Manufacturers, importers stranded over N6.5m duty on transit goods

July 26, 2021 The Guardian 0 Comments

Still reeling from the effects of Nigeria’s border closure on its economy, the government of the Republic of Benin has imposed new import duty of CFA9 million (N6.5 million) per transit truck on Nigeria-bound cargoes transiting through the country, which are exempted from all forms of duty under the Economic Community of West African States (ECOWAS) protocols on transit goods. Read More.

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