26
Sep
The Nigeria Customs Service (NCS) and the Manufacturers Association of Nigeria (MAN) have held a productive strategic engagement to strengthen collaboration in support of Nigeria's industrial growth and economic development objectives. The meeting was convened following the Ministry of Finance's directive regarding the temporary suspension of the 4% FOB charge, which provided an opportunity for comprehensive stakeholder consultation. Key Outcomes The meeting resulted in several key outcomes, including: Strategic Exemptions: Approval has been granted for strategic exemptions from the 4% FOB charges on importation of raw materials, spares, and machines by manufacturers who are beneficiaries of concessions contained in Chapters…
