Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,207,043 members, 7,997,644 topics. Date: Friday, 08 November 2024 at 02:23 PM

Confusion At Ports As FG Increases Import Tariff - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Confusion At Ports As FG Increases Import Tariff (20483 Views)

Six Dry Ports Being Built Across Nigeria To Be Linked To Rail Lines / Naira Crashes As FG Denies Currency Swap Deal / Anxiety As FG Completes Review Of Mtn’s N34bn License (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: Confusion At Ports As FG Increases Import Tariff by niceguy7(m): 9:43am On Jun 12, 2015
mrvitalis:
All man need to buckle up and sit tight change don't come cheap


Buhari please don't fall us please
Fall or fail? grin

1 Like

Re: Confusion At Ports As FG Increases Import Tariff by oghenetega100(f): 9:43am On Jun 12, 2015
It was obviously implemented before Buhari came into office, so everyone leave PMB out of it.
Re: Confusion At Ports As FG Increases Import Tariff by Dotmanroy(m): 9:43am On Jun 12, 2015
xcolanto:
The dura man has sold us to the west! I knew his constant flights to London et all was to gain their acceptance by doing their bidding.
Creating more hardship for the people is the sign of change to come!
Nigeria I present to you the brainless babaonechance.. Peace

Re: Confusion At Ports As FG Increases Import Tariff by Mishydoo(m): 9:45am On Jun 12, 2015
This is what I was afraid of!!!thank God my car just came in last week.
Re: Confusion At Ports As FG Increases Import Tariff by LamLam15: 9:45am On Jun 12, 2015
ShowYourCertificate:
Increasing tariffs will cripple our economy. Nigeria is import driven thus the increment in tax, especially at this period of economic crises caused by fuel price, will discourage the use of conventional channels to import goods. Importers will resort to illegal importation through our porous boundaries. And this will not be good for our economy.

Also our small and medium scale importers will be frustrated out of business. As a result, commodities will be scarce, price of goods will skyrocket and the masses will suffer.

Some one should please teach some economic sense into the Daura President. We all know he failed economics back then in school. We even need to see his WASC Certificate sef.

[size=20pt]#BabaOneChance[/size]

You post a lot on nairaland but sad enough you hardly make sense. All you do is being abusive and devoid of constructive arguement and/or analysis.

The said increment was agreed by GEJ's administration and was supposed to take effect in April but postponed till now.

PMB will have to look into the previous agreement and see how they can adjust if necessary.

3 Likes

Re: Confusion At Ports As FG Increases Import Tariff by noskeybaba: 9:46am On Jun 12, 2015
kayode27:


Very wrong assumptions.
We the end users of imported products will be at the receiving end.
It is not binding to him to implement it. More over its still the masses that will bear the cost of increase on the tariff. Is that wise? Creating more hardship on the people.
Re: Confusion At Ports As FG Increases Import Tariff by CallPolice: 9:47am On Jun 12, 2015
Most of them read only the headline before commenting

Dotmanroy:
guess ur stupidity has eaten deep dat u couldn't even read correctly...shame!!!
Re: Confusion At Ports As FG Increases Import Tariff by Redoil: 9:50am On Jun 12, 2015
MabraO:


Mumu did u read wen d date it will take effect was 1st January but latter delayed to April 11th before finally starting on 10th June!

I know ur cluelessness wouldn't allow u see
gej refuse to do it but ur Daura President nenve think twice b4 doing it
Re: Confusion At Ports As FG Increases Import Tariff by arbitter: 9:50am On Jun 12, 2015
LamLam15:


You post a lot on nairaland but sad enough you hardly make sense. All you do is being abusive and devoid of constructive arguement and/or analysis.


Wait what? And that comes as a surprise to you? You do realise from his Username he's probably a member who is using an alternate profile to be the halfwit he was born to be but is too much of a pvssy to openly be.

2 Likes

Re: Confusion At Ports As FG Increases Import Tariff by nortcentrallord(m): 9:51am On Jun 12, 2015
Vicadonis:
Brilliant idea... We need money... You wey get money buy Car or Jet from America or any other place suppose get money pay import duties...

Are u a hater of success? Nigerians pay tax on virtually everything and you support this nonsense. I am not surprised. This played out when buhari took power as military president. Its playing out again. Hard times always comes with this man. Why?

1 Like

Re: Confusion At Ports As FG Increases Import Tariff by TopHand: 9:52am On Jun 12, 2015
xcolanto:
The dura man has sold us to the west! I knew his constant flights to London et all was to gain their acceptance by doing their bidding.
Creating more hardship for the people is the sign of change to come!
Nigeria I present to you the brainless babaonechance.. Peace
Stop being spreading false misinformation, genuine importers having been fighting these new traffits for over a year, this is a policy of the last government, after protesting these new traffits the old govt delayed its implementation until january this year and since january we have been paying the new traffits go and ask your uncle how much he has been clearing his goods in the port since january, you people were shouting GEJ forever mean while he was selling you to the slave market, suddenly you find yourself in chains and you are now crying. Those importers complaining now are friends and family of the old govt they never used to pay duty while the rest of us were paying they can go to HELL

1 Like

Re: Confusion At Ports As FG Increases Import Tariff by hotice01: 9:54am On Jun 12, 2015
Very bad move for an import dependant nation that hasn't set adequate machineries and infrastructures to engage in manufacturing and exportation.

High petrol prices,high price of food stuffs,high price of commodities.what's the benefit to the common man,especially those that are been owed salaries?

PMB government should do something about all these,else its gonna be a very hard time for the government not just the people.
How do they expect the common man to survive with the merger salaries been paid. Workers will demand for increase in salaries,which will translate to inflation and anarchy cuz government doesn't even have the resources to facilitate salary increment.

They can generate funds without all these drastic moves which is detrimental to the common man.

im nonpartisan and only speak for the common man.PLS let no APC fanatic quote me out of context or try to defend this move out of political sentiment.

2 Likes

Re: Confusion At Ports As FG Increases Import Tariff by LamLam15: 9:54am On Jun 12, 2015
arbitter:


Wait what? And that comes as a surprise to you? You do realise from his Username he's probably a member who is using an alternate profile to be the halfwit he was born to be but is too much of a pvssy to openly be.

Not surprised though but never tell it to his face.
Re: Confusion At Ports As FG Increases Import Tariff by shamecurls(m): 9:54am On Jun 12, 2015
[s]
xcolanto:
The dura man has sold us to the west! I knew his constant flights to London et all was to gain their acceptance by doing their bidding.
Creating more hardship for the people is the sign of change to come!
Nigeria I present to you the brainless babaonechance.. Peace
[/s]



Try to read the post before commenting......
Re: Confusion At Ports As FG Increases Import Tariff by Burger01(m): 9:54am On Jun 12, 2015
CallPolice:
Most of them read only the headline before commenting

What do you expect from clueless members of a clueless party by clueless paymasters? They are doltssmiley

3 Likes

Re: Confusion At Ports As FG Increases Import Tariff by Nobody: 9:56am On Jun 12, 2015
Domestic producers benefit by ultimately facing reduced competition in their home market, which leads to lower supply levels and higher prices for consumers. Less of the good is produced, and consumers pay higher prices.

Although-When a consumer does purchase a higher-priced imported good with a tariff imposed on it, the consumer now has less money to spend on other things. This forces consumers to either buy less of the imported good or less of some other good, ultimately lowering the purchasing power of consumers. It is important to remember that although consumers may pay higher prices because of tariffs and have limited options, the potential benefit is that domestic sales of goods can increase, ultimately leading to higher domestic sales and more jobs for companies inside the country[s]
ShowYourCertificate:
Increasing tariffs will cripple our economy. Nigeria is import driven thus the increment in tax, especially at this period of economic crises caused by fuel price, will discourage the use of conventional channels to import goods. Importers will resort to illegal importation through our porous boundaries. And this will not be good for our economy.
Also our small and medium scale importers will be frustrated out of business. As a result, commodities will be scarce, price of goods will skyrocket and the masses will suffer.
Some one should please teach some economic sense into the Daura President. We all know he failed economics back then in school. We even need to see his WASC Certificate sef.
[size=20pt]#BabaOneChance[/size]
.
[/s]
Re: Confusion At Ports As FG Increases Import Tariff by PAINGAIN: 9:58am On Jun 12, 2015
Someone remind me again, why did some people think nigeria will b better under apc?

1 Like

Re: Confusion At Ports As FG Increases Import Tariff by Gorimakpa1: 9:58am On Jun 12, 2015
IsraeliAIRFORCE:
All Roads now lead to North-East Nigeria via Chad and Cameroon for purchase of cheap vehicles across boards.

North-East Economy will rise again.

Importers may avoid Ecowas countries to beat competition unless Chad and Cameroon will subscribe to the new import tariffs.



Congrats to Bokoharam, they now have a business - Import and Sell at cheap rate to finance their insurgency
my bro...respect this is undilluted COMMON SENSE INTELLIGENCE AND BRILLIANCE....make sure you use it to advantage...keep it up
Re: Confusion At Ports As FG Increases Import Tariff by Toks2008(m): 10:00am On Jun 12, 2015
ShowYourCertificate:
Increasing tariffs will cripple our economy. Nigeria is import driven thus the increment in tax, especially at this period of economic crises caused by fuel price, will discourage the use of conventional channels to import goods. Importers will resort to illegal importation through our porous boundaries. And this will not be good for our economy.

Also our small and medium scale importers will be frustrated out of business. As a result, commodities will be scarce, price of goods will skyrocket and the masses will suffer.

Some one should please teach some economic sense into the Daura President. We all know he failed economics back then in school. We even need to see his WASC Certificate sef.

[size=20pt]#BabaOneChance[/size]

I think you are the one who needs to really show us your certificate because any kindergarten will see that this was Jonathan's led government policy that is just taking effect. Please try and be reasonable.

3 Likes 2 Shares

Re: Confusion At Ports As FG Increases Import Tariff by texazzpete(m): 10:00am On Jun 12, 2015
handsomeclouds:
Domestic producers benefit by ultimately facing reduced competition in their home market, which leads to lower supply levels and higher prices for consumers. Less of the good is produced, and consumers pay higher prices.

Although-When a consumer does purchase a higher-priced imported good with a tariff imposed on it, the consumer now has less money to spend on other things. This forces consumers to either buy less of the imported good or less of some other good, ultimately lowering the purchasing power of consumers. It is important to remember that although consumers may pay higher prices because of tariffs and have limited options, the potential benefit is that domestic sales of goods can increase, ultimately leading to higher domestic sales and more jobs for companies inside the country.





Let the companies locally compete on quality and price. Why should locally assembled autos with crazy tax breaks and already reduced import duties be anywhere near as expensive as imported vehicles?

1 Like

Re: Confusion At Ports As FG Increases Import Tariff by Gorimakpa1: 10:03am On Jun 12, 2015
texazzpete:



Let the companies locally compete on quality and price. Why should locally assembled autos with crazy tax breaks and already reduced import duties be anywhere near as expensive as imported vehicles?
BUT i can still remember GEJ was the originator of this POLICY....chai my importer friends will bear the brunt, this policy will create hardship for them
Re: Confusion At Ports As FG Increases Import Tariff by omoakinn: 10:03am On Jun 12, 2015
How are they caculating the 35 percent of a tokunbo car pls

2 Likes

Re: Confusion At Ports As FG Increases Import Tariff by harry509: 10:08am On Jun 12, 2015
walexy30:

http://www.punchng.com/news/confusion-at-ports-as-fg-increases-import-tariff/
na wa.
Re: Confusion At Ports As FG Increases Import Tariff by coolzeal(m): 10:11am On Jun 12, 2015
If only Dangote and co will not be given government waiver.

4 Likes

Re: Confusion At Ports As FG Increases Import Tariff by Emdee590(m): 10:13am On Jun 12, 2015
ShowYourCertificate:
Increasing tariffs will cripple our economy. Nigeria is import driven thus the increment in tax, especially at this period of economic crises caused by fuel price, will discourage the use of conventional channels to import goods. Importers will resort to illegal importation through our porous boundaries. And this will not be good for our economy.

Also our small and medium scale importers will be frustrated out of business. As a result, commodities will be scarce, price of goods will skyrocket and the masses will suffer.

Some one should please teach some economic sense into the Daura President. We all know he failed economics back then in school. We even need to see his WASC Certificate sef.

[size=20pt]#BabaOneChance[/size]
Get sense small na

2 Likes

Re: Confusion At Ports As FG Increases Import Tariff by anonimi: 10:16am On Jun 12, 2015
handsomeclouds:
The advantage of what Buhari has just done is that- Domestic producers benefit by ultimately facing reduced competition in their home market, which leads to lower supply levels and higher prices for consumers. Less of the good is produced, and consumers pay higher prices.

Although-When a consumer does purchase a higher-priced imported good with a tariff imposed on it, the consumer now has less money to spend on other things. This forces consumers to either buy less of the imported good or less of some other good, ultimately lowering the purchasing power of consumers. It is important to remember that although consumers may pay higher prices because of tariffs and have limited options, the potential benefit is that domestic sales of goods can increase, ultimately leading to higher domestic sales and more jobs for companies inside the country[s][/s]

BRILLIANT economic analysis.

More jobs locally in the medium/long term also means increased aggregate disposable income that will compensate for the initial loss.

2 Likes 1 Share

Re: Confusion At Ports As FG Increases Import Tariff by gabyosz: 10:20am On Jun 12, 2015
All the 16 members of the ECOWAS, including Nigeria, had agreed to introduce a uniform import tariff, pegged at 35 per cent maximum, from January this year, to facilitate trade within the region.

Although the Nigeria Customs Service said the policy had taken effect on April 11, it was not enforced until Monday.

What is wrong with some of this guys did you not see the date was buhari in power at that time. J boy wss the one that did it.

1 Like

Re: Confusion At Ports As FG Increases Import Tariff by Setaje(f): 10:20am On Jun 12, 2015
When the Israelites in the bible were being ruled by prophets. At that time Samuel was the last prophet to rule Israel. The Israelite said they wanted change. They did not want to be ruled by prophets anymore. God was not happy with it either but he answered the Israelite by appointing Saul who happened to be the tallest among the assembled Israelite and he was chosen as the first king of Israel. You want a king! A king you shall get!. He had the charisma and demeanor of a king but What happened to the Israelites when Saul assumed position!!!!!!!!!!!?

3 Likes 1 Share

Re: Confusion At Ports As FG Increases Import Tariff by Emdee590(m): 10:22am On Jun 12, 2015
noskeybaba:
To pay back igbo boys. Well done Buhari, we are watching you.
You are only trying to create hardship for the citizens cos they will bear the cost of the increase 100%. You are only trying to use ECOWAS as excuse. Its not a must you implement it.
Go check the date wey all these started and stop showing your stupidity in public
Re: Confusion At Ports As FG Increases Import Tariff by chronique(m): 10:22am On Jun 12, 2015
I told some dealers who were saying they would vote buhari because the APC promised to reduce the tariff at port,that they were just wasting time but they refused to listen to me. At a period where oil prices are falling and govt is looking for more means of income,reducing your source of revenue will never be an alternative. Instead,govt will be looking for ways to increase revenue. Personally,I supported this decision under Jonathan,and would still support it under Buhari.
I hope I have justified myself when I told some people that their reason for voting APC is faulty.

Nb: I am not against the buhari led FG on this matter. I'm for it.
Re: Confusion At Ports As FG Increases Import Tariff by columbus007(m): 10:23am On Jun 12, 2015
The real inflation of goods and services is finally arrived,how many Nigerians can afford to buy a brand new car let the truth be told,secondly it was part of the APC manifesto during their campaign for change that as part of their econony plans for Nigeria its also to reduce import tariff.this country Nigeria is like a lost puppy

4 Likes

Re: Confusion At Ports As FG Increases Import Tariff by Ollaboy: 10:24am On Jun 12, 2015
b3llo:
Good move, Local industries would now get the necessary attention needed. Too much importation should be discouraged because, it weakens the economy rather than building it.
May God bless you. That's a very good and simple economic interpretation of the policy. I wonder why some people were/are blaming government and to the extent of calling the new president (who had not been sworn in when the policy was introduced) all sorts of names. Let us always reason, because hatred will not take us anywhere in this country.

(1) (2) (3) (4) (Reply)

No Limit On Naira Debit, Credit Cards Utilization On E-channels – CBN / EFCC Recovers N1bn From Ponzi Scheme Suspects In Rivers / Is Earnrealpay.net Real Way To Make Money Online

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 66
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.