Business
MAN Accuses NCS, NPA Not Giving Priority to Trade Facilitation

The Manufacturers Association of Nigeria (MAN) said this morning that some of the government’s agencies are not “walking the talk” on ease of doing business, citing the recent introduction and implementation of the 4% Free-on-Board Levy by the Nigeria Customs Service ( NCS) and the NPA 15 percent ports tariff.
Segun Ajayi-Kadir, the Director-General of MAN, stated that the Association views those development as an unfortunate addition to the 1% Comprehensive Import Supervision Scheme (CISS) fee being paid by its members at a time that all Government agencies should be seeking ways to deescalate cost of doing business in Nigeria, as it is being done in other economies.
Ajayi-Kadir noted: ” It is equally worrisome that this is coming at a time when there is a planned 15% hike in port charges and industries are struggling with the astronomical increase in the effective import duty calculations rate.
” We had expected that the NCS would give priority to trade facilitation in view of the prevailing economic downturn, rather than exacerbating the spiraling cost of production.”
The statement reads: “This is in view of its potential wider implications on the economy in the form of low productivity, increased unemployment rate and consequent higher propensity to criminal activities and insecurity, not to mention the negative impact on the disposable income of the overall economic wellbeing of the over 220 million Nigerians.
We had expected that, in line with the prevailing economic reform agenda of government that seeks to streamline fiscal policies and engender a progressive and business friendly tax regime, we should be witnessing a winding down of regulatory and official fees by government agencies and institutions.
All government institutions should recommit to the reduction of the cost of doing business, expanding the scope of businesses and broadening the nation’s revenue base.
Our aversion to the introduction of the levy is further predicated on the following reasons:
1. The already high rate of calculating the customs duty exchange rate and the new levy will further escalate the cost of imported raw materials, which had earlier jumped by over 118 percent from ₦2.07 trillion in the first nine months of 2023 to ₦4.53 trillion in the same period of 2024.
- 2. The levy will cause heavy disruption in supply chain, trigger raw materials stock-out in many manufacturing concerns, inflict higher cost of demurrage, further increase the huge volume of unsold inventories and worsen the competitiveness of Nigerian manufacturers.
- 3.The levy is coming at a time when the headline inflation has hit a historic record of 34.8 percent in nearly three decades and majority of Nigerians are struggling. Therefore, the impact on the cost of locally produced items will be instant and far reaching.
4.The introduction of the levy contradicts the principles of the ongoing Fiscal Policy and Tax Reforms and the spirit behind the tax bills currently being considered by the National Assembly.
These efforts are targeted at eliminating multiplicity of taxes and reduction of tax burden for households, manufacturers and other private businesses.
- As an addition to the existing 1% CISS fee, extant duties and other cargo clearance charges, the new Customs Operations levy will increase import transaction costs, compound the already high cost of doing business significantly.
- The introduction of the levy is an additional incentive to smuggling, trade diversion, under declaration of duty and other trade infractions that has bedeviled our country, stretched the capacity of our Customs Service and undermined the revenue profile of the country.
- It will jeopardize the plan of the Federal Government to boost forex earnings through non-oil export, as many manufacturing exporters rely on imports for vital inputs and machines that are not available locally.
- The levy will jeopardize our aspiration to be an investment destination of choice and an industrial hub in the West African sub-region.
The need to increase government revenue is not lost on manufacturers. We have consistently advocated for the expansion of the tax base and not introduction of new taxes or increase in existing ones. It is not helpful to kill the goose that lays the golden egg.
Appreciable improvement in trade facilitation infrastructure and processes would encourage significant increase in volume of transactions and give rise to the much needed revenue for Government.
This is the way to go. It is in view of the foregoing that we implore the Federal Government to urgently direct the Nigeria Customs Service to halt the implementation of the 4% Free-on-Board Levy.
We equally urge Mr. President to direct the Service to engage with relevant stakeholders and the Presidential Committee on Fiscal Policy and Tax Reform in order to align with the ongoing landmark and wholesale reform agenda of Government.
Business
FIRS Orders Banks to Close All Unauthorised Tax Collection Accounts

The Federal Inland Revenue Service (FIRS) has directed banks to immediately identify and close any FIRS tax and levy collection accounts not authorized under the TaxPro Max system.
The FIRS Chairman, Zacch Adedeji, in the entitled Directive to Close Unauthorised FIRS Tax Collection Accounts,’ said “effectively immediately, all tax and levy collections on behalf of FIRS must be processed exclusively under an assessment raised on the TaxPro Max platform.
The TaxPro Max is a homegrown tax administration platform that facilitates tax-related activities, including registration, filing, payment, and issuance of tax clearance certificates, among others .
The decision was part of the ongoing efforts to boost efficiency and transparency in tax collection as well as ensure uniformity and seamless reconciliation of tax payments.
It said : ” All banks participating in the FIRS Collection, Remittance and Reconciliation Scheme are hereby advised to comply with this directive within the stipulated period.
“We count on your cooperation to ensure a smooth transition to this centralised system, thereby contributing to a more transparent and efficient tax collection process.”
FIRS urged taxpayers and other stakeholders to reach out to the Revenue Accounting and Refund Department (RAAD) in FIRS for any clarifications or support regarding the directive.”
Business
FG Plans Additional 175 CNG Refilling Stations
Oluwagbemi expressed satisfaction that the nation has moved from 11 CNG stations last year to 65 in 2025..

The Federal Government, through the Presidential Compressed Natural Gas Initiative, has said about 175 new Compressed Natural Gas refilling stations will be ready in the next 12 to 18 months.The PCNGI Programme Coordinator, Michael Oluwagbemi, disclosed this in a video shared on the PCNGI’s X handle on Sunday.
He said that the 175 stations will reduce the stress faced by Nigerians in accessing CNG.
Oluwagbemi expressed satisfaction that the nation has moved from 11 CNG stations last year to 65 in 2025.
There’s no doubt in my mind that we are in a much better place than we were when we kicked off this programme this time last year. When we started in January of last year, there were fewer than 11 functional CNG stations in Nigeria.
Most of them lacked customers because people did not know about CNG as a potential fuel for transportation. Today, we’re in a much different place,” he said.
Business
Dangote Cement Posts N311.974bn in Q1 2025
The company’s production capacity remained at 52 million metric tons, though production volume declined by 7.41 per cent to 6.547 million tons,

Dangote Cement Plc has released its unaudited financial results, reporting a profit before tax of N311.974 billion for the first quarter (Q1) ended March 31, 2025.
The figure represents an 87.48 per cent growth compared to N166.404 billion recorded in Q1 2024.
The company also posted a profit after tax of N209.245 billion, up 85.71 per cent, from N112.674 billion reported in the same period last year.
The performance also saw a revenue of N994.659 billion, marking a 21.69 per cent increase from the prior year.
The company’s production capacity remained at 52 million metric tons, though production volume declined by 7.41 per cent to 6.547 million tons, while sales volume fell by 6.72per cent to 6.569 million tons.
Revenue from the Nigerian segment rose significantly to N696.042 billion, increasing its contribution to group revenue from 55.41per cent in Q1 2024 to 69.98 per cent in Q1 2025.
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