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Home General Clarification On The Alledged Increase In The Tariffs For Food Items And...
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Clarification On The Alledged Increase In The Tariffs For Food Items And Luxury Goods

By
Salisu Na’inna Dambatta
-
January 6, 2017
The attention of the Federal Ministry of Finance has been drawn to recent publications in the media, regarding the 2016 Fiscal Policy Measures (FPM), to the effect that the Federal Government has raised import duties on food items and luxury goods.
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.
With regards to the 20 per cent duty on pharmaceutical products in the 2016 Fiscal Policy Measures, it should be noted that pharmaceutical products were  already in the import prohibition list.
This is in support of Government’s intention give further encouragement and  desirable protection to  local manufacturers of Pharmaceutical products and  ensure that those who, despite the prohibition, import such products under special permission,  pay the required duties.
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.
 The accompanying documents, which could also be accessed on the website of the Federal Ministry of Finance,  contain the details of the 2015 and 2016 Fiscal Policy Measures for the records.
Signed
SALISU NA’INNA DAMBATTA
Director (Information)
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Para-Military Agencies Get 12-Month Deadline to Deliver ReformsErasmus Ikhide Narrowly Escapes Death in Collision with Dangote TruckTroops Sustain Offensive Against Bandits, Eliminate Scores in North West, North Central RegionsFCT Police Arrest 10 Suspected Drug Dealers, Recover Drugs, Kidnapping ProceedsSecurity Forces Bust Child Trafficking Syndicate, Arrest 5 Suspects in A'IbomPHOTOS: Bauchi Constituents Rally APC to Draft Senator Buba for 2027 Governorship RacePantami Foundation Pays Outstanding Fees for Gombe Students at BUKCDS Musa Launches Operation Enduring Peace, Tasks Troops to ‘Win Peace, Not Just War’TRAVELOGUE: Kaduna Almajiris and A Parley Inside Arewa Forum's House By Lawal Dahiru MammanOHCSF Celebrates 57 Retirees for Exemplary Service and DedicationAlake Orders Mining Marshals to Seal Illegal Gold Mining Site in GwagwaladaPolice Rescue Abducted Senior Officer in Sokoto, Arrested UNILAG Lecturer Over Rape AllegationFG Inaugurates Boards, Management Teams of Three Regional Development CommissionsNAF Reaffirms Commitment to Civilian Protection, International Humanitarian LawTroops Repel Bandit Attack on Military Base, Eliminate Scores in Niger
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