The Nigeria Customs Service (NCS) has announced the suspension of the implementation of the 4% Free-on-Board (FOB) value charge on imports, as stipulated in Section 18(1)(a) of the Nigeria Customs Service Act (NCSA) 2023.
The Manufacturers Association of Nigeria (MAN) has called for the suspension of the implementation of a 4% charge on all Free On-Board (FOB) value of imports recently imposed by the Nigerian Customs Service.
The former President of the Senate, Dr. Abubakar Bukola Saraki, has criticized the Federal Government over its newly introduced 4% customs administration charge on the Free On-Board (FOB) value of imports, warning that it will worsen economic hardship for Nigerians.
The Nigeria Customs Service (NCS) has begun enforcing a 4% charge on the Free On-Board (FOB) value of imports in accordance with the provisions of the Nigeria Customs Service Act (NCSA) 2023.
