Nigeria Suspends Key Import Levy

Nigeria suspends key import levy

Nigeria suspended a customs levy on all imported goods, citing the tariff’s potentially adverse impact on the government’s push to grow trade and tame inflation. The 4% charge was initially passed two years ago. But interest groups — including clearing agents, importers, and Nigeria’s largest manufacturers’ trade association — criticized it for hindering trade competitiveness and hampering industry.Announcing the tax’s suspension, Finance Minist…

Airline Operators Applaud suspension of 4% Import Levy - Economi Confidential

Airline Operators Applaud suspension of 4% Import Levy The Airline Operators of Nigeria have commended President Bola Tinubu and the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, for the timely suspension of the proposed four per cent Free on Board levy on imports. A statement signed by the President of AON, […] The post Airline Operators Applaud suspension of 4% Import Levy appeared first on Economi Confidential.