Customs, Manufacturers seal strategic Deal on 4% FOB Exemptions, Trade facilitation
Customs, Manufacturers Seal Strategic Deal On 4% FOB Exemptions, Trade Facilitation
By Babatunde Aremu
In a landmark move to strengthen Nigeria’s industrial base and ease the cost of doing business, the Nigeria Customs Service (NCS) and the Manufacturers Association of Nigeria (MAN) have reached a strategic agreement to exempt manufacturers from the controversial 4% Free-on-Board (FOB) charge and deepen trade facilitation efforts.… More...