The Federal Government of Nigeria recently approved the 2016 Fiscal Policy Measures which allow the implementation of the Supplementary Protection Measures and the ECOWAS Common External Tariff (CET) 2015-2019.
A key feature of this implementation plan is a reduction of import duty rates on specific items on the national list, aimed at promoting the development of sectors deemed critical to the economy.
Read our economic alert below for more and download the new import tariff schedule.
Download PwC_Nigeria Economic Alert_January 2017
Download NEW_IMPORT_TARIFF_Oct 2016
Also watch my recent interview on Channels TV discussing the subject:
Part1 https://www.youtube.com/watch?v=iT9BJFeabgs
Part2 https://www.youtube.com/watch?v=JohM2NXvpcg
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
