The Manufacturers Association of Nigeria (MAN) and clearing agents operating at the nation’s ports have raised the alarm that despite the Federal...
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Maroc - AFRICA.COM - A La Une - 19/Sep 06:01
Nigeria Suspends Import Levy to Protect Trade
Nigeria’s Finance Minister, Wale Edun, has ordered the immediate suspension of the controversial 4% Free on Board (FOB) levy on imports, citing risks to trade facilitation, inflation, and economic competitiveness. The levy, introduced by the Nigeria Customs Service, had drawn strong pushback from manufacturers, importers, and customs agents, who warned it would raise costs and worsen inflationary […]
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