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New tariff structure unveiled
Fri, 26 Sep 2008 14:45
TradeInvestNigeria Staff


Nigeria's Federal Government yesterday launched the 2008-2012 Nigeria Customs and Excise Tariff Book which is aimed at aligning the country with the Economic Community of West African States (ECOWAS) external tariff.

As part of its reviewed tariff structure, the government has introduced a new tariff band to be exclusively applied to imported goods that are manufactured in the country. Under the new regulation, a 35% tariff will be paid on such imports.

Other highlights of the new regulation include:

  • The government extended the ban on the importation of used cars from eight to ten years - used cars brought into Nigeria must therefore be older than ten years. Buses and trucks can however still be imported, irrespective of their age.

  • Tariffs on the importation of primary raw materials have been reduced from 10% to 5%.

  • Items on the prohibited list include: textile fabrics; second hand clothes; rugs and carpets; recharge cards; beer and stout; plastics in the form of spoons, forks and toothpicks; used tyres; cases and cartons made from corrugated materials; footwear; any type of furniture.

    • Goods imported into Nigeria will now be classified in five categories, these are:

    Category 0: Attracts no tariff and is for essential products such as educational materials.

    Category 1: Attracts a 5% tariff and is for primary raw materials.

    Category 2: Attracts a 10% tariff and is for intermediate products such as completely knocked down (CKD) refrigerators and CKD televisions.

    Category 3: Attracts a 20% tariff and is for finished goods that are not produced locally and which require no protection such as televisions, refrigerators and generators.

    Category 4: Attracts a 35% tariff and is for finished goods that are produced locally.

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