lagos, Prices Fit Fall

Nigerians fit soon see petrol and food prices fall as 22 ships wey full with petroleum products, frozen fish, and other commodities don land Lagos ports. Nigerian Ports Authority (NPA) yarn for dia latest Shipping Position report say di ships dey discharge goods for Apapa, Tincan, and Lekki ports. Di vessels carry essential things like petrol, bulk gas, frozen fish, bulk sugar, ethanol, buckwheat, bulk urea, and wheat. NPA add say six more ships don reach dey wait to berth with bulk wheat and general cargo, while 17 more dey expected between October 29 and 31, 2025, wey go bring petroleum, food items, and other imports. Experts talk say steady supply fit help stabilise or reduce prices for food and fuel as trade activity dey pick for Nigerian ports.

Dis news dey come as debate dey rise over FG new 15% import duty on petrol and diesel. President Bola Tinubu approve di tariff for Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) after FIRS request, and di directive come on October 21, 2025 through im private secretary, Damilotun Aderemi. Di duty go cover cost, insurance, and freight (CIF) value of imported fuels, and President also tell NMDPRA make local refineries get priority before import permits dey given. Some analysts believe di duty fit boost local refining and strengthen naira, but others warn say e fit make fuel and food prices rise, kill potential relief from imports. Meanwhile, importers dey get small relief as CBN don reduce forex rate for cargo clearance after naira appreciate. Nigerians go dey watch next weeks to see if surge in imports go really crash prices or bring another wahala for inflation.