Nigerian Government Ends Customs' 7% FAAC Deduction Policy

The Nigerian government has terminated the Customs' 7% FAAC deduction policy, introducing a new 4% Free-on-Board funding model that is expected to impact federal revenue.

18 Mar, 02:33 — 18 Mar, 02:33

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punch-ngMostly Factual60d ago

FG ends Customs’ 7% FAAC deduction policy

The Nigerian government has ended the Customs’ 7% FAAC deduction. Learn about the new 4% Free-on-Board funding model and its impact on federal revenue. Read More: https://punchng.com/fg-ends-customs-7-faac-deduction-policy/

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Nigerian Government Ends Customs' 7% FAAC Deduction Policy

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FG ends Customs’ 7% FAAC deduction policy

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