News
JUST IN: Customs backpedals suspends 4% FOB charge

By Kayode Sanni-Arewa
The Nigeria Customs Service (NCS) has backpedalled by suspending 4 percent Free-on-Board charge on value of imports, it introduced.
This is the outcome of the ongoing consultations with the Minister of Finance and Coordinating Minister of the Economy, Olawale Edun and other stakeholders.
NCS National Public Relations Officer, Assistant Comptroller of Customs, Abdullahi Maiwada disclosed this in a press statement.
He said: “The Nigeria Customs Service (NCS) hereby announces the suspension of the implementation of 4% Free-on-Board (FOB) value on imports as provided in Section 18(1)(a) of the Nigeria Customs Service (NCSA) 2023.
This is sequel to ongoing consultations with the Minister of Finance and Coordinating Minister of the Economy, Olawale Edun and other Stakeholders.”
According to the statement, the suspension will enable comprehensive stakeholder engagement and consultations regarding the Act’s implementation framework.
NCS said the timing of this suspension aligns with the exit of the contract agreement with the Service providers, including Webb Fontaine, which were previously funded through the 1% Comprehensive Import Supervision Scheme (CISS).
This presents an opportunity to review our revenue framework holistically.
The statement said under the previous funding arrangement repealed by the NCSA 2023, separating the 1% CISS and 7% cost of collection created operational inefficiencies and funding gaps in customs modernisation efforts
The new Act, according to the statement, addresses these challenges by consolidating “not less than 4% of the Free-on-Board value of imports,” designed to ensure sustainable funding for critical customs operations and modernisation initiatives.
The statement reads in part: “This transition period will allow the Service to optimise the management of these frameworks to serve our stakeholders and the nation’s interests better.
“The Act further empowers the Service to modernise its operations through various technological innovations. Specifically, Section 28 of the NCSA 2023 authorises developing and maintaining electronic systems for information exchange between the Service, Other Government Agencies, and traders.
The Service is already implementing several digital solutions, including the recently deployed B’Odogwu clearance system, which stakeholders are benefiting from through faster clearance times and improved transparency.
“Other innovative solutions authorised by the Act include; Single Window implementation (Section 33), Risk management systems (Section 32), Non-intrusive inspection equipment (Section 59) and Electronic data exchange facilities (Section 33(3).
“The suspension period will allow the Service to further engage with stakeholders while ensuring proper alignment with the Act’s provisions for sustainable funding of these modernisation initiatives.
“The NCS remains committed to implementing the provisions of the Act in a manner that best serves our stakeholders while fulfilling our revenue generation and trade facilitation mandate.
“We will communicate the revised implementation timeline following the conclusion of stakeholder consultations.”
News
Senate To Scrutinize Tinubu’s Tax Reform Bills Today

The leadership of the 10th Senate has postponed the passage of President Bola Tinubu’s tax reform bills to Wednesday (Today) for proper scrutiny and debate.
Recall that the four bills, Nigerian Tax Bill, Tax Administration Bill, Revenue Tax Board Bill, and Nigerian Revenue Service Establishment Bill were forwarded by the President six months ago as part of efforts to reform the country’s fiscal policies and boost revenue generation.
The delay in the passage of the bills had raised concerns, especially after the House of Representatives approved them two weeks ago, putting pressure on the Red Chamber.
In a related development, the Senate leadership resolved to hold a two-day national security summit to brainstorm a solution to the rising wave of killings and other forms of insecurity in the country.
The decision followed a motion sponsored by Jimoh Ibrahim, senator representing Ondo south, at the resumption of plenary on Tuesday.
While on a working visit to France, bandits in a senseless campaign of violence killed innocent Nigerians in Plateau, Benue and Zamfara States, culminating in calls for President Bola Tinubu to cut short his vacation to return home to lead the fight against insecurity from the front.
Leading the debate, Ibrahim said the “high level” of global insecurity is driven by events in Russia and Ukraine and compounded by tensions between the global north and global south.
According to him, the issues have continuously worsened food insecurity and affected the attainment of the sustainable development goals.
News
Your Best Days in Politics Are Still Ahead – Speaker Abbas Tells Kalu

By Gloria Ikibah
Speaker of the House of Representatives, Rep. Tajudeen Abbas, has hailed his Deputy, Rep. Benjamin Okezie Kalu, as a rising force in Nigeria’s political landscape, describing him as a man whose journey is only just beginning.
Abbas gave the remarks on Tuesday inside the chamber, shortly after plenary, as members of the House gathered to celebrate Kalu’s 54th birthday with a brief ceremony and a cake-cutting session.
Kalu, who represents Bende Federal Constituency of Abia State, turned 54 on Monday.
A lawyer by training and former spokesperson for the House, he has grown into a familiar face not just within Nigeria’s legislature but also across international parliamentary networks.
In recent times, Kalu has taken on significant continental and global responsibilities. He chairs the Finance and Administrative Committee of the ECOWAS Parliament and leads the African Union Parliament’s Committee on Monetary and Financial Affairs. He is also an active member of the Inter-Parliamentary Union and sits on the steering committee of the Parliamentary Conference on the World Trade Organization.
His colleagues describe him as strategic, forward-looking, and quietly ambitious, a lawmaker whose blend of eloquence and diplomacy has made him a respected voice both at home and abroad.
Speaking to journalists after the brief celebration, Abbas said, “Benjamin Kalu is not just a Deputy Speaker. He is a man with vision, poise, and the kind of political maturity that Nigeria will need even more in the years to come. His future is very bright.
News
Council poll: APC working on consensus candidates ahead of primaries

Lagos State chapter of the All Progressives Congress (APC) is working towards consensus candidates for the upcoming primary election scheduled for Saturday.
The move is part of the party’s efforts to maintain unity and reduce internal frictions.
Five aspirants emerged unopposed following the screening organised by the party.
The incumbent Chairman of Surulere Local Government, Sulaimon Yusuf; his counterpart in Iba Local Council Development Area (LCDA), Jubril Yisa; Motunrayo Alogba of Ijede LCDA and Kasali Bamidele in Lekki LCDA emerged unopposed. A new aspirant, Azeez Kareem, was the only person cleared to contest in Oto-Awori LCDA.
Chairman of the APC Lagos State Electoral Committee, Babatunde Ogala, SAN, in an interview with The Nation, disclosed that more aspirants had emerged unopposed following interventions from the party leaders.
He expressed optimism that many more aspirants would step down before the Saturday primary election.
“We are hoping to have at least 70 per cent consensus candidates going into the primary election. If we can achieve that, it will leave us with only 30 per cent to conduct primaries for,” he said.
According to him, the appeal committee, headed by Mr. Adeniji Kazeem, SAN, has been sitting for the past two days and has received over 100 petitions.
Ogala said the committee had treated over 70 of the petitions and would conclude their assignment today (Wednesday).
He explained that while the party had prepared for indirect primaries, involving delegates drawn from local government executives, efforts were ongoing at various levels to arrive at consensus candidacies in many wards.
He said electoral materials were being finalised for distribution by Saturday, with electoral officers already appointed to oversee the process in all 57 local councils.
Ogala said security had been fully arranged in collaboration with the police, DSS, civil defence and Lagos traffic officials to ensure order and smooth movement at the secretariats where the primaries were expected to take place.
According to him, the party is also scheduled to hold a key stakeholders’ meeting today with senior officials and aspirants to finalise agreements and chart the way forward.
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