FG Increases Import Tariff on Rice, Wheat, Others

As revealed by the Finance Minister, Zainab Ahmed, in a document titled “Revised Import Adjustment Tax (IAT) for ECOWAS CET (2022-2026), 2023 Financial Coverage Measures”, the Federal Government said it is reviewing the Import Adjustment Tax (IAT). The 2023 updated document increased the price on rice packaging weighing more than 5kg or in bulk, as …

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