News BarrelNews Barrel
  • Home
  • News
  • Business
  • Education
  • Health
  • Metro
  • Politics
  • Society
  • Tech
  • Sports
Facebook Twitter Instagram
Trending
  • Obasanjo, Amosun Receive Yayi, Urge Unity, Agribusiness, Purposeful Leadership Ahead of Ogun 2027
  • Breaking News: Supreme Court Orders Immediate Release of FPSO Tamara Tokoni Crude Oil to General Hydrocarbons, Nullifies Appeal Court Judgment
  • NIGERIA’S SECURITY CRISIS: RISING EXPECTATIONS, GROWING QUESTIONS FOR DEFENCE MINISTER MUSA
  • Ogun Deputy Governor Inaugurates Rotary Peace Institute At OOU
  • Customs Area Controller Mourns Passing of Onipokia of Ipokia Kingdom
  • Pensioners Hail Abiodun As Ogun Begins Lifetime Health Insurance Registration 
  • Medical Outreach: Rotary Club Of Iju Spring District 9111 Kicks Off New Rotary Year With Maternal, Child Health Support
  • Atiku, Gbajabiamila and Hollow Opposition
Facebook Twitter LinkedIn Pinterest RSS Instagram YouTube WhatsApp TikTok Telegram
News BarrelNews Barrel
  • Home
  • News
  • Business
  • Education
  • Health
  • Metro
  • Politics
  • Society
  • Tech
  • Sports
News BarrelNews Barrel
You are at:Home » Nigeria Customs Hails Strategic Role Of Stakeholders Towards Emergence, Implementation Of NCS Act 2023

Nigeria Customs Hails Strategic Role Of Stakeholders Towards Emergence, Implementation Of NCS Act 2023

0
By News Barrel on February 6, 2025 News

The Nigeria Customs Service (NCS) has proudly recognises the invaluable contributions of stakeholders in shaping and actualising the Nigeria Customs Service Act (NCSA) 2023.

This landmark legislation, which replaces the long-standing Customs and Excise Management Act (CEMA) and other related laws is a product of extensive consultations, constructive dialogue, and collaborative efforts with key industry players, government agencies, and other stakeholders.

In a statement signed by the National Public Relations officer of NCS, Abdullahi Maiwada an
Assistant Comptroller of Customs on behalf of the Comptroller general, noted that the insights, expertise, and unwavering commitment of stakeholders have been instrumental in ensuring a robust legal framework that enhances efficiency, promotes innovation and strengthens transparency in customs operations.

  1. In line with the provisions of Section 18 (1) of NCSA 2023, the NCS is
    implementing a 4% charge on the Free On-Board (FOB) value of imports. The FOB
    charge, which is calculated based on the value of imported goods, including
    cost of goods and transportation expenses incurred up to the port of
    loading, is essential to driving the effective operation of the Service.
  2. Furthermore, the NCS acknowledges concerns raised by stakeholders over the
    sustained collection of 1% Comprehensive Import Supervision Scheme (CISS)
    fee (a regulatory charge imposed for funding Nigeria’s Destination Inspection
    Scheme) alongside the 4% FOB charge. As a responsive and responsible government agency, the Service wishes to assure the general public that extensive consultation is ongoing with the
    Federal Ministry of Finance to address all agitations raised by our esteemed stakeholders.
  3. Under the leadership of the Comptroller General of Customs, Bashir Adewale
    Adeniyi, the NCS reaffirms its commitment to transparency, fair
    trade practices, and efficient revenue management. All stakeholders are urged to
    support this legally binding initiative, as the measures introduced in alignment with the NCSA
    2023 reflects a balanced approach born out of extensive consultations with industry
    players, importers, and regulatory bodies.


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
News Barrel
  • Website
  • Facebook
  • Twitter
  • Instagram

Newsbarrelng is an independent online news outlet committed to credible journalism and responsible reporting. We cover politics, business, entertainment, sports, and social issues shaping Nigeria and the world at large. Our editorial process is guided by accuracy, fairness, and transparency. At Newsbarrelng, we believe informed citizens build a stronger society, and we strive to provide news that reflects the realities, voices, and aspirations of people.

Related Posts

Obasanjo, Amosun Receive Yayi, Urge Unity, Agribusiness, Purposeful Leadership Ahead of Ogun 2027

Breaking News: Supreme Court Orders Immediate Release of FPSO Tamara Tokoni Crude Oil to General Hydrocarbons, Nullifies Appeal Court Judgment

Ogun Deputy Governor Inaugurates Rotary Peace Institute At OOU

Leave A Reply Cancel Reply

About
About

News Barrel NG is an independent online news platform dedicated to delivering timely, accurate, and impactful news from Ogun State and across Nigeria.

Facebook Twitter Instagram WhatsApp
Categories
  • Business (23)
  • Education (14)
  • Entertainment (22)
  • Health (9)
  • Metro (83)
  • News (2,501)
  • Opinion/Features (9)
  • Politics (46)
  • Security (29)
  • Society (43)
  • Sports (9)
  • Tech (18)

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2026 The News Barrel. Designed by FematTech.
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.