Nigeria Customs Service Suspends Implementation of 4% FOB Levy

On Tuesday, the Nigeria Customs Service (NCS) announced a temporary suspension of the implementation of the four percent levy on the Free On-Board (FOB) value of imports. Abdullahi Maiwada, the spokesman for the service, communicated this development in a statement issued from Abuja. The suspension aims to facilitate comprehensive stakeholder engagement and consultations regarding the…

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Manufacturers Request Collaborative Action on Customs FOB Levy and NPA’s Tariffs

The Manufacturers Association of Nigeria (MAN) is reaching out to the Federal Government with a request for immediate engagement with the Nigeria Customs Service to reconsider the implementation of the 4% Free-on-Board Levy and the NPA’s 15% Ports Tariff. Segun Ajayi-Kadir, the Director-General of MAN, emphasized the need for collaboration on Tuesday, expressing the Association’s…

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“In a country where 129 million are living below the poverty line amid harsh economic conditions, importers will inevitably pass this new fee of 4% FOB costs on to consumers, further straining the budgets of millions of struggling households. And industries that import their raw materials whose duties are only 5%, the customs agency will now charge importers an extra 80% of the duty amount as administrative fees.” – Bukola Saraki, former Senate President.

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