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Home Economy Customs, Finance Ministry Brainstorm on 4% FOB, CISS Charges
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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:

  • Army, Police, DSS Eliminate Notorious Bandit Leader, 3 Others, Rescue FCTA Staff
  • Troops Repel Bandits’ Attacks in Katsina, Kebbi, Recover Rustled Cattle
  • Nigeria, Saudi Arabia Strengthen Economic Ties at Money20/20 Conference

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

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Army, Police, DSS Eliminate Notorious Bandit Leader, 3 Others, Rescue FCTA StaffTroops Repel Bandits’ Attacks in Katsina, Kebbi, Recover Rustled CattleNigeria, Saudi Arabia Strengthen Economic Ties at Money20/20 ConferenceNiger Delta: How NAF Air Strikes Boosted Crude Oil Output, Curbed Theft African PR Awards: SABRE Partners PRCA for 2026 EditionMinister of Defence Calls for Global Cooperation to Sustain PeaceCustoms, FIRS, Stakeholders Deepen Push for Single Window ImplementationFG Unveils World-Class Centre to End Passport BacklogsFG Rolls Out PFI 3.0 to Secure Fertilizer Access for Nigerian FarmersLagos Police Foil Riot, Looting at Popular Market, Arrest 18 SuspectsTroops Capture Notorious Bandits Kingpin in TarabaIdris Dankabo: Prominent Kano Monarch Buried in KanoTroops Intercept 700 Bags of Fertilizer, Drugs Meant for Terrorists in YobeArmy Condemns Soldier to Death by Hanging for Killing Tricycle RiderCourt Dismisses Suit Seeking to Bar ICPC from Probing Bauchi Security Votes
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