Business
LCCI Urges Suspension of 4% Customs Processing Charge
- The LCCI is urging the Federal Government to suspend the charge in order to facilitate wider consultation, as key stakeholders were not informed prior to its enforcement.
- In a statement released on Wednesday and signed by its Director-General, Dr. Chinyere Almona, the LCCI expressed apprehension about the economic implications of the CPC on businesses across the country.
The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns regarding the sudden implementation of the new 4% Customs Processing Charge (CPC), which came into effect on Tuesday.
Eko Hot Blog reports that LCCI is urging the Federal Government to suspend the charge in order to facilitate wider consultation, as key stakeholders were not informed prior to its enforcement.
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In a statement released on Wednesday and signed by its Director-General, Dr. Chinyere Almona, the LCCI expressed apprehension about the economic implications of the CPC on businesses across the country.
The LCCI said: “We call on the Federal Government and the Nigeria Customs Service (NCS) to suspend the enforcement of this charge and engage in a structured sensitization process to ensure stakeholders are adequately informed and prepared before its implementation.
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“While we recognise that the four per cent charge is backed by the provisions of the Nigeria Customs Service Act 2023, specifically under Section 18, we are deeply troubled by the manner of its sudden implementation without consultations with relevant stakeholders.”
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