The Nigeria Customs Service recently imposed a four percent Free on Board fee on all imported products, but the Federal Government (FG) has postponed its implementation. Following significant worries about the levy’s detrimental economic effects from importers, trade experts, and other industry stakeholders, the decision was made public by Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economy. In his role as Chairman of the NCS Board, Mr. Wale Edun sent a letter to the Comptroller-General of Customs on Monday, September 15, 2025, directing the tax to…
FG suspends controversial 4% import duty levy
