Nigeria Customs Exempts Import Goods from 4% Levy, Boosts Local Manufacturing

The Nigeria Customs Service, led by Adewale Adeniyi, announced the exemption of specific import goods from the 4% FOB levy, bringing relief to manufacturers in Nigeria. The exemption covers raw materials, spare parts, and machinery for manufacturing beneficiaries.

This move is part of efforts to boost local manufacturing and reduce costs for businesses. The list of exempt items includes essential goods like medical equipment, relief items, and humanitarian products.