FG Directs Immediate Suspension Of Custom’s 4% FOB Charge on All Imported goods

The Federal Government has directed the Nigeria Customs Service to immediately suspend the implementation of the collection of 4% Free on Board (FOB) recently levied on all imported goods.

In a statement signed by R. O. Onuachi, FCA
Permanent Secretary, Special Duties
For: Honourable Minister of Finance and Coordinating Minister of the Economy reads:

“FEDERAL MINISTRY OF FINANCE
Office of the Permanent Secretary Finance (Special Duties)
Ahmadu Bello Way, Central Business District, P.M.B. 14 Garki, Abuja, Nigeria
www.finance.gov.ng

F6330/T/12
15th September, 2025

The Comptroller-General,
Nigeria Customs Service,
Customs House,
2, Lake Taal Close,
Maitama,
Abuja.

SUSPENSION OF THE IMPLEMENTATION OF 4% FOB CHARGED BY THE NIGERIA CUSTOMS SERVICE

Pursuant to the powers vested upon the Honourable Minister of Finance and the Coordinating Minister of the Economy under Part III, Section 12 of the Nigeria Customs Service Act, 2023 as the Chairman of the Board of Nigeria Customs Services, I write to direct the immediate suspension of the implementation of the collection of 4% Free on Board (FOB) recently levied by the Nigeria Customs Service on all imported goods.

2. Following extensive consultations with industry stakeholders, trade experts, and relevant government officials, it has become clear that the implementation of the 4% FOB charge poses significant challenges to the Nigerian trade facilitation, environment and economic stability. Many importers and businesses have raised concerns about the increased financial burden this levy imposes, with potential adverse effects on inflation, trade competitiveness, and the overall business climate in Nigeria.

3. This suspension will provide an opportunity for comprehensive stakeholder engagement and a thorough review of the levy framework and its broader economic implications. The Ministry of Finance looks forward to working closely with the Service and all relevant parties to devise a more equitable and efficient revenue structure that supports both revenue generation and economic growth and stability.

4. Ensure strict compliance, please.

[Signature]

R. O. Onuachi, FCA
Permanent Secretary, Special Duties
For: Honourable Minister of Finance and Coordinating Minister of the Economy.”