Leadnaija
Former Senate President Bukola Saraki has expressed strong reservations about the new 4% charge on the Free On-Board (FOB) value of imports, recently introduced by the Nigeria Customs Service.The charge, which was announced by Customs Spokesman Abdullahi Maiwada on Wednesday, is expected to generate an additional N2.84 trillion annually, based on the country’s estimated N71 trillion annual imports.“The FOB charge, which is calculated based on the value of imported goods, including the cost of goods and transportation expenses incurred up to the port of loading, is essential to driving the effective operation of the service,” he said....TAP HERE TO READ THE FULL STORY..>>
