Lagos, Nigeria –16 September 2025: “The Minister of Finance & Coordinating Minister for the Economy, Wale Edun, just saved our country from a self-inflicted price escalations.”
That’s the Manufacturers Association of Nigeria (MAN), in a jubilant reaction to the suspension of the reintroduced 4% Free-on-Board charge on imports, which came into effect on August 4, 2025.
The association applaud the government for listening to the concerns of stakeholders and taking swift action to redress the issue.
Director – General of the Association, Segun Ajayi-Kadir, said enthusiastically ” The Minister just saved our country from a self-inflicted price escalation that could have unsettled the widely acknowledged stability and repurposing this administration has achieved.
“This move comes as a relief to our members and the broader manufacturing sector, which has been anxiously concerned about the imposition of the charge which was significantly higher than the combined effect of the subsisting 7% surcharge and 1% CISS, thereby impacting heavily on the cost of our inputs; the higher cost will be passed on to consumers and this will fuel inflation, which already stands at 21.88% as at July 2025, and undermine the prevailing struggle with high inflation;he said.
The Association urges the Nigeria Customs Service (NCS) to swiftly communicate the directive to all relevant commands, so that the charge will go off its portal.
He stressed that the more than 2,500 members, who operate in 10 sectors and more than 60 sub-sectors across the country, earnestly await the full restoration of the B’Odogwu platform.
