Nigeria’s Minister of Trade and Investment, Okechukwu Enelamah says Nigeria will increase custom duties
for tomato imports and waive tariffs for some farming equipment
to stimulate local production and investment in the agriculture
sector.
for tomato imports and waive tariffs for some farming equipment
to stimulate local production and investment in the agriculture
sector.
“We are going to go up. We will be announcing what the new
tariffs are but clearly there is a new set of tariffs,”
Okechukwu Enelamah told reporters in Abuja, the nation’s capital.
The Minister disclosed that customs duties on some greenhouse equipment currently
amounting to as much as 20 percent would be removed.
Nigeria has been trying to encourage local food production
in order to reduce a costly import bill and end its reliance on
oil exports.
However, an artificially high exchange rate has dried up the
supply of hard currency, forcing the temporary shutdown of two
local tomato paste plants dependent on imports in recent months.
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