Manufacturers Halt Increasing Products Prices following Suspension of 4% FOB – MAN
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.
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.
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The association noted that in the West African sub-region, comparable economies such as Ghana, Côte d’Ivoire, and Senegal have maintained targeted inspection or collection fees within the 0.5% to 1% FOB range, imposing higher levies only on luxury or non-essential imports.
The manufacturers emphasized that it has become a matter of national interest for the project’s contractor to ensure strict adherence to the Executive Orders 003, 005 and the imperatives of the President Bola Ahmed Tinubu’s Nigeria First Policy.