Slash on Imported Vehicles’ Duties Begins Next Week

The reduction in the duties on vehicles and tractors from 35 to about 10 per cent may take off next week.

Comptroller-General of Customs, Hameed Ali, said the management of the service was expecting an official communication from the finance ministry on the matter any moment from now.

He said, “We are the proponents of the new tariff. I’ve been torn apart by many people criticising it, saying I used my connection to get it done. But it is in the overall interest of Nigeria.
“Now, it has become a law. We are now waiting for the finance minister to give us a formal conveyance of that Act. Once we receive it, we commence implementation immediately and inform our commands.

“We are hoping that latest by next week, it will become operational.”