The Nigeria Customs Service (NCS) has acknowledged the directive of the Federal Ministry of Finance suspending the implementation of the 4% Free-on-Board (FOB) charge on imported goods.
In a statement signed by the National Public Relations Officer, Assistant Comptroller of Customs, Abdullahi Maiwada, the Service noted that consultations have already commenced with the supervisory ministry to explore alternative measures during the suspension period in order to ensure seamless service delivery.
“The Service appreciates the Ministry’s engagement on this matter and remains committed to supporting government fiscal policies,” the statement read.
Maiwada clarified reports suggesting that the 4% FOB was recently introduced, stressing that the provision was established by the National Assembly under Section 18(1)(a) of the Nigeria Customs Service Act, 2023, as a statutory funding mechanism in line with international best practices.
The NCS expressed optimism that ongoing engagements with the Ministry of Finance and other stakeholders would help address concerns raised while safeguarding revenue generation and trade facilitation.
Reassuring stakeholders, the Service pledged uninterrupted operations, continued adherence to international standards, and firm commitment to efficient customs administration in support of Nigeria’s economic growth.
