The House of Representatives has mandated its Committee on Federal Capital Territory (FCT) to investigate and recover the alleged missing 10,000 transit buses provided by the Federal Government for Transport Services within the FCT. The resolution followed the adoption of a motion raised during the plenary yesterday, by Hon. Ikenna Elezieanya (APC-Imo). Speaking, Hon. Elezieanya noted that the provision of long buses in Abuja, apart from creating jobs and generating revenue, was targeted at alleviating the sufferings of the citizens as it was designed to ease the commuting challenges of…
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Import duty: FG grants 30 percent waiver on mass transit vehicles
President Muhammadu Buhari has approved a 30 percent import duty reduction on passenger transport vehicles into the country. In a circular issued by the headquarters of the Nigeria Customs Service (NCS) in Abuja, which conveyed the presidential directive, the import duty reprieve covers aviation engines and spare parts and takes immediate effect. According to the circular, signed by the NCS Deputy Comptroller-General, Trade and Tariff, T.M. Isa, signed on behalf of the NCS Comptroller-General, “the reduction followed the decision to prune applicable levies and duties on vehicles to mitigate rising…
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