By Emma Ujah, Abuja Bureau Chief
The Nigeria Customs Service (NCS) has acknowledged receipt of the directive from the Federal Ministry of Finance suspending the implementation of the 4% Free-on-Board (FOB) levy on imported goods.
In a statement issued by its spokesman, Abdullahi Maiwada (AC), on behalf of the Comptroller-General, Adewale Adeniyi, the Service said it had commenced consultations with the Ministry to explore alternative measures.
“The Service appreciates the Ministry’s engagement on this matter and remains committed to supporting government fiscal policies. Pursuant to this directive, the Service has begun immediate consultation with the supervisory Ministry to seek guidance on alternative measures during this suspension, to ensure continuity of service delivery to all stakeholders,” the statement read in part.
It added that discussions with the Ministry and other relevant stakeholders were ongoing to address concerns raised while ensuring that the Service’s statutory obligations were met effectively.
The NCS further clarified reports suggesting that the levy was a recent introduction. “For clarity, the Service wishes to emphasise that the National Assembly established the 4% FOB provision 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 statutory funding mechanism for the Service’s operations,” the statement said.
While assuring the trading public, licensed customs agents, and international partners of seamless operations, the Service reiterated its commitment to efficient service delivery, international best practices, revenue generation, and enhanced trade facilitation in support of Nigeria’s economic growth.
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