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FG halts implementation of 4% FOB levy on imports.
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Suspension follows stakeholder consultations over inflationary and competitiveness risks.
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Customs directed to comply while framework review is conducted.
The Federal Government has suspended the 4% Free on Board (FOB) levy recently imposed by the Nigeria Customs Service on imported goods, citing concerns over trade competitiveness, inflationary pressures, and operational challenges for importers.
The directive, effective immediately, was communicated through a letter signed by R. O. Omachi, Permanent Secretary, Special Duties, Federal Ministry of Finance, on Monday.
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The suspension follows consultations with industry stakeholders, trade experts, and government officials, who flagged potential adverse effects on business operations and the broader economy.
“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,” the statement read.
The suspension allows for a comprehensive review of the levy’s framework, ensuring that future revenue measures are equitable, efficient, and supportive of both national economic growth and business stability.
Customs officials have been instructed to strictly adhere to the directive while the Ministry engages stakeholders to develop a balanced revenue collection system.
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The 4% FOB levy, initially introduced in August 2025 as a unified fee intended to replace multiple import-related charges, had instead been collected alongside existing 7% cost of collection and 1% processing fee under the Comprehensive Import Supervision Scheme (CISS).
Importers warned that the combined burden was inflating clearing costs and pushing prices higher, particularly for vehicles.
