Slash On Import Duties For Vehicles To Start Next Week

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The Federal Government has said that the implementation of the reduction in import duties on vehicles and tractors may start next week.

The reduction was made from 35% to 10%.

This is part of the provision of the newly signed Finance Act 2020 which was introduced by the federal government as part of the measures to ease the cost of transportation across the country and reduce the impact of the coronavirus pandemic.

This disclosure was made by the Controller-General of Nigeria Customs Service, Hameed Ali, during an interaction with journalists on Tuesday, January 26, 2021, in Abuja.

The customs boss said that the management of the service was expecting an official communication from the finance ministry on the matter any moment from now.

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