The Manufacturers Association of Nigeria (MAN) has strongly opposed the Nigeria Customs Service’s reintroduction of the 4% Free on Board (FOB) charge, effective August 4.
MAN’s Director-General, Segun Ajayi-Kadri, stated in Lagos that this move contradicts the government’s earlier suspension of the charge and raises concerns over increased costs for importing raw materials, machinery, and spare parts not produced locally.
After a rapid technical assessment, MAN found that the 4% FOB charge would severely impact the manufacturing sector.
Ajayi-Kadri emphasized that contrary to claims that the charge streamlines fees and reduces cargo clearance costs, it actually imposes a higher financial burden than the combined previous surcharges, significantly raising operational costs for manufacturers.
