The Federal Government, yesterday, raised tariffs on importation of rice in packing of more than 5kg, or in bulk; and in packing of 5kg or less to 60 percent, from 50 percent.
Finance minister, Zainab Ahmed, who stated this in a document, titled Revised Import Adjustment Tax (IAT) for Implementation of ECOW CET (2022-2026), 2023 fiscal policy measures“, also stated that importation of wheat or meslin flour now attracts 70 percent tariffs as against the 50 in 2022-2026 ECOWAS CET.
According to video,This is to confirm that his excellency Mr. President has approved for the implementation of the 2023 fiscal measures, made up of the Supplementary Protection Measures (SPMs) for the implementation of ECOWAS Common External Tariff 2022-2026 and revised excise duty rate on alcoholic beverages, cigarettes and tobacco products as well as introduction of excise duty on Single Use Plastics (SUPs).
