ANNOUNCEMENT 21 Nov 2009
In November 2009, the government of Nigeria announced a change in import duties and a targeted tax change.NUMBER OF INTERVENTIONS
2
SOURCE
Nduwugwe, J. 2009. " Nigeria: FG Bans Importation of Bagged Cement." AllAfrica.com. October. http://allafrica.com/stories/200910210533.html
Fabi, R. 2009. "Nigeria President imposes levy on cement imports." Reuters Africa. October 20. http://af.reuters.com/article/nigeriaNews/idAFLK54813320091020
European Commission, DG Trade: Ninth Report on potentially trade restrictive measures, http://trade.ec.europa.eu/doclib/docs/2012/june/tradoc_149526.pdf
Tax or social insurance relief
To encourage local production of cement, the Nigerian government has approved a series of measures. In addition to the reinstatement of the policy of banning the importation of bagged cement and restrictions on the issuance of cement import licenses, the following measures were introduced:
Update 11/10/2012:
The import bans on bagged and bulk cement, in force since November 2009, have been complemented by an import licence quota for bulk cement, set in August 2010 at the level of 2.5 million metric tonnes. Furthermore, an import tariff was increased to 20% for all categories of cement goods. An additional levy of 15% will also apply on the CIF price of bulk cement, thus replacing the specific duty of N500 per tonne.
To encourage local production of cement, the Nigerian government has approved a series of measures. In addition to the reinstatement of the policy of banning the importation of bagged cement and restrictions on the issuance of cement import licenses, the following measures were introduced:
Update 11/10/2012:
The import bans on bagged and bulk cement, in force since November 2009, have been complemented by an import licence quota for bulk cement, set in August 2010 at the level of 2.5 million metric tonnes. Furthermore, an import tariff was increased to 20% for all categories of cement goods. An additional levy of 15% will also apply on the CIF price of bulk cement, thus replacing the specific duty of N500 per tonne.