The Nigeria Customs Service (NCS) has announced that the implementation of a four per cent charge on the Free On-Board (FOB) value of imports is essential to driving the effective operation of the Service.

The Comptroller General of Customs, Bashir Adeniyi, who disclosed this in a statement yesterday to the media, said the FOB charge is calculated based on the value of imported goods, including cost of goods and transportation expenses incurred up to the port of loading.

He said the NCS acknowledges concerns raised by stakeholders over the sustained collection of the one per cent Comprehensive Import Supervision Scheme (CISS) fee, which is a regulatory charge imposed for funding Nigeria’s Destination Inspection Scheme, alongside the four per cent FOB charge.

“As a responsive and responsible 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.

Adeniyi reaffirmed the NCS’s commitment to transparency, fair trade practices, and efficient revenue management.

He urged all stakeholders to support this legally binding initiative, noting that the measures introduced in alignment with the NCSA 2023 reflect a balanced approach born out of extensive consultations with industry players, importers, and regulatory bodies.