ANNOUNCEMENT 06 Feb 2013

On 6 February 2013, Nigeria announced a 10 per cent import duty and a 100 per cent levy on brown, semi-milled and wholly milled rice.

NUMBER OF INTERVENTIONS

2

  • 1 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Central Bank of Nigeria (in English), http://www.cenbank.org/Out/2013/TED/fiscal%20policy%20meas..pdf
KPMG TaxNewsFlash (in English), http://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/taxnewsflash/Pages/nigeria-tax-measures-in-2013-budget.aspx
U.S. Department of Agriculture (in English),
http://gain.fas.usda.gov/Recent%20GAIN%20Publications/Update%20of%20Nigeria's%20Rice%20Market%20as%20of%20October%202012_Lagos_Nigeria_10-15-2012.pdf


Inception date: 06 Feb 2013 | Removal date: open ended

Import tariff

This measure induces an increase in the levy from previously 30 per cent to 100 per cent on imported brown rice. It also leads to an increase in the levy from previously 50 per cent to 100 per cent on semi-milled and wholly milled rice. Furthermore, the measure causes an increase in the import duty from previously 5 per cent to 10 per cent on brown rice.

AFFECTED SECTORS

 
231

AFFECTED PRODUCTS

 
100620 100630
Inception date: 06 Feb 2013 | Removal date: open ended

Import tariff

However, Nigeria’s measure prompts a decrease in the import duty from previously 30 per cent to 10 per cent on semi-milled and wholly milled rice.
 
231
 
100630