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FAILURE TO ADVISE FG EARLIER ON 4% FOB IMPORT DUTY: Group Tackles CGC, Finance Minister.

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Chief Patrick Chukwu.

 

 

By Izuchukwu Ozoemena

 

As the CGC is being hailed for advising the government to suspend the controversial 4% Free-On-Board (FOB) cargo import duty collections, Save Nigeria Importers and Exporters Coalition, a prominent freight forwarders group, says the suspension is an after-thought. Therefore, the group has called on the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi and the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, to resign for failing to advise the Federal Government when it was appropriate to do so.

President of the freight forwarders group, Chief Patrick Osita Chukwu, made the call in Lagos, Wednesday, while condemning a trade regime whose implementation, according to him, is ‘heartless’ and ‘unfeeling,’ going by what the business community and ordinary Nigerians are currently passing through in the hands of government. He condemned a situation government and politicians do not mind using what is left of the blood of Nigerians in their quest to increase Customs revenue target designed to satisfy their personal whims and caprices. As a result of crushing rates and duties that human face, he regretted, major importers are being pushed out of business while others struggling to keep affloat have gone under completely.

As Chief Chukwu noted, what was agreed by stakeholders as per the 2023 Customs Act is a 4% increase in the aggregated derivation accruing to the Nigeria Customs Service from all levies and duties paid on goods and not a hike in the percentage on free- on- board (FOB) levy being misinterpreted as present in the Act. He described the action of those he said changed the original agreement as “wicked”.

Chief Chukwu who lamented the economic hardship Nigerians face now wondered

“Why will anybody want to put additional burden on Nigerians whose economic situation has become worse than ever before?”, he asked.

He was vehement in his call on the government to remove this 4% increase and revert to the original percentage being charged on cargoes through FOB.

“This must be removed completely, not just suspended as announced a couple of days ago. The Finance Minister must resign; the CGC must resign.” He informed that before the so-called suspension, over N500 billion had been collected. These must be returned to those who were forced to pay it.

It is recalled that in a February 11 release, the National Public Relations Officer of the Nigeria Customs Service, Assistant Controller of Customs, Abdullahi Maiwada said, among others:

“The Nigeria Customs Service (NCS) hereby announces the suspension of the implementation of 4% Free-on-Board (FOB) value on imports as provided in Section 18(1)(a) of the Nigeria Customs Service (NCSA) 2023. This is sequel to ongoing consultations with the Honourable Minister of Finance and Coordinating Minister
of the Economy, Mr Olawale Edun and other Stakeholders”.

The statement also detailed a few elements of the 2023 Customs Act which says “The Act further empowers the Service to modernise its operations through various technological innovations. Specifically, Section 28 of the NCS Act 2023 authorises developing and maintaining electronic systems for information exchange between the Service, other Government Agencies, and traders. The Service is already implementing several digital solutions, including the recently deployed B’Odogwu clearance system which stakeholders are benefiting from through faster clearance times and improved transparency. Other innovative solutions authorised by the Act include; Single Window Implementation (Section 33), Risk Management Systems (Section 32), Non-intrusive inspection equipment (Section 59) and Electronic data exchange facilities (Section 33(3))”. These are all geared towards making the NCS an efficient entity”.

Chief Chukwu who, however, described the current CGC as an acclaimed public relations guru, said that now the buck ends on his table, he should have been in a better position to feel the pulse of the people and to know the consequences of implementing such a hike in levy at this moment in time. He should have advised the government earlier against the implementation of the hike; he should have advised a reversal to the old rate.

Chukwu also asked the Minister for Finance, Olawale Edun, to resign for focusing only on internally generated revenue (IGR) and thinking less of the Human Development Index (HDI) thereby leaving most Nigerians pauperized, traumatized and only in existential living.

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Maritime Agencies

Nigeria Canvasses Regional Co-operation, Investment Drive at Liberia Fisheries Summit.

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‎L-R: Nigeria's Minister of Marine and Blue Economy and Chairman, Fisheries Committee for the West Central Gulf of Guinea, Dr. Adegboyega Oyetola, CON; Director General, National Fisheries and Aquaculture Authority Liberia, J. Cyrus Saygbe Sr. and Liberia's President, Joseph Nyuma Boakai at the National Fisheries Investment Conference. ‎






‎By Izuchukwu Ozoemena




‎H. E. Adegboyega Oyetola, Nigeria’s Minister of Marine and Blue Economy and Chairman, Fisheries Committee for the West Central Gulf of Guinea, is pushing for stronger regional co-operation and increased investment in the fisheries sector across West and Central Africa.

‎According to a release by Dr Bolaji Akinola, the Minister’s Special Adviser on Communications, the Minister made the call in Monrovia, Liberia, Monday, while speaking at the National Fisheries Investment Conference, March 30 to 31, 2026. The conference which was declared open by Liberia’s President, Joseph Nyuma Boakai,  was attended by Ministers responsible for fisheries and aquaculture from across the West African subregion.

‎Describing the gathering as timely, Oyetola said it provided an important platform to unlock opportunities in fisheries and the wider blue economy. “This Conference comes at a critical time for our region,” he said, noting that the sector remains central to food security, employment and economic growth.

‎According to him, millions of people across West and Central Africa depend on fisheries and aquaculture for their livelihoods, while fish remains one of the most affordable sources of protein. However, he warned that the sector continues to face serious challenges.

‎“Despite our rich marine and inland water resources, the sector continues to face significant challenges,” he said, citing declining fish stocks, weak infrastructure, and limited access to finance and modern technology.

‎Dr. Oyetola emphasised that addressing these challenges requires a clear focus on sustainability, investment and regional collaboration. He stressed that without proper management of marine and inland resources, long-term gains would be impossible.

‎“Our oceans, rivers, and coastal ecosystems must be carefully managed… without sustainability, long-term benefits cannot be achieved,” he stated.

‎He said the the Federal Government under President Bola Ahmed Tinubu is repositioning fisheries and aquaculture as key drivers of the blue economy. He explained that policies aimed at boosting local production, reducing imports and strengthening regulation are already delivering results, including continued access to international markets for shrimp exports.

‎He also highlighted broader reforms in Nigeria’s blue economy, including actions to tackle marine pollution, improve port infrastructure and enhance maritime security. According to him, the country’s recent record of zero piracy incidents has helped improve investor confidence in the Gulf of Guinea.

‎On investment, the minister called for greater funding across the entire fisheries value chain including aquaculture, processing, cold-chain logistics and export development. He noted that with the right policies in place, the sector could generate jobs, particularly for young people, and contribute significantly to economic growth.

‎He also underscored the importance of regional co-operation, pointing out that fish stocks cut across national boundaries.

‎“No single country can tackle illegal, unreported, and unregulated fishing alone,” he said, adding that stronger collaboration through regional bodies such as the FCWC is essential.

‎In his role as Chairman of the FCWC Ministerial Committee, Oyetola reaffirmed the organisation’s commitment to strengthening joint efforts in fisheries governance. He highlighted ongoing initiatives, including a regional record of fishing vessels, coordinated patrols and information-sharing systems aimed at improving enforcement and sustainability.

‎The minister further noted that the FCWC is working to harmonise fisheries policies among member states and promote trade within the region, with the goal of improving value chains and attracting investment.

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Maritime Agencies

‎PORTS MODERNIZATION, NATIONAL SINGLE WINDOW TO TACKLE PORTS CHALLENGES, Says NPA MD.

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‎By Izuchukwu Ozoemena





‎The Nigerian Ports Authority (NPA) has, once again, reiterated plans to revolutionize the nation’s ports system with the implementation of the National Single Window Project and Ports Modernisation system.

‎The Managing Director of NPA, Dr. Abubakar Dantsoho, disclosed this during an interactive session with maritime journalists in Lagos.

‎Represented by Mr Ikechukwu Onyemekara, the General Manager, Corporate and Strategic Communications of the Agency, the MD said the modernisation project will cover all seaports ports nationwide. However, the project is set to kick off in Lagos ports with a significant investment of $700 million from the Federal Government.
‎He allayed concerns being expressed in some  quarters that the eastern ports are excluded from the 746 million pounds ports modernization deal signed in the UK recently, assuring that the deal would involve ports nationwide on phases. He stated contrary to opinions being canvassed and fears being expressed on the fate of other ports, the case of Apapa and Tincan ports is understandable because ports business is international and the customer decides where his cargoes go. NPA is merely an umpire; the port users’ interests and preferences remain paramount.

‎The ports modernization process is expected to tackle pressing issues such as port congestion and delays in cargo clearance which have long plagued the sector.

‎According to Dantsoho,  the NPA is also working to improve logistics, including rail transportation from APMT terminal and alternative cargo transport options.

‎The NPA is reviewing the Efficiency, Throughput, and Optimization (ETO) initiative put in place to address logistics chain challenges in the country’s port system. The review, Dantsoho assured, would yield a more effective implementation plan with provisions to ensure the ETO works seamlessly.

‎”When we were doing the dredging, the ports in the East were also carried along,” he said.
‎Government investments are focused on areas with returns on investment which is why Lagos is the starting point.

‎The NPA MD expressed optimism that the agency’s vision for the ports industry would leave a lasting legacy for future generations.

‎He urged the media to play a proactive role in monitoring societal developments, emphasizing the importance of a free and vibrant press in driving progress and accountability.

‎”The media has been advised to be creative and step up its role as watchdog of the society,” he concluded.

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Maritime Agencies

Oyetola Welcomes EU Delegation, Urges Stronger Role Against Illegal Fishing, Maritime Crimes in the GoG.

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‎By Izuchukwu Ozoemena





‎A call has gone out for deeper collaboration with the European Union (EU) to address emerging maritime threats, particularly illegal fishing, trafficking and environmental crimes in the Gulf of Guinea.

‎Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, made the call in Abuja,Thursday, while receiving a delegation from the EU Evaluation Mission on the Gulf of Guinea Inter-regional Network (GoGIN II) Project. Evolving security challenges in the region, Oyetola emphasized, require a broader, more integrated and sustained response anchored on strong international partnerships.

‎According to a press release by Dr Bolaji Akinola, the Minister’s Special Adviser on Communications, the delegation led by Ms Stéphanie Vergniault, is in Nigeria as part of an independent assessment of the EU-funded initiative, which supports maritime coordination and information sharing across the Gulf of Guinea.

‎Dr. Oyetola reiterated Nigeria’s firm commitment to the Yaoundé Architecture for Maritime Security, describing it as a vital platform for regional cooperation, collective response and intelligence exchange. He noted that EU-backed interventions such as GoGIN II have played an important role in strengthening this framework, particularly by enhancing maritime domain awareness and facilitating closer collaboration among national and regional agencies.

‎The Minister acknowledged the impact of the YARIS information-sharing system in improving coordination among maritime stakeholders, while stressing the need to sustain and optimise its operational use. He also highlighted the importance of improving interoperability between regional centres and national institutions, alongside continued capacity building and technical support.

‎Pointing to Nigeria’s own efforts, the Minister cited the success of the Deep Blue Project, which has contributed to a significant reduction in piracy and armed robbery at sea in the Gulf of Guinea in recent years. The progress recorded, he said, demonstrates the effectiveness of combining national ownership with regional and international support.

‎As the GoGIN II programme nears completion, the Minister urged stakeholders to focus on consolidating its achievements and ensuring long-term sustainability through stronger regional ownership mechanisms. He stressed that maintaining the gains recorded would be critical to securing the maritime domain and supporting economic activities across the Gulf of Guinea.

‎Earlier, Ms Vergniault explained that the evaluation seeks to assess the programme’s performance, operational results and sustainability, while identifying lessons that could shape future maritime security initiatives. She noted that the mission, which also includes Captain Alioune Diop, is engaging key stakeholders in Nigeria to gather operational feedback on the use of the YARIS platform, the programme’s contribution to coordination under the Yaoundé Architecture, and the prevailing challenges in the maritime sector.

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