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Buhari Approves Import Duty, VAT Waivers For Critical Medical Equipment

A file photograph of President Muhammadu Buhari signing a doc.

 

 

President Muhammadu Buhari has authorized the waiver of import obligation and Worth Added Tax (VAT) for vital medical tools and provides.

The Presidency revealed this in a sequence of tweets on Thursday, saying the waiver was for a interval of six months within the first occasion.

It defined that the President’s motion was a part of measures put in place by the Nigerian authorities to handle the impression of the COVID-19 pandemic on its financial system.

In accordance with the Presidency, the waivers that are the newest of the fiscal insurance policies additionally goal to spice up the well being infrastructure within the nation.

In the meantime, President Buhari has directed the Nigeria Customs Service to make sure vital medical tools and provides got expedited clearance always.

He pressured that this ought to be performed in keeping with the usual working procedures for the clearance of humanitarian and reduction supplies.

The Presidency famous that the measures to facilitate the importation of some COVID-19 important medical provides have been in keeping with the indicative record really helpful by the World Customs Organisation and the World Well being Organisation (WHO).

It added that the record was reviewed by the Ministry of Trade, Commerce and Funding, in addition to the Ministry of Finance, Finances and Nationwide Planning.

Learn the tweets under:

These waivers are the newest of the fiscal insurance policies measures launched by @NigeriaGov to fight the financial implications of the #COVID19 pandemic, and to assist the strengthening of well being infrastructure in Nigeria.

— Presidency Nigeria (@NGRPresident) Could 7, 2020

These measures to facilitate the importation of some COVID-19 important medical provides are in keeping with the indicative record really helpful by the World Customs Organisation @WCO_OMD at the side of the World Well being Organisation @WHO.

— Presidency Nigeria (@NGRPresident) Could 7, 2020

“Those items for which Nigeria has adequate local capacity to produce, such as textile face masks, undenatured ethyl alcohol, hydrogen peroxide (medical and disinfectant), hand sanitizers and syringes, with or without needles, have been removed from the list.” — @ZShamsuna

— Presidency Nigeria (@NGRPresident) Could 7, 2020

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