Importers, Brokers Protest As Customs Hikes Clearing Fees Again (Photos, Video)

<blockquote>Importers and freight brokers across Nigeria are voicing strong opposition to the Nigeria Customs Services latest increase in clearing fees, warning that the move will further strain the economy and push up the cost of goods.<br><br>The new tariff adjustment replaces previous charges with a 4% Free-On-Board (FOB) levy, significantly raising the cost of clearing imported goodsespecially vehicles and other high-value items. Many in the industry say the decision was implemented abruptly, without sufficient notice for businesses to adjust.<br><br>Stakeholders fear the higher fees will stifle trade, worsen inflation, and make essential goods even less affordable for Nigerians already battling rising prices. Importers warn that some goods may remain stuck at ports, while others could be diverted to neighboring countries with lower duties, increasing the risk of smuggling.<br><br>Industry groups argue that the timing of the hike is particularly damaging, as many businesses are still recovering from recent economic shocks. They are calling on the Customs Service to suspend the new charges and engage in proper consultation with the trading community to find a more balanced solution.<br><br>While Customs has made minor concessions, including allowing some declarations to be resubmitted under previous rates, importers insist that a full review is necessary to protect both businesses and consumers.<br><br>The standoff between traders and Customs highlights the growing tension between government revenue generation and the need to support economic growth. As the protests gain momentum, all eyes are on whether authorities will ease the policy or double down on its enforcement.<br></blockquote>1<br><br> <iframe class=youtube src="https://www.youtube.com/embed/smJeb2mP_2w" frameborder="0" allowfullscreen></iframe><br><a rel=ugc href="https://www.youtube.com/watch'v=smJeb2mP_2w'si=zuxOxRsyMHagiT5-">https://www.youtube.com/watch'v=smJeb2mP_2w'si=zuxOxRsyMHagiT5-</a>
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