Maritime Nigeria

Main Menu

  • Home
  • News
  • Interviews
  • Maritime Info
  • Photo Gallery
  • Fact
  • Profiles

logo

Header Banner

Maritime Nigeria

  • Home
  • News
    • MOWCA Secures $1.3million Scholarships

      Sep 2, 2025
      0
    • DG NIMASA Task Staff To Deliver On Presidential Priorities

      Sep 2, 2025
      0
    • Minister Commends Academy On Policy Drive and Vision

      Aug 27, 2025
      0
    • Dantsoho: Driving Growth, Inclusivity, Sustainability and Improvements In Port Operations

      Aug 25, 2025
      0
    • MWUN Salute Tinubu, Partners AMJON

      Aug 22, 2025
      0
    • NSC Decry Paucity of Funds, Calls For Adequate Preparations For AfCFTA

      Aug 22, 2025
      0
    • CGC Takes Reputation Campaign To Zone C

      Aug 18, 2025
      0
    • CUSTOMS: Kebbi Command Celebrate B'Odogwu

      Aug 18, 2025
      0
    • NIMASA Reward Hard Work With Promotions

      Aug 17, 2025
      0
  • Interviews
    • Nigeria Takes Leadership Of MOWCA

      Nov 18, 2021
      0
    • APM Participates in UK Trade Expo

      Oct 31, 2021
      0
    • Reps Seek Admission at MAN

      Dec 7, 2020
      0
    • NIMASA URGE SHIP OWNERS TO RENEW CABOTAGE LICENSES

      Oct 5, 2020
      0
    • FG Sacks Aboloma As NAIC Gets New EDs

      Aug 28, 2020
      0
    • Britain Celebrate Nigerian In Covid Efforts

      Jul 26, 2020
      0
    • Zuckerberg Backs Trump Against Twitter

      May 28, 2020
      0
    • NAFDAC DG Sheds Light On Chloroquine, Herbals, Masks and Covid19

      May 12, 2020
      0
    • Reps Threaten MDAs

      Feb 24, 2020
      0
  • Maritime Info
    • 2023 POP: Minister Task Cadets On Blue Economy

      Dec 15, 2023
      0
    • Rector, Trainees Excited, Laud FG On Modern Academy

      Jan 26, 2023
      0
    • Buhari Redeploys Minister As NPA, NIMASA, MAN, Others Get New Boards

      Apr 7, 2022
      0
    • World Bank Endorse Nigerian Ports, Partners Navy On Capacity Building

      Mar 19, 2022
      0
    • NIMASA Commend Nigerian Navy, Reassures On Floating Dock

      Feb 9, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • shipping

      Singapore Strait Dangerous To Shipping-ReCAAP

      Jan 24, 2022
      0
    • Lekki Deep Sea Port Will Increase Port Efficiency-Amaechi

      Jan 24, 2022
      0
    • Fair Competition: NSC Partners FCCPC For Effectiveness

      Jan 21, 2022
      0
  • Photo Gallery
    • SERAP Calls for Probe of Entire Privatization Processes 1999-2011

      Dec 4, 2017
      0
    • IMO Election: South Africa, Kenya, Liberia, Morroco and Egypt Make Category C

      Dec 2, 2017
      0
    • Maersk Ship on Fire as Coy Launches Six Container Lifting Tech

      Nov 2, 2016
      0
    • Captured Seafarers Languish In Captivity without Ransom

      Nov 1, 2016
      0
    • Niger Delta: Militants Ask FG to Include Former Agitators in Negotiations

      Nov 1, 2016
      0
    • Self-Audit: NIMASA Set to Review 3% Freight Charge

      Nov 1, 2016
      0
    • Recession: Japanese Shipping Companies to Merge

      Oct 31, 2016
      0
    • NSC Partners ICS on Capacity Building

      Oct 31, 2016
      0
    • AGAIN, APAPA CUSTOMS SURPASS MONTHLY TARGET WITH N33B COLLECTION

      Oct 5, 2016
      0
  • Fact
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • “VIN Is A Trade Tool, Not Punitive”-Customs

      Mar 2, 2022
      0
    • Blackmailers, False Publishers and Their Agents: Court Clears Rector

      Feb 18, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • "APM Terminals Is Beyond Moving Boxes Around"-Laursen

      Jan 24, 2022
      0
    • MWUN: Welfare, Safety Our Priority-Adeyanju

      Dec 27, 2021
      0
    • Reversing the Trend: Koko Breaks Record at NPA

      Dec 24, 2021
      0
    • Minister Demands More From MAN At Passing Out Parade

      Dec 20, 2021
      0
    • MARITIME NIGERIA TASK NIMASA ON MARITIME DEVELOPMENT

      Dec 15, 2021
      0
  • Profiles
    • CMA CGM Brings AI Onboard

      Jun 5, 2018
      0
    • Customs Notify 577 Officers of Retirement by Eguono Odjegba

      Jan 12, 2018
      0
    • Over 100 Persons Feared Dead in Mediterranean Ship Wreck

      Nov 3, 2016
      0
    • Ballast Water: Panama Signs Up

      Oct 24, 2016
      0
    • Ist Half Report: Customs generate N385.7bn revenue

      Aug 15, 2016
      0
    • Minister/MD Speeches at the Launch of NPA's CCCIS

      Jul 23, 2016
      0
    • Face off Imminent as Dakuku Warn IOCs to Sit Up or Stay ...

      Jul 22, 2016
      0
    • Hadiza, Welcome to NPA

      Jul 16, 2016
      0
    • Habib Abdullahi Sacked Again from NPA

      Jul 12, 2016
      0
  • MOWCA Secures $1.3million Scholarships

  • DG NIMASA Task Staff To Deliver On Presidential Priorities

  • Minister Commends Academy On Policy Drive and Vision

  • Dantsoho: Driving Growth, Inclusivity, Sustainability and Improvements In Port Operations

  • MWUN Salute Tinubu, Partners AMJON

Maritime InfoNews
Home›Maritime Info›LCCI Backs Ali On Duty Reduction

LCCI Backs Ali On Duty Reduction

By Editor
Jan 28, 2019
1690
0
Share:

Call for 15% Duty

 

The Lagos Chamber of Commerce and Industry has joined in the calls for the review of the Automotive Policy, which was proclaimed by the Goodluck Jonathan administration in 2013.

The LCCI made its position known in a statement issued and signed by its Director-General, Mr Muda Yusuf, on Sunday.

The call is coming four days after the Comptroller General, Nigeria Customs Service, Col Hameed Ali (retd.), called for a reduction of the 35 per cent levy on imported vehicles to curb smuggling.

The LCCI stressed that five years after its proclamation, the policy had not only failed to achieve the desired outcomes but had adversely impacted the cost of doing business, the welfare of the people, government revenue and the capacity of the economy to create jobs.

It added that the policy had also penalised stakeholders in the sector that were compliant with extant rules, taxes and tariffs applicable to the automobile sector.

Yusuf recommended a reduction in the import levy from 50 per cent to 15 per cent. “This will be in addition to the 20 per cent import duty.”

He suggested that the 25 per cent import levy on commercial vehicles should be cut down to 15 per cent to complement the 10 per cent import duty.

“Import levy on used cars should be reviewed from current 25 per cent to 15 per cent,” he said.

Yusuf also recommended that further tax concessions and waivers be extended to the assembly plants in the spirit of the auto policy.

He added that semi-knocked down units should all attract five per cent duty to incentivise domestic vehicle assembly.

He said, “Other incentives for assembly plants and tyre industries for the acquisition of machinery and equipment should be retained as contained in the automotive policy. Similar incentives should be extended to the local production of vehicle spare parts.

“Patronage of locally assembled vehicles by the government and its agencies should be more rigorously encouraged and enforced.”

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)

Related

Previous Article

NPA and INTELS Tango Continues

Next Article

CVFF Cannot Do Much-Dakuku

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • FeaturedNews

    Senate Bars Presidency From Medical Tourism

    Nov 5, 2020
    By Editor
  • FactFeaturedInterviewsMaritime InfoNews

    PORT REFORMS: SENATE SEEK REVERSAL OF AGREEMENTS/AMENDMENT OF OBSOLETE LAWS

    Oct 31, 2016
    By Editor
  • News

    IMO, NIMASA FOR INSPECTION AND AUDIT OF MA

    Sep 8, 2022
    By Editor
  • News

    We Shall Sanction Defaulters-NCAA

    Mar 10, 2018
    By Editor
  • FeaturedNews

    NASS Visit To Academy A Timely Intervention-Rector

    Mar 11, 2024
    By Editor
  • FeaturedMaritime InfoNews

    MYSTERY: COVID19 SCARE ONBOARD VESSEL

    Jul 16, 2020
    By Editor

Leave a Reply Cancel reply

  • FeaturedNews

    IDP Relief Materials Missing in Adamawa

  • News

    NIMC Joins Secure Identity Alliance

  • News

    FG MULLS UNBUNDLING OF RAILWAYS

Looking For Something?

Read From

  • Agriculture
  • Customs Operations
  • Fact
  • Featured
  • Interviews
  • Maritime Info
  • News
  • One Question
  • Photo Gallery
  • Profiles
  • sports

Just In

Customs Operations

B’Odogwu: Apapa Collects N215b

As CAC Olomu Assures on Efficiency Notwithstanding network glitches, the Apapa Command of Nigeria Customs Service has collected ₦215b in the month of August 2025 using the Unified Customs Management ...
  • MOWCA Secures $1.3million Scholarships

    By Editor
    Sep 2, 2025
  • DG NIMASA Task Staff To Deliver On Presidential Priorities

    By Editor
    Sep 2, 2025
  • Minister Commends Academy On Policy Drive and Vision

    By Editor
    Aug 27, 2025
  • Dantsoho: Driving Growth, Inclusivity, Sustainability and Improvements In Port Operations

    By Editor
    Aug 25, 2025
  • Home
  • About Us
  • Contact Us
© 2013 Maritime Nigeria | All Rights Reserved