ANNOUNCED AS TEMPORARYNo
To encourage local production of cement, the Nigerian government has approved a series of measures. In addition to the reinstatement of the policy of banning the importation of bagged cement and restrictions on the issuance of cement import licenses, the following measures were introduced:
The import bans on bagged and bulk cement, in force since November 2009, have been complemented by an import licence quota for bulk cement, set in August 2010 at the level of 2.5 million metric tonnes. Furthermore, an import tariff was increased to 20% for all categories of cement goods. An additional levy of 15% will also apply on the CIF price of bulk cement, thus replacing the specific duty of N500 per tonne.
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