The Nigeria Customs Service (NCS) has announced the implementation of a 4% charge on the Free On-Board (FOB) value of imports. This new regulation, in line with the Nigeria Customs Service Act (NCSA) 2023, aims to enhance the efficiency of customs operations and promote transparency in the sector.
Abdullahi Maiwada, the spokesman for NCS, clarified that the charge, which is calculated based on the value of imported goods—including the cost of goods and transportation expenses incurred up to the port of loading—will contribute to the effective operation of the service.
The NCS also addressed concerns over the continued collection of the 1% Comprehensive Import Supervision Scheme (CISS) fee. This regulatory charge funds Nigeria’s Destination Inspection Scheme alongside the new 4% FOB charge. Maiwada assured the public that consultations with the Federal Ministry of Finance are ongoing to address stakeholder concerns.
“Stakeholder input has been invaluable in shaping the NCSA 2023, ensuring a framework that strengthens efficiency and promotes fair trade,” said Maiwada. He urged all stakeholders to comply with the directive, which reflects a balanced approach developed through extensive consultations with industry players and regulatory bodies.
Under the leadership of Comptroller-General Adewale Adeniyi, the NCS remains committed to promoting transparency, fostering innovation, and ensuring effective revenue management.
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