The Federal Government of Nigeria, in a bid to promote development in critical sectors of the economy, has approved a reduction in the import duties of 115 items in various sectors of the economy.
Items Whose Import Duties Reduced from 10% to 5%
Milk and Cream
Tea
Fats of sheep or goat
Malt extract
Tomatoes prepared or preserved by vinegar; under natured ethyl alcohol for medical
Pharmaceutical or scientific purpose
Petroleum oils and oils obtained from bitumen minerals other than crude .
Hypochlorites
Synthetic organic colouring matter
Grease for treatment of textile materials
Prepared glues and adhesives
Activated carbon
Picking preparations for metal surfaces
Organic composite solvents and thinners; mixes alkylbenzenes
Industrial monocarboxylic fatty acids.
Tea
Fats of sheep or goat
Malt extract
Tomatoes prepared or preserved by vinegar; under natured ethyl alcohol for medical
Pharmaceutical or scientific purpose
Petroleum oils and oils obtained from bitumen minerals other than crude .
Hypochlorites
Synthetic organic colouring matter
Grease for treatment of textile materials
Prepared glues and adhesives
Activated carbon
Picking preparations for metal surfaces
Organic composite solvents and thinners; mixes alkylbenzenes
Industrial monocarboxylic fatty acids.
Tubes , pipes , hoses , sheets , foil , tape , polyethylene , paper and paper board , yarn , synthetic staple fibres , semi -finished products of iron or non – alloy steel , stranded wire ropes , and completely knocked down or unassembled for the assembly industry
Items Whose Import Duties Were Reduced from 20% to 10%
Automatic circuit breakers, switches , lamp – holders , electrical apparatus for switching or protecting electrical circuits.
Items Whose Import Duties Were Reduced 5% to 0%
Machineries and equipment used in sectors such as agriculture, cement, hospitality , power , iron and steel , solid minerals , textile and aviation
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