Tag: FOB Levy

Ban on styrofoam, satchet alcohol to worsen employment - NECA
News

NECA commends FG’s suspension of 4% FOB levy

The Nigeria Employers’ Consultative Association has commended the federal government for suspending the four per cent free on board collected by the Nigeria Customs Service. Speaking in Lagos, Adewale-Smatt Oyerinde, director-general of NECA, said the move demonstrates the government’s commitment to supporting the organised private sector and driving economic growth. He noted that the withdrawal […]

Business

4% FOB levy’ll add ₦4trn to freight costs, Importers warn

The Importers Association of Nigeria has declared that the four per cent free on-board, FOB levy is estimated to add N4 trillion annually to freight costs, a burden that would be transferred directly to consumers. Speaking at its National Executive Committee meeting, National President/Board of Trustee Chairman, Chief Gilbert Obi, warned that the levy would […]