THE National Assembly (NASS) has approved the immediate implementation of the 4% Free-On-Board (FOB) charge as stipulated in Nigeria’s Customs legislation.
The Chairman of the joint committee on Customs and Tariffs, Senator Isah Jibrin, yesterday emphasized the urgency of enforcing the law during a session with the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. He questioned the ongoing delay in applying the legal provision.
“Should a law already passed be subjected to further debate?” Jibrin asked, insisting that the FOB charge must be enforced without delay.
Following his statement, the committee unanimously voted in favor of immediate implementation.
Additionally, the National Assembly urged the finance minister to fast-track the disbursement and use of available funds for Customs modernization. This includes the ₦50 billion earmarked for a key modernization initiative that is still awaiting Federal Executive Council (FEC) approval.