MAN seeks waivers on import duties

The Manufacturers Association of Nigeria has asked the Federal Government to assist the members with palliatives to keep their businesses alive.

In a statement signed by the MAN President, Mansur Ahmed, on Wednesday, they said the government should provide them with safety nets to ensure that seamless operations continued, especially production of essential commodities such as pharmaceuticals and consumables among others.

They also wanted the the Central Bank of Nigeria to extend the supply of Forex to the manufacturing sector at pre-COVID-19 rates.
The statement read in part, “In the case of an eventual lockdown, the government should consider the introduction of fiscal measures such as waivers on import duties on active pharmaceutical ingredients and other essential products.

“It should extend tax holiday to companies on corporate tax, waive the Value Added Tax and reduce the burden of personal income tax as a way of increasing the disposable income of an average Nigerian worker.”

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