BRICS+ Series: Nigeria's tariff gambit Relief or structural retreat?
Nigeria is slashing import duties. From July 1, tariffs on bulk rice will fall from 70% to 47.5%, passenger vehicles from 70% to 40%, raw sugar cane to between 55% and 57.5%, and palm oil to 28.75%. Electric vehicles, mass-transit buses, and manufacturing machinery will face zero duty entirely. On the surface, this reads as a government finally responding to its people. Beneath the surface, the policy is far more contested, and its contradictions are precisely what demand scrutiny.
Black News 
Nigeria is slashing import duties. From July 1, tariffs on bulk rice will fall from 70% to 47.5%, passenger vehicles from 70% to 40%, raw sugar cane to between 55% and 57.5%, and palm oil to 28.75%. Electric vehicles, mass-transit buses, and manufacturing machinery will face zero duty entirely. On the surface, this reads as a government finally responding to its people. Beneath the surface, the policy is far more contested, and its contradictions are precisely what demand scrutiny.
