Nigeria Customs Announces Lower Tariffs on Imported Vehicles
The Nigeria Customs Service has announced a reduction in import tariffs for vehicles, setting the rate at 5% for used vehicles and 10% for new ones. This move aims to lower the cost of vehicle imports and is part of a broader strategy to achieve an ₦11 trillion revenue goal.
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Customs announces lower tariffs on imported vehicles, sets ₦11tn revenue goal
The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, has told lawmakers that the import duty on used vehicles has been reduced from 15 per cent to five per cent. In comparison, the rate for new vehicles has been cut from 20 per cent to 10 per cent. The post Customs announces lower tariffs on imported vehicles, sets ₦11tn revenue goal appeared first on Premium Times Nigeria.
By Sharon Eboesomi
Read full article →FG has cut import tariffs to 5% for used vehicles, 10% for new — Adeniyi
Comptroller-General of the Nigeria Customs Service, NCS, Adewale Adeniyi, said yesterday the federal government has reduced the import tariffs on used vehicles from 15 per cent to five and on brand-new vehicles from 20 per cent to 10. The post FG has cut import tariffs to 5% for used vehicles, 10% for new — Adeniyi appeared first on Vanguard News.
By olufemiajasa
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