The Nigeria Customs Service (NCS) stated that it has initiated consultations with the Federal Ministry of Finance to explore alternative funding measures during the suspension period of the four per cent Free-on-Board (FOB) charge on imported goods.

The Service, in a statement issued yesterday by the National Public Relations Officer, Dr. Abdullahi Maiwada, confirmed that it has suspended the controversial FOB charge following a directive from the Ministry.

The NCS stated that the suspension comes amid mounting concerns from traders, freight forwarders, and stakeholders regarding the impact of the levy on import costs.

The Service, however, clarified that the charge was not arbitrarily introduced, but established by the National Assembly and provided for in the Nigeria Customs Service Act, 2023.

The NCS explained that Section 18(1)(a) of the Act stipulates “not less than four per cent of the FOB value of imports according to international best practices” as a statutory funding mechanism for its operations.

While acknowledging public criticism, the Comptroller General of Customs, Bashir Adeniyi, stressed that it was acting within the law and reiterated its commitment to constructive engagement with the Finance Ministry and other stakeholders to resolve the issue.

Adeniyi assured the trading public, licensed customs agents, and international partners that operations and service delivery will continue without any disruption.

He said the Service appreciates the Ministry’s engagement on this matter and remains committed to supporting government fiscal policies.

Adeniyi added that the NCS remains firmly committed to delivering efficient service, upholding international best practices and supporting Nigeria’s economic growth through effective revenue collection and enhanced trade facilitation.

“The NCS remains optimistic about ongoing discussions with the Federal Ministry of Finance and other relevant stakeholders to address the concerns raised while ensuring that the Service’s statutory obligations are met effectively. 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,” the statement reads.