x

Customs to Replace Multiple Import Levies with Unified 4% FOB Charge – CGC Adeniyi

The Comptroller-General of the Nigeria Customs Service (NCS), Adewale Adeniyi, has announced a major reform in the nation’s import duty structure. The NCS will scrap multiple existing levies and introduce a single, unified 4% Free On Board (FOB) charge on imports.

Speaking at a stakeholder town hall meeting held in Lagos on Monday, July 21, 2025, Adeniyi said the reform is aimed at simplifying trade processes, improving transparency, and enhancing revenue collection.

Under the new policy, the current 1% Comprehensive Import Supervision Scheme (CISS) and the 7% cost of collection levied on imports will be eliminated. In their place, importers will pay only a flat 4% FOB charge upfront.

“Once the 4% FOB charge takes effect, both the 1% CISS and the 7% cost of collection will be scrapped. No additional levies will be imposed,” Adeniyi confirmed.

He added that this unified charge aligns with provisions in the new Customs Act, stating that the entire revenue generated would be remitted directly to the Federation Account, ensuring a more transparent system.

This change forms part of broader reforms under the introduction of the B’Odogwu clearance platform—a locally developed digital system aimed at streamlining import clearance and boosting trade facilitation.

Stakeholder Reactions

Themed “Enhancing Trade Compliance and System Optimisation Through Stakeholder Engagement,” the town hall meeting drew freight forwarders, clearing agents, and other trade stakeholders.

While many attendees welcomed the simplified charges, concerns were raised about delays in system transitions, especially with banking processes and required documentation.

Deputy Comptroller-General of Customs in charge of ICT/Modernisation, Kikelomo Adeola, stressed the strategic importance of the B’Odogwu platform, describing it as a national project that will elevate Nigeria’s position in global customs digitalisation—particularly significant as Nigeria currently chairs the World Customs Organisation (WCO).

Saleh Ahmadu, Chairman of Trade Modernisation Project Limited (TMPL), reiterated the project’s readiness to invest in necessary infrastructure to support a seamless transition and improve trade experiences.

Looking Ahead

Panel sessions at the event covered key issues including “Overcoming Common Importer Challenges on B’Odogwu” and “Enhancing Transparency, Speed, and Revenue through Full Participation.” Participants also had the opportunity to raise concerns and seek clarification during an interactive Q&A session.

The unified 4% FOB charge is expected to eliminate arbitrary costs, reduce complexity in Nigeria’s import system, and significantly improve the country’s performance on global trade facilitation indices.

Hot this week

Tax Reforms Act: Civil Society Groups Name Speaker Tajudeen Abbas as Man of the Year

***Commend House of Reps for Leading Transparency in GovernanceThree...

AFRICA AS THE CENTERPIECE OF CHINA’S FOREIGN POLICY AND DIPLOMATIC ENGAGEMENT

By Prof Sheriff Ghali IbrahimIt is a diplomatic mantra...

NANNM FCT Condemns Brutal Killing of Abuja Nurse, Demands Justice

By Achadu Gabriel, KadunaThe Federal Capital Territory (FCT) Council...

Bandits Demand ₦500m Ransom for Abducted Kaduna Photojournalist, Kill One Captive

By Achadu Gabriel, KadunaArmed bandits have demanded a ransom...

Presidential Tax Committee Commends Kogi’s Progress in Tax Reform

From Noah Ocheni, LokojaThe Presidential Committee on Fiscal Policy...

PANDEF Reconciliation Committee Urges Calm, Forgiveness in Rivers State Crisis

By Wilfred FrancisAbuja, Nigeria - The PANDEF Reconciliation Committee,...

Group faults Gov Eno for APC flag at Uyo Town Centre

By Ogenyi Ogenyi, .UyoAn advocacy group in Akwa Ibom,...

U.S. Foreign Policy Shifts and Their Implications for Global Geopolitics

By Michael OnjewuIn an era where multilateralism is increasingly...

VAR errors rise to 13 in first half of EPL season

Video Assistant Referee (VAR) mistakes have increased during the...

Ondo governor marks 61st birthday with pardon for seven inmates

Ondo State Governor, Lucky Aiyedatiwa, has granted amnesty to...

Sugary drinks raise heart disease risk in children – Expert

A consultant cardiologist in Gombe, Dr Abubakar Sani, has...

Related Articles

Popular Categories

spot_imgspot_img