The Nigerian Shipper’ Council was setup to ensure: (i) Efficient and timely delivery of shipping services to the importers and exporters by the shipping services providers under the most economical arrangements; (ii) Moderation and Stabilization of costs (freight rates, port charges, local shipping charges, haulage charges etc.); (iii) Adequate understanding and know-how amongst the various practitioners in international trade both at the macro and the micro levels; (iv) Regular and reliable advice to the Federal Government on matters affecting the shipment of goods to and from Nigeria. In line with the Federal Government port reform agenda, the Nigerian Shippers' Council was appointed the Port Economic Regulator in February 2014, to create effective regulatory regime at the Nigerian ports for the control of tariff, rates, charges and other economic services and to address the negative impact of port concession activities on the economy due to the absence of an economic regulator and to realize the optimal benefits of the Federal Government of Nigeria's port reform processes. The appointment was affirmed by a Ministerial Regulation and a Presidential Order as follows: Nigerian Shippers’ Council (Port Economic Regulator) Order, 2015; and Nigerian Shippers’ Council (Port Economic) Regulations 2015.