Nigeria suspends implementation of 4% FOB charge in ports

The Nigeria Customs Service has suspended the introduction of the 4% Free-on-Board (FOB) value charge on imports.

The suspension of the policy followed backlash from Nigerians, especially stakeholders in the country’s maritime sector.

The National Public Relations Officer of the NCS, Assistant Comptroller of Customs, Abdullahi Maiwada, announced the suspension of the policy on Tuesday in Abuja.