The Federal Ministry of Finance on Friday said it had not increased the import duty on food items and other luxury goods.
The ministry in a statement issued by the Director of Information, Salisu Dambatta, said that contrary to some media reports that tariffs on such items have been increased, the government had no such plans at this critical period.
“The Federal Ministry of Finance wishes to categorically state that the correct position is that the 2016 FPM did not involve any upward review of tariff on the affected food items and luxury goods.
“On the contrary, tariffs for those items remain at their 2015 levels, while duties for some other items were actually reduced. “A comparison of the 2015 Fiscal Policy Measures Circular dated 20th March, 2015 and the 2016 Fiscal Policy Measures dated 29th November, 2016 will afrm this position.
“With regard to the 20 per cent duty on pharmaceutical products in the 2016 Fiscal Policy Measures, it should be noted that pharmaceutical products were already in the import prohibition list.
“This is in support of government’s intention to give further encouragement and desirable protection to local manufacturers of pharmaceutical products and ensure that those who, despite the prohibition, import such products under special permission, pay the required duties”