MAN commends FG for suspending 4% FOB levy by Customs

By Yinka Kolawole  

The Manufacturers Association of Nigeria (MAN) has commended the Federal Government implicit the suspension of the 4% Free-on-Board complaint connected imports precocious reintroduced by the Nigeria Customs Service (NCS), which came into effect connected August 4, 2025.  

In a connection yesterday, Director General of MAN, Segun Ajayi-Kadir, said the determination comes arsenic a alleviation to the manufacturing sector, which according to him, has been anxiously acrophobic astir the imposition of the charge.  

“MAN is assured that the NCS, successful keeping with its ongoing commendable reforms, volition swiftly pass the directive to each applicable commands, truthful that the complaint volition spell disconnected its portal, portion we earnestly await the afloat restoration  of  the  B’Odogwu  platform,” helium stated.

Ajayi-Kadir said the suspension of the levy has brought instant succour and encouragement to the manufacturing assemblage successful Nigeria and is large quality to the concern community.  

His words: “”The Minister of Finance & Coordinating Minister conscionable saved our state from a self-inflicted terms escalation that could person unsettled the wide acknowledged stableness and repurposing this medication has achieved.  

“Though it was meant to boost the overmuch needed authorities revenue,   the   charge   is  akin   to  an   “own   goal”  in  a  football  match.

The reintroduction of the complaint was rather concerning for america and we were genuinely apprehensive that it would pb to a important escalation successful the outgo of earthy materials, machinery and spare parts that are not disposable locally and truthful person to beryllium imported.

“We reiterate our committedness to moving with the authorities and the NCS to streamline commercialized processes, trim the outgo of doing concern astatine the larboard and heighten fiscal transparency.”

The station MAN commends FG for suspending 4% FOB levy by Customs appeared archetypal connected Vanguard News.