By George Ozalla
The Nigeria Customs Service (NCS) has acknowledged a directive from the Federal Ministry of Finance to suspend the implementation of the 4% Free-on-Board (FOB) charge on imported goods, according to a press statement signed by Abdullahi Maiwada, Assistant Comptroller of Customs and National Public Relations Officer for the Comptroller-General of Customs.
The NCS has begun consultations with the Ministry to seek guidance on alternative measures during this suspension. The Service remains committed to supporting government fiscal policies and ensuring continuity of service delivery to all stakeholders.
The NCS clarified that the 4% FOB provision was established by the National Assembly through Section 18(1)(a) of the Nigeria Customs Service Act, 2023, as a statutory funding mechanism for the Service’s operations.
The Service assured stakeholders that operations would continue without disruption and reaffirmed its commitment to delivering efficient service, upholding international best practices, and supporting Nigeria’s economic growth.
