Manufacturers, importers stranded over N6.5m duty on transit goods
• Stalemate enters 46 days over border closure • Shortage of raw materials might worsen, consumers to pay more amid inflation Still reeling from the effects of Nigeria’s border closure on its economy, the government of the Republic of Benin has imposed new import duty of CFA9 million (N6.5 million) per transit truck on Nigeria-bound cargoes transiting through the country, which are exempted from all forms of duty under the Economic Community of West African States (ECOWAS) protocols on tr...
Abuja Federal Capital Territory Republic Of Togo Republic Of Benin Adegbola Monsuru Kayode Farinto Bisiriyu Fanu
Source: guardian.ng