By Seyi Babalola

Copyright thesun

Nigerian airline operators have praised President Bola Tinubu and Minister of Finance and Coordinating Minister of the Economy, Wale Edun, for the prompt suspension of the proposed 4% Free on Board fee on imports.

In a statement released by its President, Abdulmunaf Sarina, and made accessible to Daily Sun on Tuesday, the suspension was described as a “clear demonstration of President Tinubu’s commitment to creating a business-friendly environment, protecting critical sectors of the economy, and promoting sustainable growth.”

It was earlier reported that the FOB fee has sparked outrage among manufacturers, importers, and customs agents, with claims that new levy would worsen inflation in the country.

Edun said in a statement on Monday that the fee, imposed by the Nigeria Customs Service, threatened trade facilitation, economic stability, and Nigeria’s business climate.

Edun noted that the suspension was in response to numerous concerns made by manufacturers, importers, and clearing agencies, who warned that the charge would worsen inflation, undermine trade competitiveness, and depress investment.

AON particularly lauded the Minister of Finance for what it called “exemplary leadership as a listening Minister,” noting that his responsiveness to stakeholder concerns reflects deep patriotism and a strong commitment to fairness, diligence, and national economic development.

The statement partly reads, “This bold and thoughtful intervention will go a long way in safeguarding the aviation sector, protecting jobs, reducing inflationary pressures, and ensuring that Nigeria remains competitive in the global business environment.”

The group underlined its willingness to work with the federal government to enhance the aviation industry while also promising support for the President’s broader economic plan.