The Nigeria Customs Service (NCS) has announced a new 4 percent charge based on the Free On-Board (FOB) value of imported goods.
According to a statement released in Abuja by the service’s spokesperson, Abdullahi Maiwada, this decision aligns with the provisions of the Nigeria Customs Service Act (NCSA) 2023.
Under Section 18 (1) of the NCSA 2023, the NCS is mandated to enforce a 4 percent charge on the FOB value of imports. This charge is calculated based on the total value of imported goods, including the cost of the goods and transportation expenses up to the loading port. The NCS states that this fee is crucial for its efficient operations.
Maiwada also addressed concerns regarding the continued collection of the 1 percent Comprehensive Import Supervision Scheme (CISS) fee. He explained that this regulatory charge helps fund Nigeria’s Destination Inspection Scheme alongside the newly introduced 4 percent FOB charge.
“As a responsive government agency, the service wishes to assure the public that extensive consultations are ongoing with the Federal Ministry of Finance to address all concerns raised by stakeholders,” Maiwada stated.
He urged all stakeholders to adhere to the directive, emphasizing that the initiative was developed after thorough consultations with industry players, importers, and regulatory bodies. He acknowledged the significant contributions of stakeholders in shaping the NCSA 2023, highlighting their expertise and commitment to improving customs operations.
Maiwada reiterated that under the leadership of Comptroller-General Adewale Adeniyi, the NCS remains committed to ensuring transparency, fair trade practices, and effective revenue management.
