The Nigeria Customs Service (NCS) has acknowledged receiving a directive from the Federal Ministry of Finance to suspend the implementation of the 4% Free-on-Board (FOB) charge on imported goods.
In a statement issued on Tuesday by its National Public Relations Officer (NPRO), Abdullahi Maiwada, the Service expressed appreciation to the Ministry for its engagement on the matter and reaffirmed its commitment to supporting government fiscal policies and initiatives.
The statement read in part:
"Pursuant to this directive, the Service has commenced immediate consultations with the supervisory Ministry to seek guidance on alternative measures during this suspension, with a view to ensuring seamless and uninterrupted service delivery to all stakeholders."
Maiwada further noted that the NCS is optimistic about ongoing discussions with the Ministry of Finance and other relevant stakeholders to address concerns raised over the policy. He emphasized that the ultimate goal is to strike a balance between addressing stakeholder concerns, meeting the Service’s statutory obligations, enhancing revenue generation, and driving sustainable economic growth through efficient customs administration.
The Service also clarified reports suggesting that the 4% FOB charge was a recent initiative by the NCS. It explained that the provision was established by the National Assembly through Section 18(1)(a) of the Nigeria Customs Service Act, 2023, which stipulates “not less than 4% of the free-on-board value of imports, in line with international best practices,” as a statutory funding mechanism for the Service’s operations.
Reassuring the trading public, licensed customs agents, and international partners, the NCS stressed that its operations will continue without disruption during the suspension period.
"We remain firmly committed to delivering efficient services, upholding international best practices, and supporting Nigeria’s economic growth through effective revenue collection and enhanced trade facilitation," the statement concluded.
