Lagos - Following the decision of the federal government to hike the import duty on cars and buses from10 percent to 35 percent and an additional levy of 35 percent, many importers are boycotting Nigeria’s seaports.
Many car importers are already diverting their imports from Nigeria's seaports to other West Coast nations like Benin, Togo, Ghana and Cote D’Ivoire, reports Daily Newswatch.
The Grimaldi Group, owners of the country’s only specialised terminal for vehicle shipment, is already witnessing low patronage as all its loading bays have become empty following the government policy.
A source at the company said the move apparently taken by government to boost revenue would prove to be an anti-revenue exercise as importers would prefer clearing their goods from other neighboring countries.
Read more at Daily Newswatch.
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