Customs Begins Consultation Over 4% FOB Charge, Assures Extensive Consultation Is Ongoing

…To address all agitations with the Federal Ministry of Finance

BASHIR ADEWALE ADENIYI (MFR)

The Nigeria Customs Service NCS Wednesday acknowledged stakeholders’ concerns over the sustained collection of one per cent (1%) Comprehensive Import Supervision Scheme (CISS) fee (a regulatory charge imposed for funding Nigeria’s Destination Inspection Scheme), and the four (4%) per cent FOB charge, assuring that extensive consultation is now ongoing, with the Federal Ministry of Finance, to address all agitations.

The Service affirmed this in a statement made available by the NCS Image maker and national spokesman, Assistant Comptroller of Customs, Abdullahi Maiwada, stressing its commitment to transparency, fair trade practices, and efficient revenue management, under the leadership of the Comptroller General of Customs, Bashir Adewale Adeniyi.

“The Nigeria Customs Service (NCS) proudly recognises the invaluable contributions of stakeholders in shaping and actualising the Nigeria Customs Service Act (NCSA) 2023.

“This landmark legislation, which replaces the long-standing Customs and Excise Management Act (CEMA) and other related laws is a product of extensive consultations, constructive dialogue, and collaborative efforts with key industry players, government agencies, and other stakeholders.

“Their insights, expertise, and unwavering commitment have been instrumental in ensuring a robust legal framework that enhances efficiency, promotes innovation and strengthens transparency in customs operations.

“In line with the provisions of Section 18 (1) of NCSA 2023, the NCS is implementing a 4% charge on the Free On-Board (FOB) value of imports. The FOB charge, which is calculated based on the value of imported goods, including cost of goods and transportation expenses incurred up to the port of loading, is essential to driving the effective operation of the Service

“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.

“Under the leadership of the Comptroller General of Customs, Bashir Adewale

Adeniyi, the NCS reaffirms its commitment to transparency, fair trade practices, and efficient revenue management”, the statement further stated.

Maiwada, therefore, urged all stakeholders to support this legally binding initiative. 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.

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