- Nigeria Customs Service exempts Electric Vehicles (EVs) and steel imports from value-added tax (VAT)
- The exemption aims to promote the adoption of EVs in Nigeria and reduce greenhouse gas emissions
- The Customs Boss assures the implementation of fiscal policies directed by the Federal Government
- The Customs aligns with the Central Bank of Nigeria’s foreign exchange rate for import duties
- The Nigeria Customs Service aims to generate N5.1 trillion in revenues for 2024, a 37.2% increase from 2023.
Source: autojosh.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
