Nigerians will start paying less to import vehicles into the country as the Nigeria Customs Service (NCS), has reviewed duties payable on foreign vehicles downwards.
Details for the new regime, are still scanty, but Controller General of Customs, Hameed Ali, said on Tuesday, that the slash would begin as early as next week and that they are waiting for the finance ministry to convey the act.
The change in policy is coming amid heavy criticisms by local manufactures who believe it would kill local production, but the Customs boss, who acknowledged the concerns, said regardless that the move which the NSC initiated was contained in the 2020 Finance Act to ease the cost of transportation in the country.
Hameed said: “We are the proponents of the new tariff. I’ve been torn apart by many people criticising it, saying I used my connection to get it done. But it is in the overall interest of Nigeria.
“Now, it has become a law. We are now waiting for the finance minister to give us a formal conveyance of that Act. Once we receive it, we commence implementation immediately and inform our commands.
“We are hoping that latest by next week, it will become operational.”
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