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Customs Cancels 4% FOB Implementation, Directs Stakeholders To Recapture Entries

Sequel to the earlier press release announcing the suspension of the 4% Free-on-Board (FOB) charge on imports, the Nigeria Customs Service (NCS) wishes to inform stakeholders that all import declarations made during the initial implementation period have been cancelled.

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This measure is necessary to ensure clarity, maintain consistency in customs operations, and prevent any disruptions in clearance processes.

This was disclosed in a press statement on Monday 24 February, 2025 by the National Public Relations Officer, NCS, Assistant Comptroller of Customs, Abdullahi Maiwada

According to Maiwada, the affected importers, customs agents, and stakeholders are, therefore, required to recapture their declarations to proceed with the clearance of their goods.

In addition, all stakeholders affected are urged to promptly recapture their entries through the designated customs processing platforms.

“The NCS has put measures in place to ensure this process is seamless. Customs Commands nationwide have been directed to provide the necessary assistance and clarifications to importers and agents requiring support during this period.

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“The Service remains steadfast in its commitment to implementing government fiscal policies in alignment with the provisions of the Nigeria Customs Service Act 2023 through robust consultation and dialogue with all stakeholders.

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JournalNG reports that the decision to cancel previous declarations and give room for recapturing is part of the Service’s broader effort to be a public-centric organisation that ensures efficient service delivery.

“Under the leadership of the Comptroller-General of Customs, Bashir Adewale Adeniyi, the Service remains committed to demonstrating openness and transparency in its engagements with stakeholders.

Traders are therefore encouraged to take advantage of this opportunity to avoid any further delays in the clearance of their consignments.

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Joshua Okoria

Joshua Okoria is a Lagos based multi-skilled journalist covering the maritime industry. His ICT and graphic design skills makes him a resourceful person in any modern newsroom. He read mass communication at the Olabisi Onabanjo University and has sharpened his knowledge in media practice from several other short courses. 07030562600, hubitokoria@gmail.com

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