BEFORE ELECTION

APC will slash tariffs on imported cars -Osinbajo

FEBRUARY 11, 2015 : OLUWOLE JOSIAH

Vice Presidential candidate of the All Progressives Congress, Prof. Yemi Osinbajo, has assured that the General Muhammadu Buhari government will slash tariffs on imported vehicles.

He said, “We do not agree that there should be high tariffs on imported cars whether new or old ones because Nigeria is not producing cars for now.

“What we will do first is to fix power and encourage local production of cars. But before then we will reduce the high tariffs that Nigerians are paying to import vehicles into the country.”

Prof. Osinbajo argued that Nigerians should not find it difficult to purchase cars for their socio-economic activities, and the APC government would ensure lower tariffs when voted into power.

He lamented the unemployment situation in the country, saying that as an emergency measure, the APC government would cooperate with states in creating 20,000 jobs annually in the country.

He said corruption would be stopped so that resources would be available for development projects.

He said under APC government, it would be criminal not to pay pensions, saying the law that would be put in place would compel employers to ensure pensioners got their entitlements as soon as they retire.

Osinbajo added that the job creation strategy would involve making loans available to small businesses with little or no interest.

www.punchng.com/news/apc-will-slash-tariffs-on-imported-cars-osinbajo/

13 DAYS AFTER SWEARING IN

Confusion at ports as FG increases import tariff

JUNE 12, 2015 : AKINPELU DADA AND RASHEED BISIRIYU
There was confusion at the Lagos ports on Wednesday as importers and clearing agents had difficulties clearing their goods following the implementation of the Economic Community of West African States’ Common External Tariff.


Importers claimed not to be aware of this development, said many of them were asked to pay double what they use to pay as tariff on imported materials.

They also said the tension generated by the rate adjustment was heightened on Monday and Tuesday when they could not assess the Customs online portal.



Details of the new tariff show that a zero per cent duty is payable on goods imported under social and necessary items category; five per cent on raw materials; 10 per cent on intermediate goods; and 20 per cent on finished goods not produced locally.

Osunkwo also said in a telephone interview with one of our correspondents that while 35 per cent rate would be paid on imported used vehicles, 70 per cent had been imposed on new vehicles to encourage auto industries to assemble vehicles locally.

According to a statement by the Public Relations Officer, NCS, Mr. Wale Adeniyi, the new tariff comprises an Import Adjustment Tax list, which involves additional taxes on 177 tariff lines of the ECOWAS CET; and a national list consisting of items whose import duty rates have been reviewed to encourage more development in strategic sectors of the economy.

It stated that the Comptroller-General of Customs, Abdullahi Dikko, had directed the immediate enforcement of the tariff provisions by all Customs area commands and urged all stakeholders to comply.

He also allayed fears about fresh port congestion resulting from the ECOWAS CET implementation, noting that there were usually initial teething problems at the start of any policy.

http://www.punchng.com/news/confusion-at-ports-as-fg-increases-import-tariff/

Some peoples prayer is just to see this govt fail. Forgetting that when dis happens, we'd all be in for it together. The damage that PDP n GEJ and his cronies hav caused Nigeria would swallow thousands of promises coming to fruition.
For me, whatever this govt does now is for the benefit of Nigeria, but on the job creation, I want to agree that they aren't doing much cos I think it shld be treated with the same urgency PMB is giving insurgency.

is this change real?

Now can we hold APC by her words. What we desire is change...positive change...not to put the masses in agony.

Time to protest is loading!

Dannyset:
[s]Some peoples prayer is just to see this govt fail. Forgetting that when dis happens, we'd all be in for it together. The damage that PDP n GEJ and his cronies hav caused Nigeria would swallow thousands of promises coming to fruition.
For me, whatever this govt does now is for the benefit of Nigeria, but on the job creation, I want to agree that they aren't doing much cos I think it shld be treated with the same urgency PMB is giving insurgency.[/s]

Sharap!

@Dannyset: I wonder the manner of people we have here, when facts are laid before you, you jettison it and reply with sentiments.
A Government that can't keep their promise barely 13 days in power doesn't good will of the citizens.