By The Nigeria Customs Service (NCS) has reversed its earlier suspension of the 4% Free-on-Board (FOB) charge on imports, affecting all declarations made during the suspension period.
In a statement released on Monday, the NCS explained that the decision was made to ensure clarity, maintain operational consistency, and prevent disruptions in the clearance process.
Importers, customs agents, and other stakeholders impacted by the initial suspension have been directed to recapture their declarations to proceed with clearing their goods.
The reinstatement of the 4% FOB charge means importers will now have to adjust their calculations and payments accordingly.
This decision comes amid ongoing discussions about trade policies and their impact on Nigeria’s import sector.
Stakeholders in the industry are expected to respond to the development as they navigate the financial and logistical implications of the charge.
