NECA Commends Federal Government for Suspending 4% FOB Charge

The Nigeria Employers Consultative Association (NECA) has praised the Federal Government for suspending the 4% Free on Board (FOB) Customs charge. NECA's Director General, Oyerinde, commended the government's commitment to economic growth and development, emphasizing the importance of promoting enterprise sustainability and competitiveness.

The withdrawal of the proposed 5% telecom tax aligns with the administration's goal of enabling job creation and supporting the private sector. NECA urges the immediate implementation of the directive by the Nigeria Customs on FOB charges, highlighting the need for government agencies to eliminate burdensome levies that hinder business operations and economic progress.