Stakeholders in the nation’s economy have advised the Nigerian Customs Service (NCS) not implement four per cent Freight on Customs System (FCS) fee it announced on February 5 this year.
Rather, they urged the NCS to engage in wider consultation.
Yesterday, the Lagos Chamber of Commerce and Industry (LCCI) called on the NCS to suspend the enforcement of the newly introduced four per cent processing charge, citing concerns over its abrupt implementation and potential economic disruption.
Director General of the LCCI, Chinyere Almona, in a statement yesterday, warned that the lack of prior stakeholder engagement before the fee’s enforcement could have negative consequences for businesses and the broader Nigerian economy.
“Unfortunately, the business community, including importers, exporters, freight forwarders, and clearing agents, were not given any prior notice or opportunity to prepare for this additional financial burden,” Almona stated.
