Thursday, 9 February 2017

Nigeria will Increase Custom Duties for Tomato Imports and Waive Tariffs for Some Farming Equipments

Nigeria custom service (NCS) will increase custom duties for tomato imports and decrease duties for some cultivating equipment to regulate our local farming and interest in the agricultural segment, its exchange serve said on Wednesday.


"We will go up. We will declare what the new duties are however obviously there is another arrangement of taxes," Okechukwu Enelamah told correspondents, without giving points of interest.

Customs duty on some nursery gear as of now adding up to as much as 20 percent would be evacuated.
We will confine imports of completed tomato items that can be created locally," the priest said.

Nigeria has been attempting to support neighborhood nourishment creation keeping in mind the end goal to diminish an exorbitant import bill and end its dependence on oil sends out.

In any case, a falsely high swapping scale has gone away the supply of hard money, driving the transitory shutdown of two neighborhood tomato glue plants reliant on imports as of late.


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About the Blogger: Adedamola Adewoye is a Senior custom relationship officer with VHI Cargo. He has over 15 years experience interfacing with Nigeria custom and other Government agencies at the port.
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