Full list of raw materials, spares exempted from Customs 4% FOB Levy

Following a high-level strategic consultation between the Nigeria Customs Service (NCS) and the Manufacturers Association of Nigeria (MAN), and with the approval of the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the Comptroller General of Customs, Adewale Adeniyi said the following items and categories have been granted exemptions from the 4% Freight on Board (FOB) levy:

1.Raw materials, machinery, and spare parts imported by manufacturers who are beneficiaries of concessions contained in Chapters 98 and 99 of the ECOWAS Common External Tariff (CET).
Manufacturers currently not on Chapters 98 and 99 are to be onboarded rapidly to enjoy the same exemptions.

2. Government projects with Import Duty Exemption Certificates (IDEC).

3. Goods imported for Humanitarian, Life Saving, and other related purposes.

4. Beneficiaries of the Presidential Initiative for Unlocking the Healthcare Value Chain.

5. Commercial airlines’ spare parts.

Speaking during the engagement with MAN in Lagos on Friday, Adeniyi, clarified that any 4% FOB payments already made by manufacturers who are yet to be onboarded to Chapters 98 and 99 will be held as credit and utilized for future customs-related transactions after their inclusion.

He added that the NCS, MAN, and the Federal Ministry of Finance will hold an immediate tripartite consultation to work out the modalities for the expedited inclusion of manufacturers currently not on Chapters 98 and 99.

Adeniyi reaffirmed the NCS’s commitment to balancing its crucial revenue mandate with business-friendly reforms, noting that the manufacturing sector is “central to Nigeria’s industrialisation and job creation.”