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Nigeria introduces fiscal measures to nudge economy

The Nigerian government has announced a new tariff and tax regime to jump-start the country“s oil-dependent economy.
Briefing journalists in Abuja, Finance Minister Adamu Ciroma announced cuts in im…

The Nigerian government has announced a new tariff and tax regime to jump-start the country“s oil-dependent economy. Briefing journalists in Abuja, Finance Minister Adamu Ciroma announced cuts in import duties on a number of items including disodium carbonate (soda Ash) from 15 to 5%. The new tariffs became effective 4 January. However, the existing excise duties will be maintained in 2001.

 

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