ANNOUNCEMENT 01 Jan 2013In January 2013, the government of Nigeria announced a change in import duties.
NUMBER OF INTERVENTIONS
With respect to the Fiscal policy measures 2012(related measure), the 2013 measures continue to focus on import substitution. Also, incentives for captial goods imports (through zero duties), to boost the local industries, continue.
The following import duty changes can be reported:
Suspension of import duties:
- Completely knock down components (CKD) for Mass Transit Buses (8702)
- Amorphous pet chips (3907)
New import duties:
- Polymers of polyethylene and polypropylene (3901,3892): 5 per cent
The new measures entered into force on 1 January 2013.