Import Duties

President Tinubu Suspends Import Duties, VAT On Medical Supplies

News Rangers1 year ago08 mins

LAGOS JUNE 29TH (NEWSRNAGERS)-President Bola Tinubu has signed an executive order to suspend import duties and value-added tax on essential medical supplies imported into the country. This is aimed at easing the high cost of locally producing pharmaceuticals, diagnostics, and medical devices such as needles and syringes, and biological among others. Muhammad Ali Pate, minister…

Chairman Of Innoson Motors Cautions FG On Plan To Reduce Duties On Vehicles

News Rangers5 years ago5 years ago08 mins

LAGOS NOVEMBER 29TH (NEWSRANGERS)-Chairman of Innoson Vehicles Manufacturing Company Limited, IVM, Chief Innocent Chukwuma, has cautioned that Federal Government’s plan to reduce the import duties and levies on buses, tractors and other motor vehicles as contained in the recent 2020 Finance Bill, will not only be a disincentive to investments, but will also set Nigeria’s automotive…

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President Tinubu Suspends Import Duties, VAT On Medical Supplies

Chairman Of Innoson Motors Cautions FG On Plan To Reduce Duties On Vehicles