- Wale Edun-Led Customs Board
- Cracks Down on Officer Misconduct
- NCSB Approves New Trade Policy
The Nigeria Customs Service Board (NCSB) has introduced a new $300 duty-free threshold for low-value imports.
According to Eko Hot Blog, the Board, chaired by Finance Minister Wale Edun, approved a major policy change at its 63rd regular meeting, which takes effect on September 8 and will simplify clearance processes to support Nigeria’s growing e-commerce sector.
EDITOR’S PICK
- Opeyemi Aiyeola: Ibrahim Chatta Lost Godson, Not Son
- NUPENG Tanker Drivers Set for Nationwide Strike Over CNG Trucks
- SERAP Sues RMAFC Over Politicians’ Pay Rise
The new policy exempts shipments worth $300 or less from customs duties and taxes. This applies to both express shipments and merchandise carried in passenger baggage, with a limit of four importations per year.
The Customs Service stated that the initiative aligns with global trade standards and will boost cross-border trade, empower small businesses, and reduce costs for consumers. To ensure compliance, Customs also launched a new helpdesk platform to guide stakeholders and resolve complaints.
In addition to the new trade policy, the Board addressed several disciplinary cases, demoting two officers and reinstating two others. The NCSB issued a strong warning to all officers against misconduct and unethical behavior, including the abuse of banned substances.
They stressed that such actions undermine public trust and would not be tolerated. The Service reaffirmed its commitment to integrity and accountability, stating that these reforms are crucial for improving Nigeria’s trade environment.
FURTHER READING
- Tinubu Did Not Introduce 5% Fuel Tax – Presidency
- The Abike Dabiri I know, by Fredrick Nwabufo
- NAF Airstrikes Kill Over 30 Terrorists in Borno
CLICK HERE TO WATCH VIDEO OF THE WEEK
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
