We have not increased tariffs on food items, luxury goods says FG ~ Zeniths Blog

We have not increased tariffs on food items, luxury goods says FG

– The federal government has denied increasing import duties on food items and luxury goods

– According to the director of information, tariffs for those items which was purported to have been increased remained at their 2015 levels

– He however noted that the clarification is aimed at providing the Nigerian media and other stakeholders with the correct information on such sensitive issues

No increment in tariffs for food items, luxury goods says FG

The federal ministry of finance has clarified that import duties on food items and luxury goods have not been increased.

The ministry made this clarification in response to some media reports that import duties have been raised for some items.

READ ALSO: 7 imported goods FG increased tariff on

The director of information, Alh Salisu Na’Inna in a statement said: “The Federal Ministry of Finance wishes to categorically state that the correct position is that, the 2016 FPM did not involve any upward review of tariff on the affected food items and luxury goods.

“On the contrary, tariffs for those items remained at their 2015 levels, while duties for some other items were actually reduced. A comparison of the 2015 fiscal policy measures circular dated 20th March, 2015 and the 2016 Fiscal Policy Measures dated 29th November, 2016 will affirm this position.

class="align-left">The ministry however noted that medical products have been prohibited with regards to the 20 per cent duty in the 2016 fiscal policy measures.

READ ALSO: Federal government fails to renew insurance of civil servants

“This is in support of Government’s intention to give further encouragement and desirable protection to local manufacturers”

“This clarification is aimed at providing the Nigerian media and other stakeholders with the correct information on such sensitive matters and to urge all interested parties to cross-check information with relevant authorities for accuracy.

“This is especially necessary at these challenging times when the Federal Government is putting extra efforts to encourage our local industries and manufacturers.”

Recall that in a bid to boost local production, the federal government raised duties on luxury goods such as yachts and Sport Utility Vehicles (SUVs) imported into the country.

Consequently, some luxury and consumable items that have local alternatives but are imported into the country will attract higher import duties.

360naze