ANNOUNCEMENT 11 Apr 2017
The Ministry of Industry, Trade and Investment on 11 April 2017, announced a new policy for tomato production. The scope of this framework is to boost the value chain and investments related to tomato production as well as to increase the overall local production related to this agricultural product.
According to official government sources, the interventions embedded in this policy entered into effect on 07 May 2017.
NUMBER OF INTERVENTIONS
Nigerian Investment Promotion Commission (2017) Minister Okechukwu Enelamah Announces New Policy for Tomatoes. English. http://www.nipc.gov.ng/index.php/2015-12-09-14-42-12/downloads/3-fmiti-press-release-april-11-2017/file.html
The Ministry of Trade, Industry and Investment of Nigeria on 7 May 2017, as part of the newly introduced policy for tomato production, for the first time, classified greenhouse equipment as "Agricultural Equipment". Items designated as "Agricultural Equipment" can be imported duty free. This thus eliminated the import duties imposed on greenhouse equipment.
The Ministry of Trade, Industry and Investment of Nigeria on 7 May 2017, as part of the newly introduced policy for tomato production, for the first time, banned the import of:
In addition, the government for the first time introduced a restriction on the importation of tomato concentrate to the seaports address. The official government sources, however, do not provide any specifications (i.e. quotas, rates etc.) concerning these newly introduced restrictions.
The Ministry of Trade, Industry and Investment of Nigeria on 7 May 2017, as part of the newly introduced policy for tomato production, increased the tariff on imported tomato concentrate to 50% as well as introduced an additional levy of USD 1.500 per metric tonne of tomato concentrate. Previously, the tariff on imported tomato concentrate was 40 %. Additionally, the duty (i.e. levy) was 10 % of the value based on the Common External Tariff by the Nigeria Customs Service.