FG increases import duty rate by 22.24%, 3rd time in one year
THE Federal Government, FG, has increased import duties by as much as 22.24 percent, a development that may worsen the inflationary trend in the country. The increase, the third this year, is expected to drive the cost of clearing a 40-foot container from N7.3 million to N8.9 million. However, the development is not unconnected to the depreciation […]