2007-06-05 | TED-FEM-FPC-GEN-10-68-07

Year 2007 Fiscal Policy Measures and Tariff Amendments(a)

Below is a concise summary of the fiscal policy measures and tariff amendments approved by the Federal Executive Council (FEC) on 15th May, 2007. This includes details such as VAT exemptions for bicycle SKDs and motorcycle CKDs, extension of incentives for cement producers, incentives for shoes producers, VAT exemption for biscuits, zero percent duty rate for industrial plant machinery, zero percent duty on long-lasting insecticides treated nets (LLINS), and other specific tariff changes and fiscal policy measures. The implementation of these measures is effective from the 15th May, 2007 with a grace period until August 14th, 2007 for existing trade agreements.

Nigeria

Central Bank of Nigeria

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