The Guardian gathered that the Nigeria Customs Service (NCS) had immediately commenced implementation of the new duty rate, which would apparently increase its revenue generation. For the importers, some of them have opted to close their shops or leave the country in search of a conducive business environment elsewhere in the region. It is high time government looked into these issues and create a business friendly environment for this economy to thrive,” he said. “You cannot increase duty and say it should be implemented with immediate effect. They should consider the importers before slamming a new duty,” he said.

Source: The Guardian June 27, 2019 04:30 UTC