ANNOUNCEMENT 31 Jan 2012

In the context of fiscal policy measures the Nigerian government adopted the following trade relevant measures:

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Central Bank of Nigeria, Trade and Exchange Department, 20 February 2012, "Fiscal Policy Measures 2012", document reference ted/fem/fpc/gen/01/005:
http://www.cbn.gov.ng/OUT/2012/CIRCULARS/GOV/TED-FEM-FPC-GEN-01-005.PDF


Inception date: 31 Jan 2012 | Removal date: open ended
Still in force

Import tariff

As of 31 January 2012 the import of machinery and equipment for the agricultral sector, as well as for the development of the electrical power supply, is free from duties

AFFECTED SECTORS

 
Inception date: 31 Jan 2012 | Removal date: open ended
Still in force

Import tariff

As of 1 July 2012 the following tariff rates and extra duties apply for the import of selected agricultural products : Wheat Flour (1101) Tariff Rate: 35% Extra Duty 65% Grain of Wheat (4104) Tariff Rate: 5% Extra Duty 15% Husked Rice (brownrice) (1006) Tariff Rate: 5% Extra Duty 25% Polished Rice (1006) Tariff Rate: 10% Extra Duty 40%