The Nigeria Customs Service (NCS) has confirmed receipt of a directive from the Federal Ministry of Finance to suspend the planned implementation of the 4% Free-on-Board (FOB) charge on imported goods.
In a statement signed by its Spokesperson, Abdullahi Maiwada, the Service expressed appreciation for the Ministry’s engagement and reiterated its commitment to supporting government fiscal policies while ensuring smooth operations across Nigeria’s borders.
Following the directive, the NCS said it has initiated consultations with the supervisory Ministry to explore alternative measures during the suspension period.
“We are actively engaging the Ministry to ensure continuity of service delivery to all stakeholders while respecting the suspension,” the statement read.
The Service also stressed its optimism that ongoing discussions with the Federal Ministry of Finance and other stakeholders will address concerns raised over the FOB charge.
“We look forward to constructive engagement that will ultimately serve the best interests of the Federal Republic of Nigeria, enhance revenue generation, and support the nation’s economic growth objectives through efficient customs administration,” it added.
The suspension comes amid debates on the potential impact of the charge on import costs, trade facilitation, and revenue generation.
