The Nigeria Customs Service (NCS) has suspended the implementation of the controversial 4% Free-on-Board (FOB) charge on imported goods following a directive from the Federal Ministry of Finance.
In a statement issued on Tuesday, the Service said it has commenced immediate consultations with its supervisory ministry to fashion out alternative measures to sustain smooth operations during the period of suspension.
The NCS assured stakeholders that the suspension will not affect its statutory obligations, stressing that consultations with relevant agencies are ongoing to ensure revenue generation and trade facilitation are not disrupted.
The Service also dismissed widespread media reports suggesting that the 4% FOB charge was newly introduced. It clarified 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 according to international best practices” as a funding mechanism for its operations.
“The Service remains optimistic about ongoing discussions with the Federal Ministry of Finance and other stakeholders to address the concerns raised while ensuring that statutory obligations are met effectively,” the statement read.
Customs further assured the trading public, licensed agents, and international partners that its operations would continue seamlessly.
“We remain firmly committed to efficient service delivery, adherence to international best practices, and supporting Nigeria’s economic growth objectives through effective revenue collection and enhanced trade facilitation,” the Service said.
The statement was signed by the National Public Relations Officer, Abdullahi Maiwada, on behalf of the Comptroller-General of Customs.
Customs Bows to Finance Ministry Directive, Suspends 4% FOB Levy Implementation
