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News Nigeria to raise tariff on cement imports

Nigeria to raise tariff on cement imports

Written by Global Cement staff 20 March 2013
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Nigeria: Minister of Trade and Investment, Olusegun Aganga, has announced plans to create a new tariff on imported bulk cement. The move follows the alleged cement 'glut' surrounding a dispute between importer Ibeto Cement and leading producer Dangote Cement in late 2012. The current duty on imported bulk cement is 10% but no levy is imposed on the commodity.

At a meeting on Nigerian business competitiveness organised by the Nigerian Economic Summit Group (NESG), Aganga said that there was no basis for importing cement clinker since Nigeria has a cement production capacity of 28.6Mt/yr. He also stated that at no time did he issue any import permit for bulk cement in 2012.

Published in Global Cement News
Tagged under
  • Nigeria
  • Nigeria Ministry for Trade and Investment
  • Import
  • Tax
  • GCW92

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