FG Suspends 4% FOB Levy on Imports Amid Economic Concerns

FG Suspends 4% FOB Levy on Imports Amid Economic Concerns

The Federal Government has directed the Nigeria Customs Service (NCS) to suspend the implementation of the 4% Free-on-Board (FOB) levy on imported goods. This decision follows extensive consultations with industry stakeholders and trade experts, revealing that the levy poses significant challenges to Nigeria’s trade facilitation environment and economic stability. A memo dated September 15, 2025, […]