The House of Representatives Committee on Customs has directed the Nigeria Customs Service (NCS) to stop the collection of the 7 per cent Cost of Collection (CoC) from July 1, 2025, in line with the provisions of its 2023 Act.

The committee instructed the agency to instead commence the collection of 4 per cent Free on Board (FoB) charges on imports.

The resolution came during the 2025 budget defence session held at the National Assembly.

The Deputy Comptroller-General of Customs, Bello Jibo, represented Comptroller-General Bashir Adeniyi, who is currently attending the World Customs Organisation (WCO) meeting in Brussels, Belgium, where Nigeria is seeking to reclaim the WCO chairmanship seat it last held in 1987.

During the session, the committee expressed displeasure at the agency’s 2024 budget performance.

It highlighted that personnel costs accounted for 43.5 per cent and overhead expenses stood at 46.34 per cent, while noting that Customs had not received 60 per cent of the 1 per cent Comprehensive Import Supervision Scheme (CISS) revenue allocation for overhead funding.

Presenting the budget, Jibo revealed that the Service generated ₦6.105 trillion in 2024, surpassing its ₦5.079 trillion target, representing a positive variance of ₦2.899 billion or 90.40 per cent.

The committee chairman, Hon. Leke Abejide, restated the importance of aligning Customs’ revenue collection processes with statutory provisions.