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The Nigerian government has begun implementing a duty-free regime for privately owned vehicles temporarily brought into, or passing through, Nigeria by international travellers, according to the Nigeria Customs Service (NCS). NCS spokesperson, Mr Abdullahi Maiwada, announced the new procedure in a statement issued on Wednesday. He explained that the framework applied strictly to personal, non-commercial […]
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IN the last six years, more than 100 Nigerian factories have shut down operations due to a harsh operating environment that makes manufacturing business difficult. Some of the factories were hard hit by foreign exchange scarcity, while others were either stymied by poor power supply or low patronage by consumers. Economy Post also found that […]
AFTER promising to rejuvenate the Nigerian agriculture sector, former President Muhammadu Buhari allowed importers to run the show, bringing in vegetable products valued at N5.953 trillion during his ill-fated eight-year tenure. The high level of vegetable products importation into Nigeria reflected the level of food scarcity across the country and the fact that agriculture policies […]