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Tincan Island Port Sensitises Stakeholders on 4% FOB, B’Odogwu

Frank Onyeka Customs Tincan Island Port

In his continuous effort and  renewed vigour to bring stakeholders up to speed on some of the emerging policies of the Nigeria Customs Service, the Customs Area Controller Tincan Island Port Command, Comptroller Frank Onyeka, says he has successfully engaged a broad spectrum of stakeholders, including importers,

Customs brokers, shipping agents, and other key players in the maritime sub – sector, of the economy, to sensitize them on the implementation of the 4 per cent Free on Board (FOB) levy and the new Unified Customs Management System known as B’Odogwu.

In a statement signed by the Public Relations officer of the Command, Mr Oscar Ivara, it was disclosed that interactive sessions were held at the Command on Thursday February 6, and Friday, February 7, 2025, to sensitise stakeholders on the operational implications of those new initiatives.

The statement noted that those developments were aimed to streamline the agency’s processes while improving efficiency and transparency within the trade and importation landscape.

The Area Controller emphasized the importance of those reforms, particularly the 4% FOB levy, which applies to the value of goods at the point of import.

According to him, the 4 per cent FOB levy, which was provided for in Section 18 of the Nigeria Customs Service Act 2023, was expected to boost the operational efficiency of the service in line with International best practices.

Additionally, he stated that the introduction of the B’Odogwu Clearance System was highlighted as a step towards modernizing the Customs clearance process while reducing bottlenecks and enhancing compliance, noting that the scheme would soon be launched in the Command.

On revenue generation, Mr Onyeka disclosed that in January 2025, the Command successfully generated about N116.4 billion, representing a significant increase when compared with the N88.4 billion recorded in January 2024.

He expressed optimism that the command would surpass its 2025 annual target of N1.524 trillion.

On some of the reforms introduced at the Command so far, Mr Onyeka said he was creating a more trade-friendly environment for all Port activities to strive, reiterating that the era of multiple alerts were over, and stressed that honest declarations and thorough examinations must be emphasized.

He promised to continue to engage stakeholders, as according to him, “this is a crucial part of ensuring the success of these initiatives,”.

Speaking further, he said, “Through constant collaboration and feedback, we aim to address concerns, foster a better understanding of the processes, and ultimately ensure smooth implementation of these policies.”

He hinted that “the directives from the Comptroller General of Customs, Mr Adewale Adeniyi, to initiate these consultations underscore the commitment of the organisation to transparency, effective communication, and partnership with stakeholders as it navigates through the evolving landscape of international trade.

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