ANNOUNCEMENT 04 Oct 2009

In October 2009, the government of Nigeria announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



Nduwugwe, J. 2009 "Nigeria: FG raises tariffs on imported tyres to 40 percent." Allafrica.com. 4 October. http://allafrica.com/stories/200910050811.html
Also, see article at, http://www.leadershipnigeria.com/index.php/news/business/6851-fg-raises-tariff-on-imported-tyres-to-40


Inception date: 04 Oct 2009 | Removal date: open ended
Still in force

Import tariff

Tariffs on imported tyres have been increased from 10 percent to 40 percent by the Federal Government. In 2007, the tariff had been reduced to 10 percent and, according to local manufacturers, this contributed to a decline of the sector, the unemployment of 30,000 Nigerians, and foreign exchange losses of $650million. News reports suggest that the plight of the sole remaining tyre manufacturer in Nigeria (Dunlop) contributed to the government's decision.

AFFECTED SECTORS