• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Economy Customs, Finance Ministry Brainstorm on 4% FOB, CISS Charges
  • Economy

Customs, Finance Ministry Brainstorm on 4% FOB, CISS Charges

By
Abdullahi Maiwada
-
February 6, 2025
Nigerian Customs Service, NCS

Customs, Finance Ministry Brainstorm on 4% FOB, CISS Charges

The Nigeria Customs Service (NCS) proudly recognises the invaluable  contributions of stakeholders in shaping and actualising the Nigeria Customs Service Act (NCSA) 2023.

This landmark legislation, which replaces the long-standing Customs and Excise Management Act (CEMA) and other related laws is a product of extensive consultations, constructive dialogue, and collaborative efforts with key
industry players, government agencies, and other stakeholders.

Their insights, expertise, and unwavering commitment have been instrumental in ensuring a robust legal framework that enhances efficiency, promotes innovation and strengthens transparency in customs operations.

 In line with the provisions of Section 18 (1) of NCSA 2023, the NCS  implementing a 4% charge on the Free On-Board (FOB) value of imports.

Read Also:

  • DICON Targets 30m Ammunition Rounds Annually, Eyes Self-Sufficiency in Gunpowder
  • VP Shettima, Ribadu, Atiku Lead Dignitaries as Sheikh Dahiru Usman-Bauchi is Laid to Rest
  • Kano Police Arrest Transborder Crime Financier, Recover N15.28m

The FOB charge, which is calculated based on the value of imported goods, including
cost of goods and transportation expenses incurred up to the port of loading, is essential to driving the effective operation of the Service.

Furthermore, the NCS acknowledges concerns raised by stakeholders over the  sustained collection of 1% Comprehensive Import Supervision Scheme (CISS)
fee (a regulatory charge imposed for funding Nigeria’s Destination Inspection
Scheme) alongside the 4% FOB charge. As a responsive and responsible government agency, the Service wishes to assure the general public that extensive consultation is ongoing with the
Federal Ministry of Finance to address all agitations raised by our esteemed stakeholders.

Under the leadership of the Comptroller General of Customs, Bashir Adewale Adeniyi, the NCS reaffirms its commitment to transparency, fair trade practices, and efficient revenue management. All stakeholders are urged to
support this legally binding initiative, as the measures introduced in alignment with the NCSA 2023 reflects a balanced approach born out of extensive consultations with industry players, importers, and regulatory bodies.

ABDULLAHI MAIWADA
Assistant Comptroller of Customs
National Public Relations Officer
For Comptroller-General of Customs
5 February 2025

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • (NCSA) 2023.
  • Free On-Board
  • Nigeria Customs Service
  • Nigeria Customs Service Act
Previous articleSetback For Trump As Another Federal Judge Blocks Executive Order Ending Birthright Citizenship
Next articleInsecurity: Tinubu Tasks Security Agencies to Harmonize Operations 
Abdullahi Maiwada
Abdullahi Maiwada
Xing

RELATED ARTICLESMORE FROM AUTHOR

Comptroller-General of Customs Conference

Customs PR Unit Shines at CGC Award Night as Kano/Jigawa Command Clinches Multiple Honours

Umza

New Airlines Umza, United Nigeria Break Overland’s Monopoly, Lowering Ilorin–Abuja Airfares

Vice President Kashim Shettima, representing President Bola Tinubu and CG Customs Bashir Adewale Adeniyi at CPACT summit Abuaj

African Customs Bodies Pledge Stronger Cooperation Against Non-Tariff Barriers

Issues as Johannesburg hosts Africa’s maiden G20 Summit, By Hammeed M. Bello, PhD

FG, States, LGs Share N2.094trn in October – FAAC

Vice President Kashim Shettima, representing President Bola Tinubu and CG Customs Bashir Adewale Adeniyi at CPACT summit Abuaj

Tinubu Opens C-PACT Summit, Says Africa Must Break Inefficient Borders

Stakeholders Support E-Governance Push, Seek Institutional Clarity

Finally, NASS Holds Public Hearing on Landmark Digital Economy and e-Governance Bill on Monday

President Bola Ahmed Tinubu

Tinubu Appoints John Nwabueze as Nigeria’s Tax Ombudsman

Comptroller-General of Customs, Adewale Adeniy At the meeting, Deputy Comptroller-General Caroline Niagwan

Netherlands Deepen Customs Cooperation for Smarter Trade

Unlocking Nigeria’s Fiscal Future Through Tax Reform By Abdullateef M Awal

Nigerian Youths

Empowering Nigerian Youth in Building a Climate-Resilient Future By Mustapha Abdulganiyu

Recent Posts

  • DICON Targets 30m Ammunition Rounds Annually, Eyes Self-Sufficiency in Gunpowder
  • VP Shettima, Ribadu, Atiku Lead Dignitaries as Sheikh Dahiru Usman-Bauchi is Laid to Rest
  • Kano Police Arrest Transborder Crime Financier, Recover N15.28m
  • Troops Arrest 22 Terror Logistics Suppliers, Eliminate Terrorist in Separate Borno Operations
  • Army Elevates 28 Brigadier Generals, 77 Colonels in Major Leadership Shake-Up
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
DICON Targets 30m Ammunition Rounds Annually, Eyes Self-Sufficiency in GunpowderVP Shettima, Ribadu, Atiku Lead Dignitaries as Sheikh Dahiru Usman-Bauchi is Laid to RestKano Police Arrest Transborder Crime Financier, Recover N15.28mTroops Arrest 22 Terror Logistics Suppliers, Eliminate Terrorist in Separate Borno OperationsArmy Elevates 28 Brigadier Generals, 77 Colonels in Major Leadership Shake-UpPRNigeria’s Factchecker Wins Best Open Source Intelligence Award in West AfricaNavy Launches Exercise OMI AILEWU 2025 to Boost Maritime SecurityPSC, Police Move to Recruit 30,000 Policemen, Inaugurate Joint CommitteeTroops Foil Bandit Attack in Sokoto as Police Arrest Kidnappers in Niger StateAkpabio Dissolves Senate Committees on National Security and Intelligence, Air ForceNigerian Navy Elevates 15 Rear Admirals, 31 Commodores, 81 OthersNAF Promotes 27 AVMs, 30 Air CommodoresCustoms PR Unit Shines at CGC Award Night as Kano/Jigawa Command Clinches Multiple HonoursCustoms, Gambia Revenue Authority Seal AEO CollaborationKano Police Deploys Additional Operatives to Secure Communities, Schools
X whatsapp