Government Slams 50% Import Duty on tomato paste

The Federal Government has expanded the tax on importation of tomato focused to 50% also an additional levy of $1,500 per metric tonne from May 7.

The minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah

Under the new arrangement, the Federal Government introduced classified greenhouse farming tools as agricultural equipment to encourage 0% import duty. this will put an end to the importation of tomato paste, powder or focus on setting up for retail deal; ceased the importation of tomatoes safeguarded generally by vinegar or acidic corrosive and limited the importation of tomato focus to the seaports.

The minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, said yesterday that the new measures will come to past in 30 days after April 7 2017, when the ECOWAS secretariat as been told.
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 Responding to the news, the President of Manufacturers Association of Nigeria (MAN), Dr. Plain Jacobs said in as much as the affiliation concurs with the administration that regressive reconciliation is the practical approach, there are a few people who have contributed on using concentrates for their production.

Enelamah clarified that the arrangement looks to build neighborhood production of new tomato organic product required for new natural product utilization and handling; increment nearby production of tomato paste and decrease post-reap misfortunes.

An average of 150,000 metric huge amounts of tomato concentrate was imported per annum esteemed at $170million for the most part because of insufficiency in ability to deliver tomato paste. Current interest for crisp tomato organic products is assessed at 2.45million metric tonns for every annum (MTPA) while the nation delivers just around 1.8million MTPA.

On his part, the Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf, praised the move saying the arrangement would advance and energize local tomato producers and the formation of more occupations in the tomato business.

He, however, urged government to create a balance between the welfare of the people and the economic philosophy of economic nationalism in its policy, as there is a need to address major production bottlenecks like high cost of transportation, high energy cost, challenges of storage and processing of agricultural products, productivity issues, agricultural mechanization issues and many more that account for high food prices.

The Chairman of Conserveria Africana Limited (CAL), makers of "GINO" and "POMO" marked tomato glues in Nigeria, Alhaji Francis Ogboro asserted other partners' position that however the strategy will hurt administrators yet the organization won't yield in its retrogressive reconciliation agenda.The Chief Executive Officer, Erisco Foods Limited, Chief Eric Umeofia, said the arrangement is not new but rather it is a decent one.

"The essential thing is to execute the arrangement. Government ought to see to the usage of the approach. On the off chance that we bolster our ventures, we will develop the economy and maintain a strategic distance from individuals submitting suicides."


SOURCE: THE GUARDIAN 

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