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The Nigeria Customs Service on Tuesday has announced that reduction in the duties on vehicles and tractors from 35 to about 10 per cent may commence next week .
Comptroller- General of Customs, Hameed Ali disclosed this to journalists in Abuja , saying that the management of the service was expecting an official communication from the finance ministry on the matter any moment from now .
He said the vehicle tariff reduction, as contained in the 2020 Finance Act , was initiated by the NCS to ease the cost of transportation in Nigeria .
He said , “We are the proponents of the new tariff. I’ ve been torn apart by many people criticising it, saying I used my connection to get it done . But it is in the overall interest of Nigeria .
“Now , it has become a law . We are now waiting for the finance minister to give us a formal conveyance of that Act . Once we receive it, we commence implementation immediately and inform our commands .
“We are hoping that latest by next week , it will become operational. ”
On the African Continental Free Trade1 Agreement , Ali said all aspects that concerned the NCS had been adhered to.
He , however , noted that the service would need certain inputs from the AfCFTA secretariat , such rules of origin , as this should not be left to chambers of commerce alone , adding that the NCS should part of the team .
Fatimah Oyesanmi
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