June 6, 2018News
Lagos – Dizengoff West-Africa Nigeria Ltd on Sunday said that Nigeria Customs Service regulations and tariffs on semi-Complete Knocked Down (CDK) tractors did not encourage investors to establish local assembling factories in the country.
Mr Ritvonen Antti, Chief Executive Officer and Country Manager of the firm, made the assertion in an interview in Lagos. Antti said that the policy encouraged importation of fully-built tractors which attracted zero per cent duty and five per cent VAT. He said: “We are interested in bringing development to the Nigerian agriculture sector, especially in the assembling of tractors and other agricultural machinery. “Dizengoff hopes to partly localise activities in Nigeria soon, however, some government regulations and policies do not always encourage that to happen.
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