Without any notice, without any prior hint, the official Customs exchange rate was increased yesterday. The rate which used to be N306 per dollar has now been increased to N326 per dollar. Consequently, this has led to an increase in the cost of clearing cars and other imported items at the Nigerian ports.

The new rate was announced on Monday morning and it was implemented immediately throwing lots of vehicle owners and clearing agents into a state of confusion.

One of the clearing agents Autojosh spoke to confirmed that he had been asked to pay a surface duty amount of N2,350,000 for a Mercedes Benz SUV. However, he got a shocker after he tried to input the details into the Customs server in order to proceed with the clearing process. "This N2,500,000 I'm seeing on this computer must be an error".. He said to himself.

Another agent said he had calculated the total clearing cost of his customer's 2005 Toyota Camry using the usual surface duty of N201,000. Now, he has to go back to his customer to explain that the surface duty has been increased to N214,000 (note that these quoted surface duties is different from total clearing costs. Surface duty does not include taxes, shipping/terminal charges and other ancillary costs).

According to the Public Relations Officer of the Association of Nigeria Licensed Customs Agents at Tin Can Island Port, Mr Emmanuel Onyeme, all transactions and cargoes that were cleared at the port on Monday were already paying N326 per dollar.

The introduction of this policy is really saddening and it's even more saddening that it was implemented with immediate effect after importers had shipped their items and clearing agents had already accepted jobs using calculations based on the old rate of N306 per dollar.

Do you have a car or other items that's currently heading to Nigeria? Be ready to pay more than you initially anticipated.

https://autojosh.com/customs-import-duty-increases/

Na wa o! Nigeria is just something else with people at the top with expired heads that's housing dead brains..
In saner climes, notices will be given to get everyone prepared on what's to come ...
E for no bad if they give 1 month notice to the general public ....

One of the reasons that exhibit Nigeria a developing country

Just another ploy by their bosess to become rich overnight.

Na where una dey work una go chop na, abi?

Thunder fire all 9ja Politicians!

I should be angry but then anything goes in Nigeria.

if an illiterate tribalist can be president, a convicted criminal can be speaker of HOR and a bokoharam apologist Senate president, then I can only say Nigeria's citizens are the most confused and the most docile on the planet

Ndiara

nawa o

You mean there's a looming trade war in Nigeria. Ok

Next level

Next level

Na war oo

This next level go sweet die

We are watching in 3D

Part 2 of buhari govt.

u go sheshontin

And Benin Republic pops Champaign at that.

More business for them.

Ubiudumo:
Next level

who no know go know

OK. Is the president aware? Does he read? Does he listen to radio? Lol.... We hope not to have Tarrif imposed on the free oxygen we breath..... Next level here we come..... There was a country.... Since four days now no light..

Doing business in Nigeria is a big risk
I imported some goods, some days back, the cost incurred will make you think twice


Everything is just so damn expensive, no government policy, Nothing at all.

NEXT LEVEL LOADING........

See The 12 Steps To Clear A Car Through Nigeria Customs HERE

Nigerians, brace up for the second coming of Buhari.

We should start patronizing our own local goods instead of importing everything

Chaiiiiiii
And I have cars coming ooi

Nigeria my country. So unpredictable

Una just dey start

tolulope39:
if they like increase it 1000 times normal rate, we go survive

This is why we are where we are today

the directive is from CBN,the naira is officially floating.dollar price will now be determined by demand and supply!

autojosh:


Without any notice, without any prior hint, the official Customs exchange rate was increased yesterday. The rate which used to be N306 per dollar has now been increased to N326 per dollar. Consequently, this has led to an increase in the cost of clearing cars and other imported items at the Nigerian ports.

The new rate was announced on Monday morning and it was implemented immediately throwing lots of vehicle owners and clearing agents into a state of confusion.

One of the clearing agents Autojosh spoke to confirmed that he had been asked to pay a surface duty amount of N2,350,000 for a Mercedes Benz SUV. However, he got a shocker after he tried to input the details into the Customs server in order to proceed with the clearing process. "This N2,500,000 I'm seeing on this computer must be an error".. He said to himself.

Another agent said he had calculated the total clearing cost of his customer's 2005 Toyota Camry using the usual surface duty of N201,000. Now, he has to go back to his customer to explain that the surface duty has been increased to N214,000 (note that these quoted surface duties is different from total clearing costs. Surface duty does not include taxes, shipping/terminal charges and other ancillary costs).

According to the Public Relations Officer of the Association of Nigeria Licensed Customs Agents at Tin Can Island Port, Mr Emmanuel Onyeme, all transactions and cargoes that were cleared at the port on Monday were already paying N326 per dollar.

The introduction of this policy is really saddening and it's even more saddening that it was implemented with immediate effect after importers had shipped their items and clearing agents had already accepted jobs using calculations based on the old rate of N306 per dollar.

Do you have a car or other items that's currently heading to Nigeria? Be ready to pay more than you initially anticipated.

https://autojosh.com/customs-import-duty-increases/

I was listening 2 this on radio today. I was shocked just like u when someone made d same complain that d govt put d change into immediate effect without informing stakeholders

This country sha.