Saraki asks FG to reconsider 4% FOB levy, says it’ll hurt businesses, consumers
[NigerianEye - Nigeria] - 10/02/2025
Bukola Saraki, former senate president, has raised concerns over the implementation of the 4 percent free-on-board (FOB) levy introduced by the Nigeria Customs Service (NCS). In a post on X on Saturday, Saraki questioned, warning that it would place undue burden on businesses and consumers. “With our annual imports estimated at N71 trillion, the new 4% customs administration charge on Free On Board (FOB) value will come to N2.84 trillion. Does this mean that the Customs Service requires an additional N2.84 trillion annually to do its job?” the post reads. “Don’t forget they already have a (…)
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