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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.

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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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"No Pay, No Work": ASUU Orders Members to Commence Nationwide StrikeFrom Lake Chad to the Atlantic: The Nigerian Navy’s Rise as a Force for National and Continental Stability By Musa IlallahNPF Champions Regional Security Collaboration as IGP Attends 13th AFRIPOL Meeting in AlgeriaNigeria Customs Takes Anti-Money Laundering Fight to the SkiesWhat Life Really Looks Like for Nigerians Battling Sickle Cell, By Hafsat IbrahimPolice Bust Kidnapping, Cult Gangs, Arrest 8 Suspects, Recover WeaponsNDLEA Destroys Cannabis Farms, Seizes 345kg of Drugs, Arrests 37 Suspects in EdoGroup Condemns Amaechi’s Comment as Inciteful, DangerousScores of Terrorists Eliminated as NAF Bombs Boko Haram Camps in Mandara MountainsTroops Foil Coordinated Bandits Attacks, Rescue Kidnap Victims in KatsinaNAF Airstrikes Crush Terrorist Camps in Mandara Mountains, Kill Senior JAS FightersAt BRICS Summits, Tinubu Pushes for Equality in Global Finance, Health SystemsTroops Nab Notorious Militia, Recover Weapons in Plateau StateCan Nigeria Lead Africa’s AI Revolution? By Shittu Yunus ShittuTinubu to Troops: You Have My Full Backing to Crush Terrorists, Separatists
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