EconomyNews

Federal Government Removes Import Duty On Ships, Spare Parts

Federal Government Removes Import Duty On Ships, Spare Parts

The Federal Government of Nigeria has removed import duty on importation of ships and its spare parts as an incentive to encourage indigenous shipping in Nigeria. Jamb Results

PUNCH reports that this was disclosed by the Director-General of the  Nigerian Maritime Administration and Safety, Dr. Bashir Jamoh during the Nigerian International Maritime Summit. Information Guide Nigeria

Dr. Bashir Jamoh said, “When I assumed office as the Director-General of NIMASA, I deliberately worked on two incentives for the maritime sector and one of them is fiscal incentives for the shipping industry.

“Today, the incentive has been granted and I have the memo with me but we are still waiting for the announcement from the Ministry of Transportation, which we believe will happen soon.”

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Dr. Bashir Jamoh said the Presidency had granted the industry’s request for incentives to enhance the local shipping capacity adding that, the Ministry of Transportation would formally announce the approval in due time.

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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