Does stuff like improvements from NIMASA and the shipping industry actually make any difference for people who earn naira?

Updated May 22, 2025 • 1-min read

Posted by Anonymous

May 21, 2025

1 answer

nairashippingFinancepeoplenimasa

1 Answer

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Posted by Anonymous - May 21, 2025

Okay, so I used to think all this big talk about maritime agencies, like NIMASA, was just for people working at the ports or whatever. But now I get that shipping actually matters a ton for everyone using the naira, even if we've never seen a ship in real life. Here's why: If shipping gets more efficient and follows global best practices, it usually means it costs less to bring stuff into Nigeria.

So if NIMASA does its job well, theoretically, stuff like imported food, phones, or clothes could actually stay affordable, 'cause shipping isn't delayed or full of weird fees. But in reality, sometimes the naira is so weak that costs shoot up anyway. Like, I remember when my uncle imported used car parts, and he said better shipping helped a bit, but the naira's crazy exchange rate just made everything expensive anyway. Improvements help, but if the naira's value is dropping, it can cancel out the good stuff these shipping upgrades do. So yeah, it's all connected, but sometimes ordinary people don’t see a big impact 'cause of bigger money problems.

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