Nigeria Customs Imposes 4% FOB Import Charge

The Nigeria Customs Service (NCS) has begun implementing a 4 percent charge on the Free On-Board (FOB) value of imports. NCS spokesperson Abdullahi Maiwada announced the directive in a statement on Wednesday, February 5, in Abuja. Maiwada explained that the charge is in accordance with the provisions of the Nigeria Customs Service Act (NCSA) 2023. “In line with the provisions of Section 18 (1) of NCSA 2023, the NCS is implementing a 4 per cent charge on the Free On-Board (FOB) value of imports. “The FOB charge, which is calculated based on the value of imported goods, including cost of goods and transportation expenses incurred up to the port of loading, is essential to driving the effective operation of the service. “Furthermore, the NCS acknowledges concerns raised by stakeholders over the sustained collection of 1 per cent Comprehensive Import Supervision Scheme (CISS) fee. “It is a regulatory charge imposed for funding Nigeria’s Destination Inspection Scheme alongside the 4 per cent FOB charge. “As a responsive government agency, the service wishes to assure the general public that extensive consultation is ongoing with the Federal Ministry of Finance to address all agitations raised by our esteemed stakeholders,” he said. Freddie step mom He called on all stakeholders to adhere to the directive, emphasizing that it was introduced after thorough consultations with relevant organizations and industry players. “All stakeholders are urged to support this legally binding initiative. “As the measures introduced in alignment with the NCSA 2023 reflects a balanced approach born out of extensive consultations with industry players, importers, and regulatory bodies,” he said. He acknowledged the invaluable role of stakeholders in shaping and implementing the NCSA 2023. “Their insights, expertise, and unwavering commitment have been instrumental in ensuring a robust legal framework that enhances efficiency, promotes innovation and strengthens transparency in customs operations,” he said. He stated that under the leadership of Comptroller-General Adewale Adeniyi, the service remains dedicated to transparency, fair trade practices, and efficient revenue management.