The Nigeria Customs Service (NCS) confirms receipt of the Federal Ministry of Finance’s directive to suspend the implementation of the 4% Free-on-Board (FOB) levy on imported goods. The Service appreciates the Ministry’s proactive engagement and remains committed to aligning with national fiscal policies.
In response, NCS has initiated consultations with the supervisory Ministry to explore alternative funding mechanisms that will ensure uninterrupted service delivery during the suspension period.
While discussions continue, the Service emphasizes that the 4% FOB provision was not a recent introduction. It was formally established under Section 18(1)(a) of the Nigeria Customs Service Act, 2023, which mandates “not less than 4% of the free-on-board value of imports” as a statutory funding source, in line with international best practices.
The NCS assures all stakeholders—including importers, licensed agents, and international partners—that operations will proceed without disruption. The Service remains dedicated to efficient customs administration, robust revenue generation, and facilitating trade to support Nigeria’s economic growth.