Trade and markets
 

Detail

Area
Nigeria
Commodity Group
Rice
Commodity
All
Date
15/12/2016
Policy Category
Trade
Policy Instrument
Import tariff
Description
Released the 2016 Fiscal Policy Measures. The document sets a 50 percent levy on all imports of semi/wholly milled and broken rice and on imports of husked rice by traders not possessing milling facilities or operating backward integration programmes. These classes previously attracted an import levy of 60 percent. Imports of husked rice by millers and/or traders operating backward integration programmes will continue to attract a 20 percent levy. An additional 10 percent import duty will also remain applicable on all imports of husked, semi/wholly milled and broken rice.