By Yinka Kolawole
The Producers Affiliation of Nigeria (MAN) has counseled the Federal Authorities over the suspension of the 4% Free-on-Board cost on imports lately reintroduced by the Nigeria Customs Service (NCS), which got here into impact on August 4, 2025.
In a press release yesterday, Director Normal of MAN, Segun Ajayi-Kadir, mentioned the transfer comes as a reduction to the manufacturing sector, which in accordance with him, has been anxiously involved in regards to the imposition of the cost.
“MAN is assured that the NCS, consistent with its ongoing commendable reforms, will swiftly talk the directive to all related instructions, in order that the cost will go off its portal, whereas we earnestly await the complete restoration of the B’Odogwu platform,” he acknowledged.
Ajayi-Kadir mentioned the suspension of the levy has introduced instantaneous succour and encouragement to the manufacturing group in Nigeria and is nice information to the enterprise group.
His phrases: “”The Minister of Finance & Coordinating Minister simply saved our nation from a self-inflicted value escalation that might have unsettled the extensively acknowledged stability and repurposing this administration has achieved.
“Although it was meant to spice up the a lot wanted authorities income, the cost is akin to an “personal objective” in a soccer match.
The reintroduction of the cost was fairly regarding for us and we have been genuinely apprehensive that it will result in a big escalation in the price of uncooked supplies, equipment and spare components that aren’t out there domestically and subsequently need to be imported.
“We reiterate our dedication to working with the federal government and the NCS to streamline commerce processes, cut back the price of doing enterprise on the port and improve fiscal transparency.”
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