Following concerns over the recent constant drop in foreign exchange, the Chief Executive Officer (CEO) of the Centre for the Promotion of Private Enterprise (CPPE); Dr Muda Yusuf, has called for a comprehensive review of the Central Bank of Nigeria’s (CBN) role in determining Customs duty rates.
In a chat with newsmen recently, Dr Muda Yusuf lamented that the fluctuating exchange rates, particularly due to sharp depreciations, have adversely affected container traffic activities, causing a slowdown in momentum and tempo.
Addressing the issue of customs duty, Dr Yusuf advocated revisiting existing laws and arrangements to ensure stability and predictability.
He suggested fixing a…
Source: Nigerian Tribune
