Federal Government increases Import tariff

NPA
There was confusion at the Lagos ports on Wednesday as importers and clearing agents had difficulties clearing their goods following the implementation of the Economic Community of West African States’ Common External Tariff.

All the 16 members of the ECOWAS, including Nigeria, had agreed to introduce a uniform import tariff, pegged at 35 per cent maximum, from January this year, to facilitate trade within the region.

YOU MAY ALSO LIKE:   Tragic: Commercial bus knocks down and kills lady selling bread In Lagos (Graphic Video + Photo)

Although the Nigeria Customs Service said the policy had taken effect on April 11, it was not enforced until Monday.

But the importers, who claimed not to be aware of this development, said many of them were asked to pay double what they use to pay as tariff on imported materials.

They also said the tension generated by the rate adjustment was heightened on Monday and Tuesday when they could not assess the Customs online portal.

YOU MAY ALSO LIKE:   I don't know how many people have died due to my drugs – Fake Doctor

source: punch ng

READ ALSO: Rumour has it that Former Minister of Petroleum, ALISON MADUEKE, underwent surgery for Breast Cancer

Zambia closes schools over fear of Typhoid outbreak
Banks to release names of serial debtors on August 1
loading...
Tags:, , , , , , ,    

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.