Nigerian Manufacturers Applaud Government's Suspension of Import Charge

The Manufacturers Association of Nigeria (MAN) and Airline Operators of Nigeria (AON) praised the federal government's suspension of the 4.0% FOB charge on imports. MAN's Director General, Segun, lauded the move for providing relief to the manufacturing sector and preventing price escalation.

The suspension, effective from August 4, 2025, was seen as a positive step to support businesses and maintain stability. AON also commended President Bola Tinubu Edun for the timely intervention, acknowledging the impact on the broader business community.

The decision was welcomed as a significant relief for manufacturers who were concerned about the levy's implications on their operations.