FG ANNOUNCES NEW TARIFFS ON IMPORTED GOODS

In the effort to generate more revenue,
FG ANNOUNCES NEW TARIFFS ON IMPORTED GOODS
SUVs, boats and Sports Cars, will now attract 70% duty (previously 20%); Rice, Alcohol and Tobacco now 60% (from 10 and 20%).
Sugar  and salt 70% (from 10%); packaged cement 50% (from 10%); Cotton/ fabrics materials 45% (from 35%).
Essential industrial service components including bolts, industrial oil and other equipment down to 5%
Some drugs and other foods are also being slammed with higher tariffs including Anti-malarial drugs and antibiotics; palm oil; wheat flour; tomatoes paste cassava products etc..More details later.


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