THE president of National Association of Chamber of Commerce Industry Mines and Agriculture (NACCIMA), Mr. Dele Oye, has asked for customs duties to be charged in Naira rather than foreign currency, emphasising the government’s commitment to conducting business in the national currency.
Oye, in a televised programme monitored by Nigerian Tribune, the NACCIMA Presdient criticized the current practice, calling for consistency and stability in FX rates to support businesses’ planning.
Additionally, he urged the CBN to sustain recent forex reforms, highlighting the need for targeted interventions in the market, particularly for businesses importing raw materials for production.
He stated, “Government must not be seen to be making money off trade. Customs is a trade facilitation unit and the Customs has no business charging the FX index rate. We should use the Form M rate which is a percentage of it and that is what you should use.
“If the government is saying it believes in Naira, it must charge in Naira for its services. We don’t have a dollar problem, we have a naira problem. The government should show by its own actions that it must conduct its business in Naira.
“Why are you saying people should do business in Naira, but you are calculating your Customs duties in FX? This kind of thing does not work anywhere in the world.
Read Also: Presidency endorses Abuja hospital for humanitarian services
WATCH TOP VIDEOS FROM NIGERIAN TRIBUNE TV
- Relationship Hangout: Public vs Private Proposals – Which Truly Wins in Love?
- “No” Is a Complete Sentence: Why You Should Stop Feeling Guilty
- Relationship Hangout: Friendship Talk 2025 – How to Be a Good Friend & Big Questions on Friendship
- Police Overpower Armed Robbers in Ibadan After Fierce Struggle
and then