FG ends Customs’ 7% FAAC deduction policy

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/

The Federal Government, through the Federation Account Allocation Committee, has discontinued the long-standing seven per cent cost-of-collection deduction previously retained by the Nigerian Customs… [+6635 chars]
FG ends Customs’ 7% FAAC deduction policy - FHMnews