Korede Abdullah in Lagos
The Nigeria Customs Service (NCS) has recognized the significant contributions of stakeholders in shaping the Nigeria Customs Service Act (NCSA) 2023. This landmark legislation replaces the long-standing Customs and Excise Management Act (CEMA) and other related laws.
According to National Public Relations Officer, Abdullahi Maiwada in a statement on Thursday, the landmark legislation is a product of extensive consultations, constructive dialogue, and collaborative efforts with key industry players, government agencies, and other stakeholders.
“The stakeholders’ 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,” Maiwada stated.
In line with the provisions of Section 18 (1) of NCSA 2023, the NCS is implementing a 4% charge on the Free On-Board (FOB) value of imports. “The FOB charge… is essential to driving the effective operation of the Service,” the statement reads.
However, the NCS acknowledges concerns raised by stakeholders over the sustained collection of 1% Comprehensive Import Supervision Scheme (CISS) fee alongside the 4% FOB charge.
The NCS has assured the public that extensive consultation is ongoing with the Federal Ministry of Finance to address stakeholders’ concerns. Under the leadership of Comptroller General of Customs, Bashir Adewale Adeniyi, the NCS reaffirms its commitment to transparency, fair trade practices, and efficient revenue management.
The Service urges all stakeholders to support this legally binding initiative, which reflects a balanced approach born out of extensive consultations with industry players, importers, and regulatory bodies.
