The Manufacturers Association of Nigeria (MAN) and the Airline Operators of Nigeria (AON) have welcomed the federal government’s suspension of the reintroduced 4 per cent Free-on-Board (FOB) import levy, describing it as a timely move that shields the economy from deeper shocks.
The levy, which came into effect on August 4, 2025, sparked concern across industries, with manufacturers warning it would sharply increase the cost of raw materials, machinery, and spare parts, while airlines feared higher operating costs in a sector already battling multiple economic challenges.
Segun Ajayi-Kadir, Director General of MAN, said the suspension has given instant relief to manufacturers and prevented what he described as “a self-inflicted price escalation” that could have undermined recent economic stability. He noted that the charge would have raised production costs, weakened competitiveness, and strained an already pressured manufacturing sector. MAN urged the Nigeria Customs Service to immediately implement the suspension across its commands, while calling for an independent assessment of existing charges to ensure they do not worsen inflation, raise living costs, or hinder industrial growth.
Similarly, AON praised President Bola Tinubu and Finance Minister Wale Edun for responding swiftly to industry concerns. In its statement, the association described Edun as a “listening Minister” whose decision reflects fairness and patriotism. The group warned that enforcing the levy would have destabilised the aviation sector, but said the suspension safeguards jobs, reduces inflationary pressures, and helps Nigeria stay competitive globally.
Both MAN and AON pledged to work with the government to strengthen industrial and aviation growth, calling for inclusive consultations with stakeholders to design policies that promote industrialisation, reduce business costs, and foster sustainable national development.
