The Nigeria Customs Service on Tuesday said the implementation of the reduction in the percentage of importation duties on vehicles and tractors from 35 per cent to about 10 per cent may begin next week.
The Comptroller-General of Customs, Hameed Ali, made this known while speaking with journalists in Abuja.
He said the management of the service was expecting an official communication from the finance ministry.
He said the vehicle tariff reduction, as contained in the 2020 Finance Act, was initiated by the NCS to ease the cost of transportation in Nigeria.
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He said, “We are the proponents of the new tariff. I’ve been torn apart by many people criticising it, saying I used my connection to get it done. But it is in the overall interest of Nigeria.
“Now, it has become a law. We are now waiting for the finance minister to give us a formal conveyance of that Act. Once we receive it, we commence implementation immediately and inform our commands.
“We are hoping that latest by next week, it will become operational.”