Paraphrased Content:The Nigeria Customs Service (NCS) has revealed its intention to simplify the process of calculating import duties, aiming to improve clarity, transparency, and predictability for importers. This move is part of broader reforms initiated by the service to eliminate arbitrary charges and encourage compliance.
Speaking at a stakeholders’ engagement forum in Lagos, the Comptroller-General of Customs, Bashir Adewale Adeniyi, emphasized that the new system will offer clear guidelines on how duties are determined. He noted that the current system has caused confusion and frustration among importers, many of whom face inconsistencies in duty assessments.
Adeniyi explained that the reforms are in line with global best practices and are designed to boost investor confidence, reduce bottlenecks in cargo clearance, and enhance revenue collection. He added that the NCS will work closely with relevant government agencies and the private sector to implement the changes efficiently.
Stakeholders welcomed the announcement, describing it as a step in the right direction that could significantly ease the cost and process of doing business in Nigeria.
