NECA warns 4% Customs charge will hike duty by 80%, impoverish Nigerians

The Nigeria Employers’ Consultative Association (NECA) has raised concerns over the recent introduction of a 4 per cent Customs Administration Charge on the Free on Board (FOB) value for imports, warning that it will drive duty payments up by 80 per cent for industries reliant on imported raw materials. The association cautioned that the policy […]

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