APFFLON Raises Alarm Over Grimaldi’s Dollar Container Sales, Cites Naira Threat
PTML Terminal
The Africa Association of Professional Freight Forwarders and Logistics of Nigeria (APFFLON) has strongly condemned Grimaldi Agency Nigeria for advertising empty containers for sale in United States Dollars, describing the practice as a direct affront to Nigeria’s economic stability and a contradiction of the Federal Government’s Renewed Hope Agenda.
APFFLON National President, Otunba Frank Ogunojemite, who issued the condemnation, argued that pricing empty containers which are assets physically located within Nigeria in foreign currency was economically unjustifiable and deeply disruptive to local businesses, importers, and freight forwarders who earn revenues in Naira.
“This form of dollarization of domestic transactions is economically disruptive, anti-local content, and clearly out of tune with the realities faced by Nigerian businesses, importers and freight forwarders who earn revenues in Naira,” Ogunojemite stated.
The APFFLON president said the development was particularly troubling at a time when the Federal Government is intensifying efforts to stabilize the Naira and restore confidence in the domestic economy. He warned that if left unchecked, such practices would continue to erode the value of the Naira and weaken the resilience of Nigeria’s maritime and logistics sector.
APFFLON described the action as capable of sabotaging the Federal Government’s Renewed Hope Agenda, especially its pillars of economic recovery, currency stabilization, and reduced dependence on foreign exchange.
The association has consequently called on the Federal Government, the Central Bank of Nigeria (CBN), and the Nigerian Shippers’ Council (NSC) to immediately intervene by enforcing strict compliance with policies mandating the use of Naira for all local transactions, stressing that regulatory clarity and enforcement were urgently needed to prevent further economic distortions.
APFFLON also urged all industry stakeholders to align their business practices with national economic priorities, insisting that Nigeria’s economic recovery was a collective responsibility.
“No operator should engage in actions that undermine the country’s financial sovereignty,” Ogunojemite warned.
