The Nigeria Customs Service (NCS) has initiated strategic discussions with the Manufacturers Association of Nigeria (MAN) to address key operational challenges, including the suspended 4% Free on Board (FOB) charge. This engagement is part of a broader effort to enhance trade efficiency, foster industrial growth, and strengthen economic development.
The President of MAN, Otunba Francis Meshioye highlighted the historic bond between the two organizations, noting that they have co-created platforms for dialogue and consultation in the past.
The meeting marked the enactment of this bond, with both parties committed to institutionalizing the arrangement to resolve operational issues and promote inclusive policy formulation.
The meeting discussed several key issues affecting the manufacturing sector, including the introduction of the 4% Free on Board (FOB) charge and its impact on the manufacturing sector, the prolonged manufacturing of the innovative BU logo platform and its implications for trade, the need for streamlined trade processes and reduced costs of doing business at the port.
The Comptroller-General of Customs Bashir Adewale Adeniyi MFR emphasized the importance of consultation and collaboration in policy development.
He noted that the NCS has consistently supported manufacturing through concrete initiatives, including the development of a comprehensive framework for establishing one-stop shops and the integration of the Bodo system into the National Single Window project.
The meeting reinforced the shared vision of the NCS and MAN to support economic growth, job creation, industrial competitiveness, and national prosperity.
Both parties are committed to continuing the dialogue and working together to achieve optimal outcomes for the benefit of the manufacturing sector and the Nigerian economy.